NOT LISTED FOR SALE

514 Crescent St NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $415,000 - $468,000

-- Bed
-- Bath
-- Sq Ft
5,663 Sq Ft Lot

Last Sold September 05, 2023

Last sale price $390,000

Est. 11% increase in value since last sale

Current estimated payment $3,045/month

17 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Cooling System Mounted In Outer Wall Opening
  • 4 Car Garage
  • Wood Siding

About This Home

As of September 2023

Investment opportunity in Heritage Hill near the Medical Mile: 514 Crescent is a duplex with two 2-bedroom apartments. 520 Crescent next door is also for sale. A shared driveway leads to 2 parking spaces plus a 2-car garage for 514 Crescent. This property offers the historic woodwork, character, & charm that attracts renters & buyers to Heritage Hill. Crescent is a quiet, tree lined street ideal for spending warm days on the front porch. This property has a City of Grand Rapids Certificate of Compliance valid through 05/19/2029. Laundry access in basement for Apt. 1. Apt. 1 has central AC. Located within a couple blocks: Corewell Hospital & the Medical Mile, GVSU Cook Devos Center for Health Sciences, Martha's Vineyard, Nantucket Baking Company, & Lyon Street Cafe. The Rapid bus lines 13,15, & the GVSU Laker Line stop within 1 block. Access to I-96 College Street Exit. Sellers reserve right to add an offer deadline or call for highest and best.

Last Agent to Sell the Property

Kellie Kalish

Engel and Volkers Shoreline - I Listed on: 07/16/2023

Last Buyer's Agent

Charles Laufer

Five Star Real Estate (Ada) License #6506047793

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,480

Year Built

  • Built in 1910

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 40x142

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 4 Car Garage
  • Unpaved Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Community Details

Overview

  • 2 Units
  • Heritage Hill Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,480

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40X142
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5480.32
  • Tax Info:Zoning3: residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Location Property Info:Subdivision2: Heritage Hill
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Driveway:Shared Unpaved: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 410000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Wall Unit(s), Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 40X142
  • Lot Size Sq Ft: 5663.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5480.32
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2023
Closed on
Sep 5, 2023
Sold by
Bechiri Said and Bechiri Holly
Bought by
Chakraborty Sayan and Chakraborty Basabdutta
Seller's Agent
Kellie Kalish
Engel and Volkers Shoreline - I
Buyer's Agent
Charles Laufer
Five Star Real Estate (Ada)
List Price
$410,000
Sold Price
$390,000
Premium/Discount to List
-$20,000
-4.88%
Views
20
Current Estimated Value
$433,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,331
Avg. Annual Appreciation
5.44%
Original Mortgage
$292,500
Outstanding Balance
$286,685
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$146,646

Purchase Details

Listed on
Sep 7, 2017
Closed on
Oct 2, 2017
Sold by
Tllc 514 Crescne
Bought by
Bechiri Said and Bechiri Holly
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Samantha Searl
Keller Williams GR North (Main)
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%
Original Mortgage
$225,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 3, 2017
Sold by
Briggs Denny and Briggs Beth
Bought by
514 Crescent Llc

Purchase Details

Listed on
Oct 28, 2013
Closed on
May 29, 2014
Sold by
Nelson David D and Nelson Christine
Bought by
Briggs Denny
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Ryan Ogle
Bluhouse Properties LLC - I
List Price
$189,900
Sold Price
$163,000
Premium/Discount to List
-$26,900
-14.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%
Original Mortgage
$165,000
Interest Rate
4.28%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 22, 2004
Sold by
Oosterhouse Henry C and Oosterhouse Brenda S
Bought by
Nelson David D and Nelson Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,710
Interest Rate
7.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 8, 1999

Purchase Details

Closed on
Sep 29, 1994
Sold by
Wold Wold E E and Oosterhouse Wold
Bought by
Nelson David D Christine

Purchase Details

Closed on
Apr 17, 1992
Sold by
Wold Wold E E and Wold J
Bought by
Nelson David D Christine

Purchase Details

Closed on
Oct 30, 1987

Purchase Details

Closed on
Oct 29, 1987

Purchase Details

Closed on
Oct 18, 1985
Source: Public Records

Range of Values:

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Average Value
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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
Chakraborty Sayan $390,000 Sun Title Agency Of Michigan
Bechiri Said $2,500,000 None Available
514 Crescent Llc -- None Available
Briggs Denny $161,000 Sun Title Agency Of Mi Llc
Nelson David D $161,900 --
-- -- --
Nelson David D Christine $85,000 --
Nelson David D Christine -- --
-- $61,500 --
-- $56,000 --
-- $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chakraborty Sayan $292,500
Previous Owner Bechiri Said $225,000
Previous Owner Briggs Denny M $135,000
Previous Owner Briggs Denny $165,000
Previous Owner Nelson David D $148,000
Previous Owner Nelson David D $145,710
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $390,000 -4.9% --
08/02/2023 08/02/23 Pending -- -- --
07/16/2023 07/16/23 For Sale $410,000 +64.0% --
10/31/2017 10/31/17 Sold $250,000 0.0% --
09/13/2017 09/13/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $250,000 +53.4% --
06/06/2014 06/06/14 Sold $163,000 -14.2% --
03/28/2014 03/28/14 Pending -- -- --
10/28/2013 10/28/13 For Sale $189,900 -- --
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 $8,257 $174,200 $0 $0
2024 $8,257 $165,500 $0 $0
2023 $5,766 $145,700 $0 $0
2022 $5,480 $125,200 $0 $0
2021 $5,340 $123,600 $0 $0
2020 $5,161 $113,500 $0 $0
2019 $4,384 $106,100 $0 $0
2018 $4,243 $96,700 $0 $0
2017 $4,026 $88,300 $0 $0
2016 $4,046 $75,400 $0 $0
2015 $3,855 $75,400 $0 $0
2013 -- $67,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kellie Kalish

    Engel and Volkers Shoreline - I

  • C

    Buyer's Agent in 2023

    Charles Laufer

    Five Star Real Estate (Ada)

    (616) 328-6869

    3 in this area

    79 Total Sales

    Charles Laufer
    Section Image
  • Joshua Yskes

    Buyer Co-Listing Agent in 2023

    Joshua Yskes

    Five Star Real Estate (Ada)

    (616) 328-6804

    2 in this area

    93 Total Sales

    Joshua Yskes
    Section Image

  • R

    Seller's Agent in 2017

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image
  • William 'Duke' Gray

    Seller Co-Listing Agent in 2017

    William 'Duke' Gray

    EXP Realty (Grand Rapids)

    (616) 862-1713

    87 Total Sales

    William 'Duke' Gray
    Section Image

  • S

    Buyer's Agent in 2017

    Samantha Searl

    Keller Williams GR North (Main)

    (616) 617-3410

    1 in this area

    38 Total Sales

    Samantha Searl
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23025192

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-204-004

Michigan Kent County Grand Rapids 49503 Heritage Hill

514 Crescent St NE, Grand Rapids, MI

This home is located at 514 Crescent St NE, Grand Rapids, MI 49503 since 16 July 2023 and is currently estimated at $433,331. This property was built in 1910. 514 Crescent St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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