$477,500
SOLD AUG 29, 2025

506 Fairview Ave NE Grand Rapids, MI 49503

Belknap Lookout Neighborhood
-- Bed
-- Bath
-- Sq Ft
2,570 Sq Ft Lot

Recently Sold

0 Day on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of August 2025

For Sale Appraisal Purposes Only

Last Agent to Sell the Property

Richard Rico

Keller Williams GR North (Main) License #6506047645 Listed on: 07/25/2025

Keller Williams GR North (Main)

Last Buyer's Agent

Richard Rico

Keller Williams GR North (Main) License #6506047645 Listed on: 07/25/2025

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1895

Lot Details

  • 2,570 Sq Ft Lot
  • Lot Dimensions are 40 x 64

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1895
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 x 64
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: Not Available
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Crawl Space: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 477500.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 40 x 64
  • Lot Size Sq Ft: 2570.0
  • Zoning Description: Not Available

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 6000.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2016
Closed on
Apr 30, 2017
Sold by
Brewer Gideon
Bought by
Ggfb Property Management Llc
Seller's Agent
Eric Elliott
@Home Realty LLC
Buyer's Agent
Melissa Mitchell
Green Square Properties LLC
List Price
$164,900
Sold Price
$141,250
Premium/Discount to List
-$23,650
-14.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.30%
Original Mortgage
$105,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 1, 2016
Closed on
Mar 24, 2017
Sold by
Roose Benturres Llc
Bought by
Brewer Gideon
Seller's Agent
Eric Elliott
@Home Realty LLC
Buyer's Agent
Melissa Mitchell
Green Square Properties LLC
List Price
$164,900
Sold Price
$141,250
Premium/Discount to List
-$23,650
-14.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2013
Sold by
Roosenberg Robert J
Bought by
Roose Ventures Llc

Purchase Details

Closed on
Nov 26, 2007
Sold by
Roose Ventures
Bought by
Roosenberg Robert I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 10, 2007
Sold by
Kempen Brenda
Bought by
Roose Ventures Llc

Purchase Details

Closed on
Sep 2, 1986
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 Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed $141,250 Foundation Title Agency Llc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $91,000 None Available
Deed $22,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Closed $150,000 Future Advance Clause Open End Mortgage
Previous Owner $105,000 Commercial
Previous Owner $74,550 Commercial
Previous Owner $76,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Sold $477,500 0.0% --
07/25/2025 07/25/25 Pending -- -- --
07/25/2025 07/25/25 For Sale $477,500 +238.1% --
03/24/2017 03/24/17 Sold $141,250 -14.3% --
12/30/2016 12/30/16 Pending -- -- --
11/01/2016 11/01/16 For Sale $164,900 -- --
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 $5,466 $128,100 $0 $0
2024 $5,466 $123,800 $0 $0
2023 $5,225 $117,000 $0 $0
2022 $5,154 $105,500 $0 $0
2021 $3,304 $65,800 $0 $0
2020 $2,594 $63,200 $0 $0
2019 $2,656 $56,800 $0 $0
2018 $2,698 $48,600 $0 $0
2017 $1,345 $42,900 $0 $0
2016 $1,351 $31,900 $0 $0
2015 $1,288 $31,900 $0 $0
2013 -- $24,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Richard Rico

    Seller's Agent in 2025

    Richard Rico

    Keller Williams GR North (Main)

    (616) 575-1800

    1 in this area

    197 Total Sales

    Richard Rico
    Section Image
  • Eric Elliott

    Seller's Agent in 2017

    Eric Elliott

    @Home Realty LLC

    (616) 217-1717

    136 Total Sales

    Eric Elliott
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Karen Keller

    @Home Realty LLC

  • Melissa Mitchell

    Buyer's Agent in 2017

    Melissa Mitchell

    Green Square Properties LLC

    (616) 285-9305

    1 in this area

    105 Total Sales

    Melissa Mitchell
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25037219

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-352-010

Michigan Kent County Grand Rapids 49503 Belknap Lookout

506 Fairview Ave NE, Grand Rapids, MI

This home is located at 506 Fairview Ave NE, Grand Rapids, MI 49503 and is currently priced at $477,500. This property was built in 1895. 506 Fairview Ave NE is a home located in Kent County with nearby schools including Coit Creative Arts Academy, Riverside Middle School, and Union 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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