NOT LISTED FOR SALE

438 Madison Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $774,000 - $946,000

7 Beds
4 Baths
5,344 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $170,000 $32 Per Sq Ft

Est. 403% increase in value since last sale

Current estimated payment $5,166/month

158 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 3-minute walk to Mooney Park
  • 2 Car Detached Garage

About This Home

As of April 2012

Very large 7 bedroom, 4 bathroom home, beautiful fireplace, wood flooring, large backyard, a must-see!

Last Agent to Sell the Property

Michael Balsitis

Bellabay Realty LLC License #6502346774 Listed on: 09/30/2011

Bellabay Realty LLC

Last Buyer's Agent

Andy Richter

Richter Company License #6502433113

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,752

Year Built

  • Built in 1875

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 75x263x75x263

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 5,344 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms | 4 Main Level Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,752

Year Built

Built in 1875

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1875
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:Lot Dimensions: 75x263x75x263
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 5344.0
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 3752.0
  • Tax Info:Zoning3: Res
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Garage Type Detached: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 5344.0
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 7
  • Main Level Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • LivingArea: 5344.0
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Vinyl Siding, Aluminum Siding
  • List Price: 159500.0
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Paved
  • Garage:Garage2: Yes
  • Garage Type:_two_: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Dimensions: 75x263x75x263
  • Lot Size Sq Ft: 19602.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3752.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Johnson Eric Scott and Johnson Teresa Rose
Bought by
Eric And Teresa Johnson Trust and Johnson
Current Estimated Value
$855,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Outstanding Balance
$278,249
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$549,394

Purchase Details

Closed on
Aug 8, 2012
Sold by
Johnson Eric and Johnson Teresa
Bought by
Johnson Eric Scott and Johnson Teresa Rose

Purchase Details

Listed on
Sep 30, 2011
Closed on
Apr 27, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Johbnson Eric and Johnson Teresa
Seller's Agent
Michael Balsitis
Bellabay Realty LLC
Buyer's Agent
Andy Richter
Richter Company
List Price
$199,900
Sold Price
$170,000
Premium/Discount to List
-$29,900
-14.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$153,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2011
Sold by
Roubos Jerry
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Oct 30, 2007
Sold by
Roubos Jerry B
Bought by
Roubos Jerry and Meredith Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,300
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2007
Sold by
Roubos Jerry B and Meredith Michael D
Bought by
Roubos Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,300
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2007
Sold by
Roubos Jerry B
Bought by
Roubos Jerry B and Meredith Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Interest Rate
9.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 7, 2000
Sold by
Reed Reed G G and Reed Roubos J
Bought by
Roubos J and Johnson Eric Teresa Trust

Purchase Details

Closed on
Jul 6, 1995
Sold by
Reed Reed G G and Reed Glen Ts
Bought by
Johnson Eric Teresa Trust

Purchase Details

Closed on
Mar 11, 1986
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Eric And Teresa Johnson Trust -- None Listed On Document
Johnson Eric Scott -- None Available
Johnson Eric Scott -- None Available
Johbnson Eric $170,000 Attorneys Title Agency Llc
Federal Home Loan Mortgage Corp $176,000 None Available
Roubos Jerry -- None Available
Roubos Jerry -- None Available
Roubos Jerry B -- None Available
Roubos J $187,000 --
Johnson Eric Teresa Trust $100 --
-- $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Eric Scott $306,000
Previous Owner Johnson Eric $153,000
Previous Owner Roubos Jerry $50,000
Previous Owner Roubos Jerry $375,300
Previous Owner Roubos Jerry B $369,000
Previous Owner Roubos Jerry B $47,500
Previous Owner Roubos Jerry B $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2012 04/27/12 Sold $170,000 -15.0% $32 / Sq Ft
03/06/2012 03/06/12 Pending -- -- --
09/30/2011 09/30/11 For Sale $199,900 -- $37 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,148 $400,700 $0 $0
2024 $6,148 $353,700 $0 $0
2023 $6,238 $312,100 $0 $0
2022 $5,922 $271,700 $0 $0
2021 $5,791 $266,700 $0 $0
2020 $5,536 $251,900 $0 $0
2019 $5,599 $221,000 $0 $0
2018 $5,599 $194,900 $0 $0
2017 $5,450 $177,900 $0 $0
2016 $5,516 $164,900 $0 $0
2015 $5,101 $164,900 $0 $0
2013 -- $150,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Balsitis

    Seller's Agent in 2012

    Michael Balsitis

    Bellabay Realty LLC

    (616) 813-5522

    34 Total Sales

    Michael Balsitis
    Section Image
  • Andy Richter

    Buyer's Agent in 2012

    Andy Richter

    Richter Company

    (616) 293-7035

    50 Total Sales

    Andy Richter
    Section Image

  • A

    Buyer's Agent in 2012

    Andrew Richter

    FS Realty LLC

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 11053731

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-201-008

Michigan Kent County Grand Rapids 49503 Heritage Hill

438 Madison Ave SE, Grand Rapids, MI

This home is located at 438 Madison Ave SE, Grand Rapids, MI 49503 since 30 September 2011 and is currently estimated at $855,761, approximately $160 per square foot. This property was built in 1875. 438 Madison Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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