NOT LISTED FOR SALE

516 Eastern Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $191,000 - $248,000

2 Beds
1 Bath
872 Sq Ft
$247/Sq Ft Est. Value

Last Sold April 13, 2016

Last sale price $55,000 $63 Per Sq Ft

Est. 291% increase in value since last sale

Current estimated payment $1,398/month

31 Days on Market

Highlights

  • Deck
  • Forced Air Heating System
  • Wood Siding
  • Traditional Architecture

About This Home

As of April 2016

This two story home features two bedrooms and one full bath. The upstairs has extra space that could potentially be made into an extra bedroom or space for a den. All information Represented herein is approximated and individual verification is recommended. Information is not guaranteed.

Last Agent to Sell the Property

Michael Balsitis

Bellabay Realty LLC License #6502346774 Listed on: 01/11/2016

Bellabay Realty LLC

Last Buyer's Agent

Gerald Feenstra

RE/MAX of Grand Rapids (Stndl)

RE/MAX of Grand Rapids (Stndl)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1900

Lot Details

  • 6,621 Sq Ft Lot
  • Lot Dimensions are 50 x 132

Home Design

  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • 872 Sq Ft Home
  • 2-Story Property
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 872.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 1453.43
  • Tax Info:Zoning3: Res
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 872.0
  • ResoLivingAreaSource: PublicRecords
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 872.0

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 49900.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Features:Deck(s): Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Heating: Natural Gas
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6621.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1453.43
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2018
Sold by
Feenstra Martin
Bought by
Meyers Lauryn and Verstrate Travis
Current Estimated Value
$214,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$26,379
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$194,779

Purchase Details

Listed on
Jan 11, 2016
Closed on
Apr 12, 2016
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Feenstra Martin
Seller's Agent
Michael Balsitis
Bellabay Realty LLC
Buyer's Agent
Gerald Feenstra
RE/MAX of Grand Rapids (Stndl)
List Price
$49,900
Sold Price
$55,000
Premium/Discount to List
$5,100
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.08%
Original Mortgage
$44,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2015
Sold by
Stusse Toni and Stusse Joseph
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jan 11, 2005
Sold by
Stusse Toni
Bought by
Stusse Joseph and Stusse Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2003
Sold by
Kruisenga Ken
Bought by
Stusse Toni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,500
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 1997
Sold by
Kats Kats K K and Kats Kruisenga K
Bought by
Kruisenga Ken and Stusse Toni Joseph

Purchase Details

Closed on
Sep 12, 1996
Sold by
Kats Est and Kats K
Bought by
Stusse Kats K and Stusse Toni Joseph
Source: Public Records

Range of Values:

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 Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meyers Lauryn $50,000 Chicago Title Of Michigan In
Feenstra Martin $55,000 Attorney
Federal Home Loan Mortgage Corporation $18,633 None Available
Stusse Joseph -- --
Stusse Toni $62,500 --
Kruisenga Ken $24,000 --
Stusse Kats K $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyers Lauryn $40,000
Previous Owner Feenstra Martin Dale $44,000
Previous Owner Stusse Joseph $84,000
Previous Owner Stusse Joseph $80,000
Previous Owner Stusse Toni $62,500
Previous Owner Ullery James D $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2016 04/13/16 Sold $55,000 +10.2% $63 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $49,900 -- $57 / 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 $2,648 $84,600 $0 $0
2024 $2,648 $76,100 $0 $0
2023 $2,531 $67,600 $0 $0
2022 $2,496 $58,100 $0 $0
2021 $2,432 $51,900 $0 $0
2020 $2,351 $48,200 $0 $0
2019 $2,023 $45,100 $0 $0
2018 $2,023 $42,600 $0 $0
2017 $1,973 $32,600 $0 $0
2016 $1,559 $30,400 $0 $0
2015 $1,655 $30,400 $0 $0
2013 -- $29,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Balsitis

    Seller's Agent in 2016

    Michael Balsitis

    Bellabay Realty LLC

    (616) 813-5522

    1 in this area

    36 Total Sales

    Section Image
  • Gerald Feenstra

    Buyer's Agent in 2016

    Gerald Feenstra

    RE/MAX Michigan

    (616) 706-2674

    383 Total Sales

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16001121

Southwestern Michigan Association of REALTORS®

APN: 41-14-20-351-009

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

516 Eastern Ave NE, Grand Rapids, MI

This home is located at 516 Eastern Ave NE, Grand Rapids, MI 49503 since 11 January 2016 and is currently estimated at $214,964, approximately $246 per square foot. This property was built in 1900. 516 Eastern Ave NE is a home located in Kent County with nearby schools including East Leonard Elementary School, 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes