502 Rivers Edge Ln Unit 2 Portland, MI 48875
2
Beds
2.5
Baths
1,552
Sq Ft
$250/mo
HOA Fee
Highlights
- River View
- Wood Flooring
- High Ceiling
- Deck
- Main Floor Primary Bedroom
- Cul-De-Sac
About This Home
As of April 2025Location!! 502 Rivers Edge is a two-bedroom condo overlooking the Grand River near downtown Portland. With walking trails out your back door, you can easily walk downtown, the Red Mill, the ice cream shop, or the park with the splash pad in just minutes. Each unit in Rivers Edge has a private entry and an oversized two-car garage. Above the garage is bonus storage in the attic. The interior is very accessible, with most of your living space on the first floor. The primary bedroom has great river views, an ensuite with a walk-in shower, and a large closet. The cathedral ceilings and tall windows in the living room provide warm natural lighting. The private deck off the back of the condo is a quiet place to enjoy the river or use the gas grill hook up to host a cookout. The second floor has a second bedroom with an ensuite as well as a loft area that could be used for an office or reading space. Schedule your appointment today.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,505
Year Built
- Built in 2004
Lot Details
- Property fronts a private road
- Cul-De-Sac
- Private Entrance
- Landscaped
- Front Yard Sprinklers
HOA Fees
- $250 Monthly HOA Fees
Parking
- 2 Car Garage
- Oversized Parking
- Parking Storage or Cabinetry
- Garage Door Opener
- Driveway
Home Design
- Brick Exterior Construction
- Slab Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,552 Sq Ft Home
- 2-Story Property
- Sound System
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Gas Fireplace
- Double Pane Windows
- Window Treatments
- Window Screens
- Entrance Foyer
- Living Room with Fireplace
- Dining Room
- River Views
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
Laundry
- Laundry on main level
- Dryer
- Washer
Home Security
Accessible Home Design
- Accessible Full Bathroom
- Grip-Accessible Features
- Accessible Entrance
Outdoor Features
- Deck
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Water Heater
- Water Purifier is Owned
- Water Softener is Owned
Community Details
Overview
- Association fees include snow removal, lawn care, exterior maintenance
- Rivers Edge Association
- Rivers Edge Subdivision
- On-Site Maintenance
Recreation
- Snow Removal
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 18, 2019
Closed on
Nov 21, 2019
Sold by
Jordan Marion L Living Trust
Bought by
Waltz Michael and Waltz Christine
Seller's Agent
Janay Bengal
Century 21 Affiliated
Buyer's Agent
Randy Powers
Century 21 Affiliated
List Price
$239,900
Sold Price
$215,000
Premium/Discount to List
-$24,900
-10.38%
Total Days on Market
12
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.47%
Purchase Details
Closed on
Sep 22, 2009
Sold by
Jordan Marion Lorain and Jordan Lorain
Bought by
Revocable Living Trust Of Marion L Jor
Purchase Details
Closed on
Nov 13, 2007
Sold by
Riverstone Holdings Llc
Bought by
Jordan Marion Lorain and Jordan William W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 29, 2007
Sold by
Riverstone Holdings Llc
Bought by
Jordon William W and Jordon Marion Lorain
Purchase Details
Closed on
Mar 23, 2007
Sold by
Union Bank
Bought by
Riverstone Holdings Llc
Purchase Details
Closed on
Dec 4, 2006
Sold by
Two Rivers Development Llc
Bought by
Union Bank
Map
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Similar Home in Portland, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $215,000 | Diversified Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $178,500 | Bell Title Company | |
| Land Contract | -- | None Available | |
| Warranty Deed | $1,054,500 | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $0 | New Conventional | |
| Previous Owner | $75,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $269,600 | -3.7% | $174 / Sq Ft |
| 03/14/2025 03/14/25 | Price Changed | $279,900 | -6.7% | $180 / Sq Ft |
| 02/28/2025 02/28/25 | For Sale | $299,900 | 0.0% | $193 / Sq Ft |
| 02/26/2025 02/26/25 | Pending | -- | -- | -- |
| 02/14/2025 02/14/25 | For Sale | $299,900 | +39.5% | $193 / Sq Ft |
| 11/21/2019 11/21/19 | Sold | $215,000 | -10.4% | $139 / Sq Ft |
| 11/13/2019 11/13/19 | Pending | -- | -- | -- |
| 10/17/2019 10/17/19 | For Sale | $239,900 | -- | $155 / Sq Ft |
Source: Greater Lansing Association of Realtors®
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 |
|---|---|---|---|---|
| 2024 | $5,375 | $137,300 | $9,000 | $128,300 |
| 2023 | $5,133 | $102,800 | $9,000 | $93,800 |
| 2022 | $4,889 | $102,800 | $9,000 | $93,800 |
| 2021 | $5,805 | $87,800 | $9,000 | $78,800 |
| 2020 | $4,678 | $87,800 | $9,000 | $78,800 |
| 2019 | $2,850 | $90,800 | $5,500 | $85,300 |
| 2018 | $3,088 | $77,900 | $4,100 | $73,800 |
| 2017 | $2,175 | $77,900 | $4,100 | $73,800 |
| 2016 | $2,157 | $82,600 | $4,100 | $78,500 |
| 2015 | -- | $82,600 | $4,100 | $78,500 |
| 2014 | -- | $74,400 | $4,100 | $70,300 |
Source: Public Records
Source: Greater Lansing Association of Realtors®
MLS Number: 286217
APN: 300-255-000-005-02
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