NOT LISTED FOR SALE

505 Lyon St NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $428,000 - $558,000

-- Bed
-- Bath
-- Sq Ft
5,837 Sq Ft Lot

Last Sold May 30, 2019

Last sale price $390,000

Est. 25% increase in value since last sale

Current estimated payment $3,492/month

8 Days on Market

About This Home

As of May 2019

come see this well maintained four unit in Hertitige Hill. All new roof in the fall of 2018. and the compliance certificate was just renewed. Located very close to the Medical Mile and various Universities and Colleges.

Last Agent to Sell the Property

Greg Zoller

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501336949 Listed on: 05/01/2019

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Last Buyer's Agent

Justin Moorehead

Five Star Real Estate (Eastown) License #6501387351

Five Star Real Estate (Eastown)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,548

Year Built

  • Built in 1880

Lot Details

  • 5,837 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,548

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 394900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5837.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4548.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
May 31, 2019
Sold by
Veep Investments Llc
Bought by
Joshi Parth
Seller's Agent
Greg Zoller
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Justin Moorehead
Five Star Real Estate (Eastown)
List Price
$394,900
Sold Price
$390,000
Premium/Discount to List
-$4,900
-1.24%
Current Estimated Value
$489,329

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,329
Avg. Annual Appreciation
3.82%
Original Mortgage
$292,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2016
Sold by
Vanderpoel Mike and Vanderpoel Jennifer
Bought by
Veep Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,500
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2010
Sold by
Veep Investments Llc
Bought by
Vanderpoel Mike and Vanderpoel Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2003
Sold by
Brownlee Scott T and Brownlee Crystal
Bought by
Veep Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2001
Sold by
Brownlee Scott T and Brownlee Crystal
Bought by
Brownlee Scott T and Brownlee Crystal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
9.15%

Purchase Details

Closed on
May 29, 1996
Sold by
Hubers Hubers R R and Hubers Brownlee S
Bought by
Vanderpoel Mike Jennifer

Purchase Details

Closed on
May 28, 1996
Sold by
Regency Inv and Regency Hubers R
Bought by
Vanderpoel Hubers R and Vanderpoel Mike Jennifer

Purchase Details

Closed on
Oct 1, 1993
Sold by
Price Price R R and Price Hubers R
Bought by
Vanderpoel Mike Jennifer

Purchase Details

Closed on
Sep 10, 1993
Sold by
Terhaar Terhaar R R and Terhaar Price R
Bought by
Vanderpoel Mike Jennifer

Purchase Details

Closed on
May 10, 1990

Purchase Details

Closed on
Sep 24, 1987
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
Joshi Parth $390,000 None Available
Veep Investments Llc -- None Available
Vanderpoel Mike -- Michigan Bankers Title Of We
Veep Investments Llc $196,000 Fatic
Brownlee Scott T -- Michigan Title Company
Vanderpoel Mike Jennifer $138,900 --
Vanderpoel Hubers R -- --
Vanderpoel Mike Jennifer $66,000 --
Vanderpoel Mike Jennifer $30,000 --
-- $14,100 --
-- $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Parth $291,399
Closed Joshi Parth $292,500
Previous Owner Vanderpoel Mike $149,500
Previous Owner Vanderpoel Mike $150,000
Previous Owner Vanderpoel Mike $146,250
Previous Owner Veep Investments Llc $210,000
Previous Owner Brownlee Scott T $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $390,000 -1.2% --
05/09/2019 05/09/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $394,900 -- --
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 $9,191 $232,900 $0 $0
2024 $9,191 $216,000 $0 $0
2023 $9,117 $186,500 $0 $0
2022 $8,663 $167,100 $0 $0
2021 $8,280 $184,600 $0 $0
2020 $8,322 $162,700 $0 $0
2019 $4,692 $136,300 $0 $0
2018 $4,549 $130,500 $0 $0
2017 $4,437 $107,600 $0 $0
2016 $4,459 $92,700 $0 $0
2015 $4,249 $92,700 $0 $0
2013 -- $85,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Greg Zoller

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

    (616) 813-6630

    46 Total Sales

    Greg Zoller
    Section Image
  • Justin Moorehead

    Buyer's Agent in 2019

    Justin Moorehead

    Five Star Real Estate (Eastown)

    (616) 405-8429

    71 Total Sales

    Justin Moorehead
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19017650

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-204-023

Michigan Kent County Grand Rapids 49503 Heritage Hill

505 Lyon St NE, Grand Rapids, MI

This home is located at 505 Lyon St NE, Grand Rapids, MI 49503 since 01 May 2019 and is currently estimated at $489,329. This property was built in 1880. 505 Lyon St NE 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.
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