$275,000
SOLD SEP 23, 2024

507 Union Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,229 Sq Ft Lot

Recently Sold

22% Above List Price

4 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Garage
  • Wood Siding
  • Forced Air Heating System

About This Home

As of September 2024

Great investment opportunity!Historic Heritage Hill 2-unit property, needs repair but priced accordingly. The lower unit features 2 bedrooms, large living room and dining room and fireplace. The upper unit has 5 bedrooms. There are two coin operated washer and dryers in the basement, 2 additional showers, a new water heater, and plenty of storage space. Tenants currently rent by the room on a weekly basis. 24 hour notice required; showings Tuesday - Sunday, 9am-3pm only. Seller directs listing agent to hold all offers until Friday 8/23/24 at noon.

Last Agent to Sell the Property

Julie Grevengoed

Clarity Realty LLC License #6502360881 Listed on: 08/19/2024

Clarity Realty LLC

Last Buyer's Agent

Shannon Carpenter

Keller Williams GR North License #6501427643

Keller Williams GR North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,489

Year Built

  • Built in 1895

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 50 x 125

Parking

  • 2 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Laundry in Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,489

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 225000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, See Remarks
  • Sewer: Public Sewer
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 50 x 125
  • Lot Size Sq Ft: 6229.0
  • Zoning Description: RES-IMP
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2489.25
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Sep 23, 2024
Sold by
Henry Salley Revocable Living Trust and Salley Henry
Bought by
Shupe Erin and Shupe Michael
Seller's Agent
Julie Grevengoed
Clarity Realty LLC
Buyer's Agent
Shannon Carpenter
Keller Williams GR North
List Price
$225,000
Sold Price
$275,000
Premium/Discount to List
$50,000
22.22%
Total Days on Market
4
Views
19
Current Estimated Value
$347,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,922
Avg. Annual Appreciation
39.94%
Original Mortgage
$206,250
Outstanding Balance
$205,107
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$142,815

Purchase Details

Closed on
Nov 21, 2019
Sold by
Salley Henry
Bought by
The Henryb Salley Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2014
Sold by
Salley Henry L
Bought by
Salley Henry L and The Henry Salley Revocable Tru

Purchase Details

Closed on
Oct 27, 1994
Sold by
Stock Stock E E and Stock Miller E
Bought by
Salley Henry L

Purchase Details

Closed on
Sep 16, 1994
Sold by
Mustard Sd and Mustard Denooyer
Bought by
Salley Henry L

Purchase Details

Closed on
Sep 15, 1994
Sold by
Fraser Fraser B B and Fraser Miller S
Bought by
Salley Henry L

Purchase Details

Closed on
Sep 14, 1994
Sold by
Denooyer Denooyer M M and Denooyer Salley H
Bought by
Salley Henry L

Purchase Details

Closed on
Sep 13, 1994
Sold by
Macintosh Macintosh K K and Mustard Macintosh
Bought by
Salley Henry L

Purchase Details

Closed on
Mar 21, 1990

Purchase Details

Closed on
Feb 24, 1989
Sold by
Mustard Macintosh and Mustard Sd
Bought by
Salley Henry L
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
Warranty Deed $275,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed $100 --
Warranty Deed $38,000 --
Quit Claim Deed -- --
Warranty Deed $45,000 --
Warranty Deed $32,000 --
Warranty Deed $10,000 --
Deed $32,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,250 New Conventional
Previous Owner $136,500 New Conventional
Previous Owner $115,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2024 09/23/24 Sold $275,000 +22.2% --
08/23/2024 08/23/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $225,000 -- --
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
2024 $2,505 $199,500 $0 $0
2023 $2,394 $174,300 $0 $0
2022 $2,362 $148,300 $0 $0
2021 $2,301 $146,600 $0 $0
2020 $2,224 $134,600 $0 $0
2019 $2,277 $120,200 $0 $0
2018 $2,207 $102,800 $0 $0
2017 $2,153 $94,000 $0 $0
2016 $2,231 $80,400 $0 $0
2015 $2,062 $80,400 $0 $0
2013 -- $73,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Grevengoed

    Seller's Agent in 2024

    Julie Grevengoed

    Clarity Realty LLC

    (616) 466-4539

    2 in this area

    127 Total Sales

    Julie Grevengoed
    Section Image

  • S

    Buyer's Agent in 2024

    Shannon Carpenter

    Keller Williams GR North

    2 in this area

    84 Total Sales

    Shannon Carpenter
    Section Image
  • Jim Blehm

    Buyer Co-Listing Agent in 2024

    Jim Blehm

    Keller Williams GR North

    (616) 719-7017

    2 in this area

    559 Total Sales

    Jim Blehm
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24043364

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-208-020

Michigan Kent County Grand Rapids 49503 Heritage Hill

507 Union Ave SE, Grand Rapids, MI

This home is located at 507 Union Ave SE, Grand Rapids, MI 49503 and is currently priced at $275,000. This property was built in 1895. 507 Union Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, Alger Middle School, and Ottawa Hills 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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