$141,250
SOLD MAR 24, 2017

506 Fairview Ave NE Grand Rapids, MI 49503

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

Recently Sold

14% Below List Price

59 Days on Market

About This Home

As of March 2017

Great 2 unit property with numerous recent updates. Both units are 2 bedroom, 1 bathroom units with both having their own laundry. Great location, in one of the city's hottest neighborhoods, overlooking the city. Great location, with walkability to most downtown destinations.

Last Agent to Sell the Property

Eric Elliott

@Home Realty LLC License #6506045606 Listed on: 11/01/2016

Co-Listed By

Karen Keller

@Home Realty LLC License #6501397991

Last Buyer's Agent

Melissa Mitchell

Green Square Properties LLC License #6506046821

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,305

Year Built

  • Built in 1895

Lot Details

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

Parking

  • 3 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,305

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: Yes
  • Tax Info:Annual Property Tax: 1305.0
  • Tax Info:Zoning3: res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 154900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Telephone Line
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2570.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1305.0
  • Tax Year: 2016

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
15.31%
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
07/25/2025 07/25/25 Pending -- -- --
07/25/2025 07/25/25 For Sale $477,500 -0.3% --
05/30/2025 05/30/25 Price Changed $479,000 -3.2% --
05/05/2025 05/05/25 For Sale $495,000 +250.4% --
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

  • Melissa Mitchell

    Seller's Agent in 2025

    Melissa Mitchell

    Green Square Properties LLC

    (616) 285-9305

    1 in this area

    108 Total Sales

    Melissa Mitchell
    Section Image
  • Richard Rico

    Seller's Agent in 2025

    Richard Rico

    Keller Williams GR North

    (616) 575-1800

    201 Total Sales

    Richard Rico
    Section Image
  • Eric Elliott

    Seller's Agent in 2017

    Eric Elliott

    @Home Realty LLC

    (616) 217-1717

    138 Total Sales

    Eric Elliott
    Section Image

  • K

    Seller Co-Listing Agent in 2017

    Karen Keller

    @Home Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16055072

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 $141,250. 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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