506 Lyon St NE Unit 1 Grand Rapids, MI 49503
Heritage Hill NeighborhoodEstimated Value: $317,000 - $326,000
2
Beds
1
Bath
1,232
Sq Ft
$300/mo
HOA Fee
Highlights
- Wood Flooring
- Screened Porch
- Snack Bar or Counter
- End Unit
- Patio
- Forced Air Heating and Cooling System
About This Home
As of October 2024This Heritage Hill condo checks all the boxes! Blending historic character with modern finishes and living, this home makes the perfect urban retreat. Located just steps away from the Medical Mile and Downtown Grand Rapids, this unit boasts high ceilings and a flowing open layout that seamlessly connects the kitchen to the spacious living room with beautiful hardwood floors. Relax or entertain on your private, screened-in front porch, accessible through stylish French doors. The kitchen is equipped with granite countertops, stainless steel appliances, large pantry, and a sleek glass subway tile backsplash and private side entry. With Martha's Vineyard, Nantucket Bakery, and Lyon Street Cafe just around the corner, dining out is always an option. Both bedrooms offer generous closet space and updated window coverings. The luxurious bathroom features marble flooring, custom tiling and jetted soaking tub. Additional conveniences include in-unit laundry and a private, climate-controlled storage area in the basement (134 sq. ft.), ideal for a home office or extra storage. With a new furnace installed in 2020 and two dedicated off-street parking spots, this condo offers comfort and ease. Discover the best of city living at 506 Lyon St NE!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,297
Year Built
- Built in 1919
Lot Details
- End Unit
- Private Entrance
- Decorative Fence
- Shrub
- Sprinkler System
HOA Fees
- $300 Monthly HOA Fees
Home Design
- Brick Exterior Construction
Interior Spaces
- 1-Story Property
- Window Treatments
- Screened Porch
- Partial Basement
Kitchen
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Laundry
- Laundry in Hall
- Laundry on main level
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Cable TV Available
Additional Features
- Patio
- Mineral Rights Excluded
Community Details
Overview
- Association fees include water, trash, snow removal, lawn/yard care
- $800 HOA Transfer Fee
- Association Phone (616) 365-5033
- El Dorado Condos
Amenities
- Community Storage Space
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 28, 2024
Closed on
Oct 15, 2024
Sold by
Lepine Karen
Bought by
Reid Sarah
Seller's Agent
Wyatt Martin
Greenridge Realty (EGR)
Buyer's Agent
Delaney Faught
RE/MAX of Grand Rapids (FH)
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Total Days on Market
9
Views
29
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,765
Avg. Annual Appreciation
0.61%
Original Mortgage
$252,000
Outstanding Balance
$250,574
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$65,513
Purchase Details
Listed on
Jul 14, 2021
Closed on
Aug 26, 2021
Sold by
Probst Nicole L
Bought by
Lepine Karen
Seller's Agent
Summer Heeringa
Edison Brokers & Co LLC
Buyer's Agent
Wyatt Martin
Greenridge Realty (EGR)
List Price
$284,900
Sold Price
$300,000
Premium/Discount to List
$15,100
5.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.56%
Original Mortgage
$240,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 30, 2014
Closed on
Sep 11, 2014
Sold by
Bucher Kasey
Bought by
Probst Nicole L
Seller's Agent
Judith Morgan
Coldwell Banker Schmidt Realtors
Buyer's Agent
Scott Moore
ExpectMoore Realty
List Price
$169,800
Sold Price
$165,500
Premium/Discount to List
-$4,300
-2.53%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%
Original Mortgage
$132,400
Interest Rate
4.15%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 28, 2012
Closed on
Oct 31, 2012
Sold by
Ward Shirley
Bought by
Bucher Kasey
Seller's Agent
Diane Griffin
Keller Williams GR North
Buyer's Agent
Robert Young
616 Realty LLC
List Price
$148,800
Sold Price
$145,500
Premium/Discount to List
-$3,300
-2.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$130,950
Interest Rate
3.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 1, 2011
Sold by
Jde & Associates Llc
Bought by
Ward Shirley
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
4.11%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 25, 2011
Sold by
Mercantile Bank Mortgage Company Llc
Bought by
Jde & Associates Llc
Purchase Details
Closed on
Jun 30, 2009
Sold by
Cannon Enterprises Llc
Bought by
West Lake Associates Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Grand Rapids, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reid Sarah | $315,000 | Chicago Title | |
| Lepine Karen | $300,000 | Sun Title Agency Of Mi Llc | |
| Probst Nicole L | $165,500 | Midstate Title Agency Llc | |
| Bucher Kasey | $145,500 | Grand Rapids Title | |
| Ward Shirley | $146,000 | Group Title Agency Services | |
| Jde & Associates Llc | $55,000 | None Available | |
| West Lake Associates Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reid Sarah | $252,000 | |
| Previous Owner | Lepine Karen | $240,000 | |
| Previous Owner | Probst Nicole L | $132,400 | |
| Previous Owner | Bucher Kasey | $130,950 | |
| Previous Owner | Ward Shirley | $138,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/15/2024 10/15/24 | Sold | $315,000 | -3.1% | $256 / Sq Ft |
| 09/06/2024 09/06/24 | Pending | -- | -- | -- |
| 08/28/2024 08/28/24 | For Sale | $325,000 | +8.3% | $264 / Sq Ft |
| 08/24/2021 08/24/21 | Sold | $300,000 | +5.3% | $244 / Sq Ft |
| 07/18/2021 07/18/21 | Pending | -- | -- | -- |
| 07/14/2021 07/14/21 | For Sale | $284,900 | +72.1% | $231 / Sq Ft |
| 09/12/2014 09/12/14 | Sold | $165,500 | -2.5% | $151 / Sq Ft |
| 08/06/2014 08/06/14 | Pending | -- | -- | -- |
| 07/30/2014 07/30/14 | For Sale | $169,800 | +16.7% | $155 / Sq Ft |
| 10/31/2012 10/31/12 | Sold | $145,500 | -2.2% | $133 / Sq Ft |
| 09/21/2012 09/21/12 | Pending | -- | -- | -- |
| 08/28/2012 08/28/12 | For Sale | $148,800 | -- | $136 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,223 | $144,300 | $0 | $0 |
| 2023 | $4,285 | $143,700 | $0 | $0 |
| 2022 | $4,068 | $120,800 | $0 | $0 |
| 2021 | $2,807 | $120,800 | $0 | $0 |
| 2020 | $2,684 | $120,800 | $0 | $0 |
| 2019 | $2,811 | $113,500 | $0 | $0 |
| 2018 | $2,714 | $98,400 | $0 | $0 |
| 2017 | $2,642 | $80,900 | $0 | $0 |
| 2016 | $2,674 | $75,500 | $0 | $0 |
| 2015 | $2,487 | $75,500 | $0 | $0 |
| 2013 | -- | $66,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Wyatt Martin
Seller's Agent in 2024
Wyatt Martin
Greenridge Realty (EGR)
(616) 889-4279
8 in this area
227 Total Sales
-
Delaney Faught
D
Buyer's Agent in 2024
Delaney Faught
RE/MAX Michigan
1 in this area
37 Total Sales
-
Summer Heeringa
S
Seller's Agent in 2021
Summer Heeringa
Edison Brokers & Co LLC
(616) 901-9299
3 in this area
36 Total Sales
-
Judith Morgan
Seller's Agent in 2014
Judith Morgan
Coldwell Banker Schmidt Realtors
(616) 813-2372
1 in this area
72 Total Sales
-
Scott Moore
S
Buyer's Agent in 2014
Scott Moore
ExpectMoore Realty
(616) 318-2146
62 Total Sales
-
Diane Griffin
Seller's Agent in 2012
Diane Griffin
Keller Williams GR North
(616) 916-5960
2 in this area
109 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24045210
APN: 41-14-30-257-010
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