506 Lyon St NE Unit 1 Grand Rapids, MI 49503
Heritage Hill Neighborhood
2
Beds
1
Bath
1,098
Sq Ft
$165/mo
HOA Fee
Highlights
- Wood Flooring
- Living Room
- Dining Area
About This Home
As of October 2024Grand Rapids real estate. This stunning 2BD, 1BA condo located in Heritage Hill & is located within walking distance to Nantucket Bakery, Martha's Vineyard, GRCC, bus lines and more! This condo has maintained the charm of a 96 yr old home, while adding modern details that make this space absolutely spectacular! Boasting of beautiful hardwood floors, granite countertops, plenty of windows allowing a lot of natural light, French doors leading to a large 3 season porch, main floor laundry, plenty of closet space in both bedrooms, spa-like bath w/ glass tile & soaking whirlpool tub! The condo comes w/ 2 deeded, off street parking spots as well as a finished, carpeted, climate controlled storage room in the basement that could also be used as an office/studio.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,223
Year Built
- Built in 1919
HOA Fees
- $165 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 1,098 Sq Ft Home
- Living Room
- Dining Area
- Wood Flooring
Kitchen
- Oven
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Natural Gas Connected
- Cable TV Available
Community Details
- Association fees include water, trash, snow removal, sewer, lawn/yard care
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
24
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
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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: 12047574
APN: 41-14-30-257-010
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