NOT LISTED FOR SALE

44 Gay Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $637,951 - $862,000

-- Bed
2 Baths
-- Sq Ft
0.3 Acres

Last Sold June 30, 2016

Last sale price $364,000

Est. 103% increase in value since last sale

Current estimated payment $4,590/month

22 Days on Market

Highlights

  • Hot Water Heating System
  • Level Lot
  • 4-minute walk to Foster Park

About This Home

As of June 2016

Building began in 1908 and completed in 1910 on this Heritage Hill Beauty. Offering 2 units. Great rental history. Unit 1 is approximately 2500 (finished) SqFt. Recently renovated. Refinished cherry hardwoods, Updated Kitchen, Original formal DR. Large original LR with Fireplace. Office with original wood ceiling and panels. Master with Fireplace, Sitting room, and amazing walk in closet. Up Bath includes separate shower, large tub, etc. 2 Additional large bedrooms with walk in closets. Second floor laundry. Basement with daylight windows ready for a transformation. Third floor is currently unfinished with over 900 sqft with 10' ceiling. Unit 1 currently left open for potential owner occupants. Listed For Rent $2200/month. See MLS#16013281; Unit 2 Apprx 1100 Finished Sq Ft: Offers 2 large bedrooms, bathroom, large kitchen with breakfast nook, LR with working fireplace, basement with laundry and storage. Currently rented for $965/month on MTM lease.
East access to the Medical Mile, Colleges, downtown restaurants, museums, shops, etc.

Last Agent to Sell the Property

Dawn Norman

JH Realty Partners Listed on: 04/12/2016

Last Buyer's Agent

Peter Albertini

Keller Williams GR North (Main) License #6502119378

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,240

Year Built

  • Built in 1910

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50x255
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Stucco

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,800
  • Utility Expense $2,667
  • Gross Income $37,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,240

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50X255
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5240.0
  • Tax Info:Zoning3: RMHH2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Hot Water: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Stucco
  • List Price: 374900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 12850.0
  • Zoning Description: RMHH2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Trash Collection

Multi Family

  • Gross Income: 37980.0
  • Insurance Expense: 1800.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5240.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2016
Closed on
Jun 30, 2016
Sold by
Norman Devin O and Norman Dawn
Bought by
Carpenter Michael and Carpenter Shannon
Seller's Agent
Dawn Norman
JH Realty Partners
Buyer's Agent
Peter Albertini
Keller Williams GR North (Main)
List Price
$374,900
Sold Price
$364,000
Premium/Discount to List
-$10,900
-2.91%
Current Estimated Value
$739,988

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,988
Avg. Annual Appreciation
8.05%
Original Mortgage
$289,000
Outstanding Balance
$231,919
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$510,093

Purchase Details

Closed on
Nov 21, 1997
Sold by
Ablao Ablao A A and Ablao S
Bought by
Norman Patrick and Norman Devin

Purchase Details

Closed on
Jul 22, 1986
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Carpenter Michael $364,000 None Available
Norman Patrick $175,000 --
-- $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Carpenter Michael $78,743
Open Carpenter Michael $289,000
Previous Owner Norman Devin O $168,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $364,000 -2.9% --
05/04/2016 05/04/16 Pending -- -- --
04/12/2016 04/12/16 For Sale $374,900 -- --
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 $7,070 $320,100 $0 $0
2024 $7,070 $306,700 $0 $0
2023 $6,765 $271,200 $0 $0
2022 $6,743 $231,200 $0 $0
2021 $6,583 $228,500 $0 $0
2020 $6,324 $210,000 $0 $0
2019 $6,556 $187,600 $0 $0
2018 $6,342 $154,100 $0 $0
2017 $6,293 $140,800 $0 $0
2016 $5,500 $121,100 $0 $0
2015 $5,240 $121,100 $0 $0
2013 -- $111,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dawn Norman

    Seller's Agent in 2016

    Dawn Norman

    JH Realty Partners

    (616) 262-2888

    6 Total Sales

    Dawn Norman
    Section Image
  • Peter Albertini

    Buyer's Agent in 2016

    Peter Albertini

    Keller Williams GR North (Main)

    (616) 291-3758

    4 in this area

    78 Total Sales

    Peter Albertini
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16010591

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-402-007

Michigan Kent County Grand Rapids 49503 Heritage Hill

44 Gay Ave SE, Grand Rapids, MI

This home is located at 44 Gay Ave SE, Grand Rapids, MI 49503 since 12 April 2016 and is currently estimated at $739,988. This property was built in 1910. 44 Gay Ave SE is a home located in Kent County with nearby schools including Grand Rapids Montessori 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes