NOT LISTED FOR SALE

501 Lakeside Dr SE Grand Rapids, MI 49506

Estimated Value: $534,000 - $647,000

3 Beds
2 Baths
2,212 Sq Ft
$258/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $300,000 $136 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $3,651/month

67 Days on Market

Highlights

  • Recreation Room
  • Traditional Architecture
  • Den
  • East Grand Rapids High School Rated A
  • Wood Flooring
  • 4-minute walk to Waterfront Park

About This Home

As of March 2019

This is a ''lifestyle'' property in East Grand Rapids. In one direction out the front door are the running and walking paths around Reeds Lake, and all that comes with it. Turn the other way and you mere steps from the center of Gaslight Village. Hardwood floors through much of the home. Updated kitchen with even more potential. Slider doors off the back of the home lead to a newer deck and ample fenced yard. Fieldstone fireplace in the living room. Main floor bedroom has a ¾ bath attached, and could also be used like a den. Upstairs the master is formerly 2 rooms merged in to 1 and could be converted back if necessary. 3rd bedroom and 2nd full bath complete the upstairs. New furnace and a/c. Ample storage.

Last Agent to Sell the Property

Michael VanderWoude

Edison Brokers & Co LLC License #6502399417 Listed on: 12/05/2018

Last Buyer's Agent

Jenny Burdick

Key Realty License #6506047910

Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,170

Year Built

  • Built in 1928

Lot Details

  • 6,969 Sq Ft Lot
  • Lot Dimensions are 62x112
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Den
  • Recreation Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Property is near a preserve or public land

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,170

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1928
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 62x112
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2212.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 6170.0
  • Tax Info:Zoning3: res
  • Waterfront Options:Water Access YN: No
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: Yes
  • Substructure:Slab: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Window Treatments: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Crawl Space: Yes
  • Lot Description:Adj to Public Land: Yes
  • General Property Info:SqFt Above Grade: 1560.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Flooring:Wood Floor: Yes
  • Flooring:Laminate Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Laminate, Wood
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen
  • Fireplace Features: Family Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Crawl Space, Partial, Slab
  • LivingArea: 2212.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Finished SQFT: 652.0
  • Basement Rooms:Total Basement SQFT: 652.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Family: Yes
  • Fireplace:Wood Burning: Yes
  • Below Grade Sq Ft: 652.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Fencing: Fenced Back
  • List Price: 300000.0
  • Lot Features: Sidewalk, Adj to Public Land
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 62x112
  • Lot Size Sq Ft: 6969.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6170.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2018
Closed on
Mar 20, 2019
Sold by
Stygstra Nick
Bought by
Scherphorn Zachary and Fahey Kathryn
Seller's Agent
Michael VanderWoude
Edison Brokers & Co LLC
Buyer's Agent
Jenny Burdick
Key Realty
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Current Estimated Value
$571,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,223
Avg. Annual Appreciation
10.28%
Original Mortgage
$285,000
Outstanding Balance
$250,564
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$320,659

Purchase Details

Listed on
Mar 24, 2015
Closed on
Apr 20, 2015
Sold by
Harrington John C
Bought by
Stygstra Nick
Seller's Agent
Judith Morgan
Coldwell Banker Schmidt Realtors
Buyer's Agent
Samantha Searl
Keller Williams GR North (Main)
List Price
$218,800
Sold Price
$218,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%

Purchase Details

Closed on
Apr 12, 2012
Sold by
Harrington Pamela A
Bought by
Harrington John C

Purchase Details

Closed on
Apr 29, 2011
Sold by
Gilpin Vernon B
Bought by
Harrington John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2010
Sold by
Mcdonald John F
Bought by
Gilpin Vernon B

Purchase Details

Closed on
Sep 7, 2006
Sold by
Gilpin Vernon B
Bought by
Mcdonald John

Purchase Details

Closed on
Apr 17, 2006
Sold by
Mcdonald John and Gilpin Vernon B
Bought by
Gilpin Vernon B

Purchase Details

Closed on
Mar 31, 2004
Sold by
Gilpin Vernon B
Bought by
Gilpin Vernon B and Mcdonald John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Hilger Lori Jean
Bought by
Hilger Stephen Arnold

Purchase Details

Closed on
Nov 1, 1987
Bought by
Sutton Dennis M and Harrington John C
Source: Public Records

Range of Values:

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Average Value
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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
Scherphorn Zachary $300,000 Title Resource Agency
Stygstra Nick $218,800 Midstate Title Agency Llc
Harrington John C -- None Available
Harrington John C $107,000 Chicago Title
Gilpin Vernon B -- None Available
Mcdonald John -- Metropolitan Title Company
Gilpin Vernon B -- None Available
Gilpin Vernon B -- Chicago Title
Gilpin Vernon B $160,000 Chicago Title
Hilger Stephen Arnold -- --
Sutton Dennis M $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scherphorn Zachary $285,000
Previous Owner Harrington John C $85,600
Previous Owner Gilpin Vernon B $128,000
Closed Gilpin Vernon B $16,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/20/2019 03/20/19 Sold $300,000 -7.7% $136 / Sq Ft
02/10/2019 02/10/19 Pending -- -- --
12/05/2018 12/05/18 For Sale $325,000 +48.5% $147 / Sq Ft
04/20/2015 04/20/15 Sold $218,800 0.0% $99 / Sq Ft View Prior Sale
03/26/2015 03/26/15 Pending -- -- --
03/24/2015 03/24/15 For Sale $218,800 -- $99 / Sq Ft
Source: MichRIC

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 $7,859 $234,000 $0 $0
2024 $7,859 $208,400 $0 $0
2023 $8,080 $190,600 $0 $0
2022 $7,658 $172,000 $0 $0
2021 $7,463 $164,400 $0 $0
2020 $6,945 $152,900 $0 $0
2019 $6,270 $141,400 $0 $0
2018 $6,170 $136,300 $0 $0
2017 $6,070 $121,400 $0 $0
2016 $5,943 $110,600 $0 $0
2015 -- $110,600 $0 $0
2013 -- $95,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 18057281

MichRIC

APN: 41-14-33-206-009