NOT LISTED FOR SALE

503 Rust Ave Big Rapids, MI 49307

Estimated Value: $156,000 - $177,000

2 Beds
1 Bath
900 Sq Ft
$188/Sq Ft Est. Value

Last Sold January 04, 2021

Last sale price $108,000 $120 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,074/month

44 Days on Market

Highlights

  • Corner Lot: Yes
  • Window Unit Cooling System
  • Bungalow
  • 1 Car Detached Garage
  • Living Room
  • Forced Air Heating System

About This Home

As of January 2021

-This small home in a great location sits on corner lot near city pool and park trails.
-This home is a fixer-upper, but well worth the effort.
-Features newer roof, detached garage, extra sized lot.
-Carpet and paint will make a big difference.
-Home is sold 'As Is' and priced accordingly.

Last Agent to Sell the Property

Mary Peacock

Peacock Real Estate License #6506044944 Listed on: 08/18/2020

Co-Listed By

Sabrina Hill

EXP Realty Morley License #6501422902

Last Buyer's Agent

Sonja Porter

RE/MAX TOGETHER License #6501282809

RE/MAX TOGETHER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,230

Year Built

  • Built in 1930

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 75x100x75x100
  • Corner Lot: Yes
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Unpaved Driveway

Home Design

  • Bungalow
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Replacement Windows
  • Insulated Windows
  • Living Room
  • Dining Area
  • Laminate Flooring
  • Basement
  • Michigan Basement
  • Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Water Heater
  • Phone Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,230

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1930
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 75X100X75X100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 900.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1230.0
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Windows:Replacement: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: No
  • Utilities Attached:Telephone Line: Yes
  • Water Heater:Natural Gas4: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • General Property Info:SqFt Above Grade: 900.0
  • General Property Info Garage YN: Yes
  • Flooring:Laminate Floor: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Flooring: Laminate
  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 900.0
  • Window Features: Replacement, Insulated Windows
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 400.0
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 108000.0
  • Lot Features: Corner Lot, Level
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Phone Connected, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 75X100X75X100
  • Lot Size Sq Ft: 7501.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1230.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Jan 4, 2021
Sold by
Steffans Michael L
Bought by
Thorne David E and Thorne Dawn
Seller's Agent
Mary Peacock
Peacock Real Estate
Buyer's Agent
Sonja Porter
RE/MAX TOGETHER
List Price
$112,000
Sold Price
$108,000
Premium/Discount to List
-$4,000
-3.57%
Current Estimated Value
$168,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,974
Avg. Annual Appreciation
9.88%
Original Mortgage
$106,043
Outstanding Balance
$94,460
Interest Rate
2.6%
Mortgage Type
FHA
Estimated Equity
$74,514

Purchase Details

Listed on
Jan 21, 2019
Closed on
Mar 7, 2019
Sold by
Katter Vanessa
Bought by
Steffens Michael L
Seller's Agent
Joe McNally
RE/MAX TOGETHER
Buyer's Agent
Tricia Wirth
Results Real Estate LLC
List Price
$94,400
Sold Price
$90,000
Premium/Discount to List
-$4,400
-4.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.48%
Original Mortgage
$90,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 5, 2018
Sold by
Nelson Vordyn Derry
Bought by
Katter Vanessa
Seller's Agent
Grant Blakely
Coldwell Banker Schmidt Big Rapids
Buyer's Agent
BIG RAPIDS CBSCHMIDT
Coldwell Banker Schmidt Big Rapids
List Price
$35,000
Sold Price
$37,000
Premium/Discount to List
$2,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
491.67%

Purchase Details

Closed on
Oct 8, 2013
Sold by
Nelson Vordyn Derry and The Estate Of Dixie Lea Nelson
Bought by
Nelson Vordyn Derry
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
Thorne David E $108,000 Bridge Title Agency Llc
Steffens Michael L $90,000 Sun Title Agency
Katter Vanessa $370,000 Lakeland Title
Nelson Vordyn Derry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thorne David E $106,043
Previous Owner Steffens Michael L $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2022 04/16/22 Off Market $37,000 -- --
01/04/2021 01/04/21 Sold $108,000 -3.6% $120 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $112,000 +24.4% $124 / Sq Ft
03/07/2019 03/07/19 Sold $90,000 -4.7% $100 / Sq Ft View Prior Sale
02/01/2019 02/01/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $94,400 +155.1% $105 / Sq Ft
09/05/2018 09/05/18 Sold $37,000 +5.7% $42 / Sq Ft View Prior Sale
08/04/2018 08/04/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $35,000 -- $40 / 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 $2,098 $73,600 $0 $0
2024 -- $66,800 $0 $0
2023 -- $57,900 $0 $0
2022 $2,016 $50,400 $0 $0
2021 $2,016 $46,000 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20033743

Southwestern Michigan Association of REALTORS®

APN: 5417-015-210-008