508 Lyon St NE Unit 1 Grand Rapids, MI 49503
Heritage Hill NeighborhoodEstimated Value: $278,000 - $347,000
1
Bed
1
Bath
951
Sq Ft
1919
Built
About This Home
As of March 2013Wonderful 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!
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
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
Total Days on Market
133
Current Estimated Value
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
$160,058
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$137,784
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
7.04%
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
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 | 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 | $20,000 | |
| Closed | Shea Connor M | $160,000 | |
| Previous Owner | Zaborniak Eric | $139,200 | |
| Previous Owner | Jolman Jacob A | $121,875 | |
| Previous Owner | Jolman Jacob A | $40,625 |
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
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 | $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
123 Total Sales
-
A
Buyer's Agent in 2013
Ann Despres
AJS Realty, Inc.
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 12055844
APN: 41-14-30-257-009
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