NOT LISTED FOR SALE

501 Maryland Ave NE Grand Rapids, MI 49503

Michigan Oaks Neighborhood

Estimated Value: $382,000 - $403,000

2 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold March 01, 2024

Last sale price $370,000

Est. 7% increase in value since last sale

Current estimated payment $2,485/month

4 Days on Market

About This Home

As of March 2024

Welcome to 501 Maryland Ave. This charming multi-unit property offers an incredible opportunity for both homeowners and investors. With two well-designed units, this home is perfect for owner occupied or rental income. With a large backyard, garden area, and full basement in both units, this home may be just what you are looking for. Don't miss the chance to make this versatile property your own! Schedule a showing today and explore the endless possibilities that this property has to offer. Due to a high level of interest the seller has requested that any offers be submitted by 5 p.m. on Monday, January 22nd. Seller will respond to any offers by 10 a.m. on Tuesday, January 23rd.

Last Agent to Sell the Property

Ben Otis

Weichert REALTORS Plat Allegan License #6502390146 Listed on: 01/18/2024

Weichert REALTORS Plat Allegan

Last Buyer's Agent

Haley DeVisser

City2Shore Real Estate Holland License #65014498874

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,584

Year Built

  • Built in 1970

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 91 x 143

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,584

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 91 x 143
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4583.95
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Daylight: Yes
  • Laundry Features In Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Daylight, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 330000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 1:Garage4: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Dimensions: 91 x 143
  • Lot Size Sq Ft: 13024.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4583.95
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Mar 1, 2024
Sold by
Morozowich Melissa
Bought by
Goulet Summer
Seller's Agent
Ben Otis
Weichert REALTORS Plat Allegan
Buyer's Agent
Haley DeVisser
City2Shore Real Estate Holland
List Price
$330,000
Sold Price
$370,000
Premium/Discount to List
$40,000
12.12%
Views
23
Current Estimated Value
$395,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,039
Avg. Annual Appreciation
4.34%
Original Mortgage
$342,000
Outstanding Balance
$336,279
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$58,760

Purchase Details

Closed on
Dec 20, 2018
Sold by
Kaley Troy J
Bought by
Morozowich Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,232
Interest Rate
5.99%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 8, 2015
Closed on
Apr 22, 2015
Sold by
College Calvin and Owen & Bonnie Rottschafer 2014
Bought by
Kaley Troy J
Seller's Agent
John Postma
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Rebecca Glaesman
Realify Properties
List Price
$167,000
Sold Price
$175,000
Premium/Discount to List
$8,000
4.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.14%
Original Mortgage
$171,830
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 8, 2015
Closed on
Feb 27, 2015
Sold by
Rottschafer Bonnie
Bought by
College Calvin and Owen
Seller's Agent
John Postma
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Rebecca Glaesman
Realify Properties
List Price
$167,000
Sold Price
$175,000
Premium/Discount to List
$8,000
4.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,830
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 19, 2014
Sold by
Maryland Drive Property Llc
Bought by
College Calvin and Owen & Bonnie Rottschafer 2014

Purchase Details

Closed on
Jun 5, 2013
Sold by
Rottschafer Owen W
Bought by
Maryland Drive Property Llc

Purchase Details

Closed on
Oct 25, 2012
Sold by
Rottschafer Owen W
Bought by
Rottschafer Owen W
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
Goulet Summer $370,000 None Listed On Document
Morozowich Melissa $208,000 Chicago Title Of Michigan In
Kaley Troy J $175,000 First American Title Ins Co
College Calvin -- First American Title Ins Co
College Calvin -- First American Title Ins Co
Maryland Drive Property Llc -- None Available
Rottschafer Owen W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goulet Summer $342,000
Previous Owner Morozowich Melissa $204,000
Previous Owner Morozowich Melissa $204,232
Previous Owner Kaley Troy J $171,830
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $370,000 +12.1% --
01/22/2024 01/22/24 Pending -- -- --
01/18/2024 01/18/24 For Sale $330,000 +88.6% --
04/22/2015 04/22/15 Sold $175,000 +4.8% --
01/27/2015 01/27/15 Pending -- -- --
01/08/2015 01/08/15 For Sale $167,000 -- --
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 $4,570 $181,500 $0 $0
2024 $4,570 $165,800 $0 $0
2023 $4,689 $123,200 $0 $0
2022 $5,248 $117,500 $0 $0
2021 $4,240 $111,700 $0 $0
2020 $4,080 $102,000 $0 $0
2019 $4,334 $95,200 $0 $0
2018 $4,257 $84,400 $0 $0
2017 $4,152 $78,000 $0 $0
2016 $4,336 $68,800 $0 $0
2015 $3,517 $68,800 $0 $0
2013 -- $67,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ben Otis

    Seller's Agent in 2024

    Ben Otis

    Weichert REALTORS Plat Allegan

    (616) 275-2998

    1 in this area

    207 Total Sales

    Ben Otis
    Section Image
  • Haley DeVisser

    Buyer's Agent in 2024

    Haley DeVisser

    City2Shore Real Estate Holland

    (616) 916-5943

    1 in this area

    35 Total Sales

    Haley DeVisser
    Section Image

  • B

    Buyer Co-Listing Agent in 2024

    Brendin DeVisser

    City2Shore Real Estate Holland

    (616) 836-5771

    1 in this area

    122 Total Sales

    Brendin DeVisser
    Section Image
  • John Postma

    Seller's Agent in 2015

    John Postma

    RE/MAX Michigan

    (616) 975-5623

    273 Total Sales

    John Postma
    Section Image
  • Rebecca Glaesman

    Buyer's Agent in 2015

    Rebecca Glaesman

    Realify Properties

    (616) 706-2335

    169 Total Sales

    Rebecca Glaesman
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24003870

Southwestern Michigan Association of REALTORS®

APN: 41-14-21-476-031

Michigan Kent County Grand Rapids 49503 Michigan Oaks

501 Maryland Ave NE, Grand Rapids, MI

This home is located at 501 Maryland Ave NE, Grand Rapids, MI 49503 since 18 January 2024 and is currently estimated at $395,039. This property was built in 1970. 501 Maryland Ave NE is a home located in Kent County with nearby schools including Congress Elementary, 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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