NOT LISTED FOR SALE

514 Lyon St NE Unit 2 Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $302,000 - $369,000

1 Bed
1 Bath
970 Sq Ft
1910 Built

Last Sold April 07, 2017

Last sale price $190,500 $196 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,220/month

2 Days on Market

Highlights

  • Recreation Room
  • Forced Air Heating and Cooling System
  • Dining Area
  • Living Room

About This Home

As of April 2017

Welcome to 514 Lyon in the El Dorado Condominium Community! Located in the Upper Hill neighborhood of Heritage Hill in downtown Grand Rapids. Martha's Vineyard and Nantucket Bakery are right outside your door. Medical Mile and central downtown are within a mile from your new home.

Last Agent to Sell the Property

Steven Volkers

Berkshire Hathaway HomeServices Michigan Real Estate Listed on: 03/03/2017

Last Buyer's Agent

Lori OBrien

Coldwell Banker Schmidt Realtors License #6501384995

Coldwell Banker Schmidt Realtors

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,362

Year Built

  • Built in 1910

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 970 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • Property has a Home Owners Association
  • El Dorado Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,362

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1910
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • 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: 970.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 2362.0
  • Tax Info:Zoning3: RES Improved
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • General Property Info:Condo Proj Name: EL DORADO
  • General Property Info:Entry Type: Common
  • General Property Info:Pets YN: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 970.0
  • ResoLivingAreaSource: PublicRecords
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 185000.0
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes

Condo/Co-op/Association

  • Association Amenities: Pets Allowed
  • Association Fee: 125.0
  • Association Fee Frequency: Other
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 125.0
  • Association Info:Assoc Buy in Fee: N/A
  • Association Info:Assoc Fee Payable: Other
  • General Property Info:Association Contact: N/A
  • Assoc Amenities:Pets Allowed2: Yes

Lot Info

  • Zoning Description: RES Improved
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2362.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2017
Closed on
Apr 7, 2017
Sold by
Gallinari Lisa J
Bought by
Bieri Lindsey and Brien Andrew O
Seller's Agent
Steven Volkers
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Lori OBrien
Coldwell Banker Schmidt Realtors
List Price
$185,000
Sold Price
$190,500
Premium/Discount to List
$5,500
2.97%
Current Estimated Value
$336,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,900
Avg. Annual Appreciation
6.93%
Original Mortgage
$152,400
Outstanding Balance
$78,631
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$257,769

Purchase Details

Closed on
Jun 2, 2008
Sold by
Cannon Enterprises Llc
Bought by
Gallinari Lisa J

Purchase Details

Closed on
Nov 26, 2007
Sold by
Cannon Enterprises Llc
Bought by
Gallinari Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,100
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
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
Bieri Lindsey $190,500 Title Resource Agency
Gallinari Lisa J $173,900 None Available
Gallinari Lisa J $173,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bieri Lindsey $152,400
Previous Owner Gallinari Lisa J $139,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $190,500 +3.0% $196 / Sq Ft
03/05/2017 03/05/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $185,000 -- $191 / 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 $5,230 $147,800 $0 $0
2024 $5,230 $127,500 $0 $0
2023 $5,188 $127,000 $0 $0
2022 $4,931 $106,700 $0 $0
2021 $3,131 $106,700 $0 $0
2020 $2,993 $106,700 $0 $0
2019 $3,027 $100,300 $0 $0
2018 $3,027 $87,000 $0 $0
2017 $2,334 $71,500 $0 $0
2016 $2,363 $66,700 $0 $0
2015 $2,197 $66,700 $0 $0
2013 -- $64,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steven Volkers

    Berkshire Hathaway HomeServices Michigan Real Estate

  • L

    Buyer's Agent in 2017

    Lori OBrien

    Coldwell Banker Schmidt Realtors

    (616) 822-8202

    43 Total Sales

    Lori OBrien
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17008501

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-257-004

Michigan Kent County Grand Rapids 49503 Heritage Hill

514 Lyon St NE Unit 2, Grand Rapids, MI

This home is located at 514 Lyon St NE Unit 2, Grand Rapids, MI 49503 since 03 March 2017 and is currently estimated at $336,400, approximately $346 per square foot. This property was built in 1910. 514 Lyon St NE Unit 2 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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