NOT LISTED FOR SALE

512 Gilbert St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $103,000 - $231,000

1 Bed
1 Bath
860 Sq Ft
$193/Sq Ft Est. Value

Sale Details

Date Sold: March 10, 2023

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

Est. 95% increase in value since last sale

Current estimated payment $1,069 / mo

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 $165,974, approximately $192 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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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 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

1,820 Sq Ft Lot

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 98.84
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 860.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 996.05
  • Tax Info:Zoning3: residential
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Crawl Space: Yes
  • General Property Info:SqFt Above Grade: 860.0
  • General Property Info Garage YN: No
  • 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
  • General Property Info:Stories2: 1.0

Exterior Features

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

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

Tax Info

  • Tax Annual Amount: 996.05
  • Tax Year: 27600

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 7, 2023
Sold by
Rick Justin Shawn and 512 Gilbert Street Se Trust
Bought by
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
Current Estimated Value
$165,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,974
Avg. Annual Appreciation
21.14%
Original Mortgage
$546,000
Outstanding Balance
$522,537
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
-$356,563

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison Area, MI

  • Tanya Powell-May Real Estate Agent - Keller Williams GR North

    Tanya Powell-May

    Responds Quickly

    Keller Williams GR North

    (616) 202-5928

    309 Total Sales

    14 in Madison Area

    $14K - $280K Price Range

    Tanya Powell-May
     Section Image
  • Jason Griffin Real Estate Agent - Keller Williams GR North

    Jason Griffin

    Keller Williams GR North

    (616) 816-4406

    101 Total Sales

    3 in Madison Area

    $165K - $230K Price Range

    Jason Griffin
     Section Image
  • Jesse Baragar Real Estate Agent - Baragar Realty LLC

    Jesse Baragar

    Baragar Realty LLC

    (269) 397-3765

    164 Total Sales

    1 in Madison Area

    $240,000 Price

    Jesse Baragar
     Section Image
  • Scott Grondman Real Estate Agent - Bellabay Realty (SW)

    Scott Grondman

    Bellabay Realty (SW)

    (616) 369-8731

    102 Total Sales

    2 in Madison Area

    $155,000 Price Range

    Scott Grondman
     Section Image
  • Patricia Round Real Estate Agent - Keller Williams GR North

    Patricia Round

    Responds Quickly

    Keller Williams GR North

    (616) 369-8397

    68 Total Sales

    1 in Madison Area

    $317,000 Price

    Patricia Round
     Section Image
  • Justin Glover Real Estate Agent - RE/MAX of Grand Rapids (Stndl)

    Justin Glover

    RE/MAX of Grand Rapids (Stndl)

    (616) 816-5921

    288 Total Sales

    4 in Madison Area

    $103K - $230K Price Range

    Justin Glover
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $546,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,833 $43,400 $0 $0
2024 $18 $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

  • Mitchell Luban Real Estate Agent - Edison Brokers & Co LLC

    Seller's Agent in 2023

    Mitchell Luban

    Edison Brokers & Co LLC

    (616) 375-0775

    3 in this area

    98 Total Sales

    Mitchell Luban
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 23007089

MichRIC

APN: 41-18-06-203-053

Michigan Kent County Grand Rapids 49507 Madison Area

512 Gilbert St SE, Grand Rapids, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.