NOT LISTED FOR SALE

508 Lyon St NE Unit 1 Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $245,000 - $366,000

1 Bed
1 Bath
951 Sq Ft
1919 Built

Last Sold March 13, 2013

Last sale price $130,000 $137 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $1,939/month

133 Days on Market

About This Home

As of March 2013

Wonderful opportunity to live in fantastically restored and contemporary feeling condo in the historic Heritage Hill Area. This condo features an open floor plan with the living room, dining room and kitchen flowing comfortably into one another. Closets, cupboards and a generous pantry offer ample storage. Also featuring private in-unit laundry. There is also deeded space in the basement which could be finished as additional storage, office or workout space. Conveniently located near the Medical Mile, Martha's Vineyard, and all that downtown offers. If you've been looking at other downtown condos where you pay monthly for parking, you'll appreciate the deeded parking space that is included with this unit. A great buy!

Last Agent to Sell the Property

Julie Grevengoed

Clarity Realty LLC License #6502360881 Listed on: 10/16/2012

Clarity Realty LLC

Last Buyer's Agent

Ann Despres

AJS Realty, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,657

Year Built

  • Built in 1919

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 951 Sq Ft Home
  • Living Room
  • Dining Area

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, trash, snow removal, sewer, lawn/yard care

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,657

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • Year Built: 1919
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Built in Oven, Cook Top, Dishwasher, Microwave, Refrigerator
  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 951.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 144900.0
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Public Sewer

Condo/Co-op/Association

  • Association Amenities: Pets Allowed
  • Association Fee: 165.0
  • Association: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer, Lawn/Yard Care

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2020
Sold by
Shea Connor M and Shea Brian M
Bought by
Shea Connor M
Current Estimated Value
$308,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Outstanding Balance
$158,369
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$143,446

Purchase Details

Closed on
Jun 5, 2018
Sold by
Zaborniak Eric
Bought by
Shea Connor M and Shea Brian M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2016
Sold by
Woodrick Yvonne and Woodrick Whitney
Bought by
Zaborniak Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,200
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2012
Closed on
Mar 13, 2013
Sold by
Jolman Jacob and Jolman Jacob D
Bought by
Woodrick Yvonne and Woodrick Whitney
Seller's Agent
Julie Grevengoed
Clarity Realty LLC
Buyer's Agent
Ann Despres
AJS Realty, Inc.
List Price
$144,900
Sold Price
$130,000
Premium/Discount to List
-$14,900
-10.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.94%

Purchase Details

Closed on
Jul 5, 2007
Sold by
Cannon Enterprises Llc
Bought by
Jolman Jacob A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,875
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2007
Sold by
Cannon Enterprises Llc
Bought by
Willey Daniel N
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 Buyer Sale Price Title Company
Shea Connor M -- None Available
Shea Connor M $200,000 Chicago Title Of Michigan In
Zaborniak Eric $174,000 Chicago Title
Woodrick Yvonne $130,000 None Available
Jolman Jacob A $162,500 None Available
Willey Daniel N $157,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shea Connor M $178,000
Closed Shea Connor M $160,000
Previous Owner Zaborniak Eric $139,200
Previous Owner Jolman Jacob A $121,875
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2013 03/13/13 Sold $130,000 -10.3% $137 / Sq Ft
02/26/2013 02/26/13 Pending -- -- --
10/16/2012 10/16/12 For Sale $144,900 -- $152 / 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 $3,657 $144,900 $0 $0
2024 $3,657 $125,000 $0 $0
2023 $3,710 $124,500 $0 $0
2022 $3,522 $104,600 $0 $0
2021 $3,454 $104,600 $0 $0
2020 $3,302 $104,600 $0 $0
2019 $3,459 $98,300 $0 $0
2018 $2,968 $85,300 $0 $0
2017 $2,950 $70,100 $0 $0
2016 $2,317 $65,400 $0 $0
2015 $2,154 $65,400 $0 $0
2013 -- $63,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Grevengoed

    Seller's Agent in 2013

    Julie Grevengoed

    Clarity Realty LLC

    (616) 466-4539

    2 in this area

    110 Total Sales

    Julie Grevengoed
    Section Image

  • A

    Buyer's Agent in 2013

    Ann Despres

    AJS Realty, Inc.

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12055844

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-257-009

Michigan Kent County Grand Rapids 49503 Heritage Hill

508 Lyon St NE Unit 1, Grand Rapids, MI

This home is located at 508 Lyon St NE Unit 1, Grand Rapids, MI 49503 since 16 October 2012 and is currently estimated at $308,090, approximately $323 per square foot. This property was built in 1919. 508 Lyon St NE Unit 1 is a home located in Kent County with nearby schools including Grand Rapids Montessori 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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