NOT LISTED FOR SALE

512 Grand Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $289,000 - $332,000

3 Beds
2 Baths
1,502 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $217,000 $144 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,112/month

4 Days on Market

Highlights

  • 0.23 Acre Lot
  • Traditional Architecture
  • Corner Lot: Yes
  • Wooded Lot
  • 1 Fireplace
  • 2 Car Detached Garage

About This Home

As of April 2020

INVESTORS!! This duplex not only cash flows really well at $2100/month, but there is huge upside potential for being purchased for redevelopment in the near future. This duplex is right on I-96 downtown and is the closest home to where new development has already happened. This property includes a rare two stall garage and plenty of off street parking. Inside you have a nicely kept home with 2 bedrooms on the main and 1 bedroom up. Full baths on both floors. Fenced back yard. Furnace is 5 years old.
Washer/dryer are shared in basement.
Showings ONLY this Saturday between 11:00-3:00.

Last Agent to Sell the Property

Gerald Feenstra

RE/MAX of Grand Rapids (Stndl) Listed on: 03/12/2020

RE/MAX of Grand Rapids (Stndl)

Co-Listed By

Jacob Peterson

RE/MAX of Grand Rapids (Stndl)

Last Buyer's Agent

Monte Baker

Five Star Real Estate (Grandv) License #6501237677

Five Star Real Estate (Grandv)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,620

Year Built

  • Built in 1870

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 25x61x96x102x134
  • Corner Lot: Yes
  • Wooded Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,502 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,620

Year Built

Built in 1870

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1870
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 25X61X96X102X134
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1502.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2619.75
  • Tax Info:Zoning3: RES
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • General Property Info:Fireplace: Yes
  • Substructure:Michigan Basement: Yes
  • General Property Info:SqFt Above Grade: 1502.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 1502.0
  • General Property Info:Stories2: 2.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 199900.0
  • Lot Features: Corner Lot, Sidewalk, Wooded
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 25X61X96X102X134
  • Lot Size Sq Ft: 10019.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2619.75
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
Szymanski Edward A
Bought by
Szymanski Rental Properties Llc
Current Estimated Value
$303,521

Purchase Details

Listed on
Mar 12, 2020
Closed on
Apr 21, 2020
Sold by
Feenstra Martin
Bought by
Szymanski Edward A
Seller's Agent
Gerald Feenstra
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Monte Baker
Five Star Real Estate (Grandv)
List Price
$199,900
Sold Price
$217,000
Premium/Discount to List
$17,100
8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$151,900
Outstanding Balance
$107,027
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$205,169

Purchase Details

Listed on
Sep 24, 2013
Closed on
May 1, 2014
Sold by
Westerman John M and Westerman Lisa Marie
Bought by
Feenstra Martin
Seller's Agent
Steven Katerberg
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Gerald Feenstra
RE/MAX of Grand Rapids (Stndl)
List Price
$79,900
Sold Price
$66,000
Premium/Discount to List
-$13,900
-17.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.15%
Original Mortgage
$62,700
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1999
Bought by
Westerman Westerman and Westerman John M

Purchase Details

Closed on
Jul 24, 1987

Purchase Details

Closed on
Jan 28, 1985
Bought by
Westerman John M

Purchase Details

Closed on
Mar 14, 1983
Bought by
Westerman John M

Purchase Details

Closed on
Feb 25, 1983
Bought by
Westerman John M
Source: Public Records

Range of Values:

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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
Szymanski Rental Properties Llc -- None Available
Szymanski Edward A $217,000 Chicago Title Of Michigan In
Feenstra Martin $66,000 West Michigan Realtors Title
Westerman Westerman $60,000 --
-- $42,000 --
Westerman John M $36,000 --
Westerman John M $33,500 --
Westerman John M $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szymanski Edward A $151,900
Previous Owner Feenstra Martin $62,700
Previous Owner Westerman John W $51,758
Previous Owner Westerman John M $20,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $217,000 +8.6% $144 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/12/2020 03/12/20 For Sale $199,900 +202.9% $133 / Sq Ft
05/01/2014 05/01/14 Sold $66,000 -17.4% $44 / Sq Ft
03/31/2014 03/31/14 Pending -- -- --
09/24/2013 09/24/13 For Sale $79,900 -- $53 / 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 $5,495 $156,000 $0 $0
2024 $5,495 $132,400 $0 $0
2023 $5,450 $110,900 $0 $0
2022 $5,180 $99,900 $0 $0
2021 $4,744 $90,900 $0 $0
2020 $2,559 $82,500 $0 $0
2019 $2,620 $71,200 $0 $0
2018 $1,964 $62,400 $0 $0
2017 $1,914 $53,500 $0 $0
2016 $1,931 $46,400 $0 $0
2015 $1,815 $46,400 $0 $0
2013 -- $63,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Gerald Feenstra

    Seller's Agent in 2020

    Gerald Feenstra

    RE/MAX Michigan

    (616) 706-2674

    376 Total Sales

    Gerald Feenstra
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jacob Peterson

    RE/MAX Michigan

  • M

    Buyer's Agent in 2020

    Monte Baker

    Five Star Real Estate (Grandv)

    (616) 299-8065

    39 Total Sales

    Monte Baker
    Section Image
  • Steven Katerberg

    Seller's Agent in 2014

    Steven Katerberg

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 293-6240

    23 Total Sales

    Steven Katerberg
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20009583

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-477-001

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

512 Grand Ave NE, Grand Rapids, MI

This home is located at 512 Grand Ave NE, Grand Rapids, MI 49503 since 12 March 2020 and is currently estimated at $303,521, approximately $202 per square foot. This property was built in 1870. 512 Grand Ave NE is a home located in Kent County with nearby schools including Coit Creative Arts Academy, Riverside Middle School, and Union 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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