510 Madison Ave SE Grand Rapids, MI 49503
Heritage Hill Neighborhood
3
Beds
3.5
Baths
4,124
Sq Ft
0.26
Acres
Highlights
- Family Room with Fireplace
- Wood Flooring
- 2 Car Attached Garage
- Traditional Architecture
- Porch
- 2-minute walk to Mooney Park
About This Home
As of June 2020One of Grand Rapids most sought after neighborhoods, Heritage Hill. This beauty sits right across from the Frank Lloyd Wright house. . Take a step back in time to the gorgeous wood work, wood floors, stately fireplaces, open stair case, 3 floors of loveliness. Pride of ownership is evident throughout this property. Brand new roof, up to Heritage Hill qualifications in 2018. Updated electrical & plumbing. Home offers a 2 zone high efficiency heating and cooling system. Heated garage and floors in the kitchen and master bath are heated to keep you warm & cozy on our Michigan winter nights. Kitchen has been updated with Omega soft close cabinets & butler pantry and has a great entertaining area with a wet bar & TV. Right off kitchen is your formal dining room that opens up to the beautiful living room. A couple of steps away is a main floor office space with beautiful views out the wall of windows. Second floor has your spacious Master Suite with en suite and another bedroom with it's own private bath and laundry is also located in the master suite for ease of use. Seller used second bedroom for an Airbnb for many years. Then the 3rd floor. Amazing entertaining area and ability to use for another sleeping area. Huge and beautiful. This home has so many possibilities of use. On South side of home is a private entrance to an income producing apartment. Seller has never had a problem keeping it rented. Perfect location, close to downtown. If you didn't want to rent it out, the fix to turn it back into a single family home is as easy as removing one wall. Stepping outside is beautiful and inviting. Side porch for grilling and chilling and yard professionally landscaped. This property is just waiting for someone to enjoy it as much as the current Seller has. Schedule your private showing today.
Last Agent to Sell the Property
EXP Realty (Grand Rapids) License #6501389679 Listed on: 05/08/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,625
Year Built
- Built in 1916
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 80x141
- Shrub
- Level Lot
- Garden
Parking
- 2 Car Attached Garage
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slate Roof
Interior Spaces
- 4,124 Sq Ft Home
- 3-Story Property
- Wet Bar
- Window Treatments
- Window Screens
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Basement Fills Entire Space Under The House
- Storm Windows
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Cable TV Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 8, 2020
Closed on
Jun 29, 2020
Sold by
Greenop Jill A
Bought by
Haines John P and Barnes Lisa M
Seller's Agent
Joni McArthur
EXP Realty (Grand Rapids)
Buyer's Agent
Lauren Karsten
Five Star Real Estate (Ada)
List Price
$610,000
Sold Price
$587,500
Premium/Discount to List
-$22,500
-3.69%
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
$325,365
Avg. Annual Appreciation
7.80%
Original Mortgage
$499,375
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 8, 2020
Closed on
Jun 26, 2020
Sold by
Greenop Jill A
Bought by
Haines John P and Barnes Lisa M
Seller's Agent
Joni McArthur
EXP Realty (Grand Rapids)
Buyer's Agent
Lauren Karsten
Five Star Real Estate (Ada)
List Price
$610,000
Sold Price
$587,500
Premium/Discount to List
-$22,500
-3.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,375
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 1, 2015
Closed on
Jul 31, 2015
Sold by
Maccartey Edmund Shawn
Bought by
Greenop Jill A
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Samantha Searl
Keller Williams GR North (Main)
List Price
$538,000
Sold Price
$510,000
Premium/Discount to List
-$28,000
-5.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$404,000
Interest Rate
4.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 28, 2011
Sold by
Fannie Mae
Bought by
Maccartey Edmund Shawn
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.22%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 23, 2011
Sold by
Koel Gail J and Koel Steven
Bought by
Federal National Mortgage Association
Purchase Details
Closed on
Nov 17, 2009
Sold by
510 Madison Ave Land Trust
Bought by
Koel Gail J
Purchase Details
Closed on
Jan 23, 2009
Sold by
Koel Gail J
Bought by
510 Madison Ave Land Trust
Purchase Details
Closed on
Dec 4, 2000
Sold by
Ptrsn Ptrsn M M and Ptrsn Bsschr R
Bought by
Bsschr Bsschr R and Bsschr C
Purchase Details
Closed on
May 22, 2000
Sold by
Drsslr Drsslr H H and Drsslr Petersen M
Bought by
Maccartey Petersen M and Maccartey Edmund Shawn
Similar Homes in Grand Rapids, MI
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $587,500 | Star Title | |
| Warranty Deed | $587,500 | Star Title Agency Llc | |
| Warranty Deed | $510,000 | Attorney | |
| Deed | $167,500 | Etitle Agency Inc | |
| Sheriffs Deed | $454,699 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $242,300 | -- | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $499,375 | New Conventional | |
| Previous Owner | $499,375 | New Conventional | |
| Previous Owner | $404,000 | Commercial | |
| Previous Owner | $252,000 | Commercial | |
| Previous Owner | $0 | Commercial | |
| Previous Owner | $355,500 | Commercial | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $130,000 | Credit Line Revolving | |
| Previous Owner | $141,000 | Commercial | |
| Previous Owner | $34,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2020 06/26/20 | Sold | $587,500 | -3.7% | $142 / Sq Ft |
| 05/24/2020 05/24/20 | Pending | -- | -- | -- |
| 05/08/2020 05/08/20 | For Sale | $610,000 | +19.6% | $148 / Sq Ft |
| 08/05/2015 08/05/15 | Sold | $510,000 | -5.2% | $124 / Sq Ft |
| 06/15/2015 06/15/15 | Pending | -- | -- | -- |
| 06/01/2015 06/01/15 | For Sale | $538,000 | -- | $130 / 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 |
|---|---|---|---|---|
| 2025 | $14,455 | $538,000 | $0 | $0 |
| 2024 | $14,455 | $517,600 | $0 | $0 |
| 2023 | $14,604 | $457,300 | $0 | $0 |
| 2022 | $13,867 | $384,800 | $0 | $0 |
| 2021 | $13,862 | $381,100 | $0 | $0 |
| 2020 | $9,229 | $345,700 | $0 | $0 |
| 2019 | $9,625 | $294,000 | $0 | $0 |
| 2018 | $9,302 | $265,800 | $0 | $0 |
| 2017 | $9,058 | $243,000 | $0 | $0 |
| 2016 | $9,379 | $202,800 | $0 | $0 |
| 2015 | $9,739 | $202,800 | $0 | $0 |
| 2013 | -- | $189,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joni McArthur
Seller's Agent in 2020
Joni McArthur
EXP Realty (Grand Rapids)
(616) 894-1550
123 Total Sales
-
Lauren Karsten
L
Buyer's Agent in 2020
Lauren Karsten
Five Star Real Estate (Ada)
(616) 690-8355
4 in this area
91 Total Sales
-
Diane Griffin
Seller's Agent in 2015
Diane Griffin
Keller Williams GR North (Main)
(616) 916-5960
2 in this area
102 Total Sales
-
Samantha Searl
S
Buyer's Agent in 2015
Samantha Searl
Keller Williams GR North (Main)
(616) 617-3410
1 in this area
38 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 20015187
APN: 41-14-31-205-002
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