506 Lyon St NE Unit 1 Grand Rapids, MI 49503
Heritage Hill Neighborhood
2
Beds
1
Bath
1,232
Sq Ft
$225/mo
HOA Fee
Highlights
- Wood Flooring
- End Unit
- Patio
- Whirlpool Bathtub
- Screened Porch
- Living Room
About This Home
As of October 2024This is the Heritage Hill condo you've been waiting for - the perfect mix of original character and modern updates! With tall ceilings and an open floor plan, there is amazing flow from the kitchen through the spacious living room out to your private, screened-in front porch with French doors. The kitchen is ideal for entertaining with granite countertops, stainless steel appliances, large pantry, and glass subway tile backsplash. Your bathroom oasis features marble flooring, custom tiling, and a relaxing jetted soaking tub. There is in-unit laundry and the 2 bedrooms offer generous closet space. Downstairs you'll find your private, climate controlled storage space (134 sq ft), currently set up as an office. You also have 2 designated parking spaces that can be accessed through your private side entrance door. But, you may prefer to walk, being just blocks from Martha's Vineyard, Lyon Street Cafe and all your Michigan St favorites. New furnace in 2020. 506 Lyon St. welcomes you home!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,846
Year Built
- Built in 1919
Lot Details
- End Unit
- Decorative Fence
- Shrub
- Sprinkler System
- Garden
HOA Fees
- $225 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 1-Story Property
- Window Treatments
- Living Room
- Screened Porch
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
- Snack Bar or Counter
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Whirlpool Bathtub
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Patio
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- Association fees include water, trash, snow removal, sewer, lawn/yard care
- $450 HOA Transfer Fee
- Association Phone (616) 365-5033
- El Dorado Condominiums
Pet Policy
- Pets Allowed
Additional Features
- Security
- Security Service
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
4
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
2.62%
Original Mortgage
$252,000
Outstanding Balance
$250,574
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$69,191
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
Map
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $315,000 | Chicago Title | |
| Warranty Deed | $300,000 | Sun Title Agency Of Mi Llc | |
| Warranty Deed | $165,500 | Midstate Title Agency Llc | |
| Warranty Deed | $145,500 | Grand Rapids Title | |
| Warranty Deed | $146,000 | Group Title Agency Services | |
| Deed | $55,000 | None Available | |
| Deed In Lieu Of Foreclosure | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $252,000 | New Conventional | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $132,400 | New Conventional | |
| Previous Owner | $130,950 | New Conventional | |
| Previous Owner | $138,700 | New Conventional |
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
| 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
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 21027700
APN: 41-14-30-257-010
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.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
Nearby Homes
- 529 Fountain St NE
- 318 College Ave NE
- 253 Prospect Ave NE Unit 105
- 430 Union Ave NE Unit 303
- 430 Union Ave NE
- 460 Fulton St E Unit 3
- 235 Lyon St NE
- 44 Lafayette Ave NE Unit 6
- 753 Innes St NE
- 30 College Ave SE Unit 25
- 30 College Ave SE Unit 37
- 104 Langdon Ave NE
- 135 Houseman Ave NE
- 443 Emerald Ave NE
- 447 Emerald Ave NE
- 22 Jefferson Ave SE
- 116 Union Ave SE
- 442 Emerald Ave NE
- 806 Baldwin St SE
- 538 Eastern Ave NE