NOT LISTED FOR SALE

508 Gilbert St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $136,000 - $203,000

3 Beds
1 Bath
933 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $100,000 $107 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,127/month

Highlights

  • Traditional Architecture
  • Living Room
  • Forced Air Heating System
  • Eat-In Kitchen

About This Home

As of March 2023

This home is located at 508 Gilbert St SE, Grand Rapids, MI 49507 since 10 March 2023 and is currently estimated at $172,526, approximately $184 per square foot. This property was built in 1890. 508 Gilbert St SE is a home located in Kent County with nearby schools including Campus Elementary School, Alger Middle School, and Ottawa Hills High School.

Last Agent to Sell the Property

Mitchell Luban

Edison Brokers & Co LLC License #6506047711 Listed on: 03/10/2023

Last Buyer's Agent

Mitchell Luban

Keller Williams GR East

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,085

Year Built

  • Built in 1890

Lot Details

  • 5,619 Sq Ft Lot

Parking

  • Unpaved Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 933 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Partial Basement
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,085

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1890
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50*120*43*121
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 933.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1084.61
  • Tax Info:Zoning3: Res
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • General Property Info:Fireplace: No
  • General Property Info:SqFt Above Grade: 933.0
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 3
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Partial
  • LivingArea: 933.0
  • General Property Info:Stories2: 2.0
  • Kitchen Features:Eating Area: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 100000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 50*120*43*121
  • Lot Size Sq Ft: 5619.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1084.61
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 13, 2023
Sold by
508 Gilbert Street Se Trust and Rick Justin Shawn
Bought by
Alto Ventures Llc
Seller's Agent
Mitchell Luban
Edison Brokers & Co LLC
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$100,000
Sold Price
$100,000
Current Estimated Value
$172,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,526
Avg. Annual Appreciation
25.05%
Original Mortgage
$546,000
Outstanding Balance
$530,085
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
-$357,559

Purchase Details

Closed on
May 30, 2018
Sold by
Rick Justin
Bought by
Smith Scott Royal and 508 Gilbert Street Se Trust

Purchase Details

Closed on
Mar 31, 2016
Sold by
Hunt Guy
Bought by
Rick Justin

Purchase Details

Closed on
Mar 30, 2016
Sold by
Bottrell Robert J and Bottrell Phoebe S
Bought by
Hunt Guy

Purchase Details

Closed on
Dec 14, 2012
Sold by
Bottrell Phoebe S
Bought by
Bottrell Robert James and Bottrell Phoebe S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,800
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2007
Sold by
Bottrell Robert and Bottrell Phoebe
Bought by
Bottrell Phoebe S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
6.27%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 25, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Bottrell Phoebe

Purchase Details

Closed on
Apr 17, 2006
Sold by
Whiteside Michael and Whiteside Michael L
Bought by
Deutsche Bank National Trust Co and Registered Holders Of Argent Mortgage Lo

Purchase Details

Closed on
Feb 15, 2006
Sold by
Whiteside Michael
Bought by
Deutsche Bank National Trust Co and Registered Holders Of Argent Mortgage Lo

Purchase Details

Closed on
Mar 28, 2001
Sold by
Faison Mona Lisa
Bought by
Whiteside Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,050
Interest Rate
7.13%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Alto Ventures Llc $100,000 Irongate Title Agency
Smith Scott Royal -- None Available
Rick Justin $44,800 Essential Title Agency Llc
Hunt Guy $212,500 Essential Title Agency Llc
Bottrell Robert -- None Available
Bottrell Robert James -- Sun Title Agency Of Mi Llc
Bottrell Phoebe S -- None Available
Bottrell Phoebe $40,000 Attorneys Title Agency Inc
Deutsche Bank National Trust Co -- None Available
Deutsche Bank National Trust Co $73,497 None Available
Whiteside Michael $49,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alto Ventures Llc $546,000
Previous Owner Bottrell Robert James $42,800
Previous Owner Bottrell Robert James $56,000
Previous Owner Whiteside Michael L $67,500
Previous Owner Whiteside Michael $15,300
Previous Owner Whiteside Michael $11,800
Previous Owner Whiteside Michael $49,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $100,000 0.0% $107 / Sq Ft
03/10/2023 03/10/23 Pending -- -- --
03/10/2023 03/10/23 For Sale $100,000 -- $107 / Sq Ft
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 $2,195 $50,900 $0 $0
2024 $2,195 $44,000 $0 $0
2023 $1,141 $37,900 $0 $0
2022 $1,085 $32,300 $0 $0
2021 $1,057 $26,800 $0 $0
2020 $1,021 $24,000 $0 $0
2019 $1,046 $19,600 $0 $0
2018 $876 $17,500 $0 $0
2017 $855 $14,800 $0 $0
2016 $709 $14,300 $0 $0
2015 $675 $14,300 $0 $0
2013 -- $15,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mitchell Luban

    Edison Brokers & Co LLC

    (616) 375-0775

    3 in this area

    110 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23007087

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-203-052

Michigan Kent County Grand Rapids 49507 Madison Area

508 Gilbert St SE, Grand Rapids, MI

This home is located at 508 Gilbert St SE, Grand Rapids, MI 49507 since 10 March 2023 and is currently estimated at $172,526, approximately $184 per square foot. This property was built in 1890. 508 Gilbert St SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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