NOT LISTED FOR SALE

512 Gilbert St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $87,000 - $189,000

1 Bed
1 Bath
860 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $85,000 $99 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $993/month

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 1-Story Property

About This Home

As of March 2023

This home is located at 512 Gilbert St SE, Grand Rapids, MI 49507 since 10 March 2023 and is currently estimated at $150,236, approximately $174 per square foot. This property was built in 1880. 512 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

  • $996

Year Built

  • Built in 1880

Lot Details

  • 1,820 Sq Ft Lot

Home Design

  • Wood Siding

Interior Spaces

  • 860 Sq Ft Home
  • 1-Story Property
  • Basement
  • Crawl Space
  • Laundry on main level

Bedrooms and Bathrooms

  • 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

$996

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 1880
  • ResoPropertyType: Residential
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Crawl Space
  • LivingArea: 860.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 85000.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Garage: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Dimensions: 0
  • Lot Size Sq Ft: 1820.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 996.05
  • Tax Year: 27600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 7, 2023
Sold by
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
$85,000
Sold Price
$85,000
Total Days on Market
0
Current Estimated Value
$150,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,236
Avg. Annual Appreciation
28.95%
Original Mortgage
$546,000
Outstanding Balance
$531,901
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
-$381,665

Purchase Details

Closed on
May 30, 2018
Sold by
Rick Justin
Bought by
Smith Scott Royal and 512 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
Feb 7, 2007
Sold by
Bottrell Robert and Bottrell Phoebe
Bought by
Bottrell Phoebe S

Purchase Details

Closed on
Feb 19, 2001
Sold by
Schultz Larry W and Schultz Janet A
Bought by
Arbanas Mary
Source: Public Records

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Range of Values:

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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 $85,000 None Listed On Document
Smith Scott Royal -- None Available
Rick Justin $42,300 Essential Title Agency Llc
Hunt Guy $212,500 Essential Title Agency Llc
Bottrell Phoebe S -- None Available
Arbanas Mary $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alto Ventures Llc $546,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $85,000 0.0% $99 / Sq Ft
03/10/2023 03/10/23 For Sale $85,000 -- $99 / 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
2024 $1,786 $35,800 $0 $0
2023 $1,048 $31,900 $0 $0
2022 $996 $27,600 $0 $0
2021 $971 $23,400 $0 $0
2020 $938 $21,300 $0 $0
2019 $961 $18,000 $0 $0
2018 $730 $14,700 $0 $0
2017 $712 $12,600 $0 $0
2016 $534 $12,400 $0 $0
2015 $509 $12,400 $0 $0
2013 -- $12,900 $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

    119 Total Sales

    Mitchell Luban
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23007089

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-203-053

Michigan Kent County Grand Rapids 49507 Madison Area

512 Gilbert St SE, Grand Rapids, MI

This home is located at 512 Gilbert St SE, Grand Rapids, MI 49507 since 10 March 2023 and is currently estimated at $150,236, approximately $174 per square foot. This property was built in 1880. 512 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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