NOT LISTED FOR SALE

517 Prospect Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $394,000 - $551,000

4 Beds
2 Baths
2,385 Sq Ft
$202/Sq Ft Est. Value

Last Sold June 09, 2021

Last sale price $385,500 $162 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,892/month

4 Days on Market

Highlights

  • Recreation Room
  • Wood Flooring
  • Brick Exterior Construction
  • Traditional Architecture
  • Breakfast Area or Nook
  • 1-minute walk to Mooney Park

About This Home

As of June 2021

This home encompasses every reason why we all love Heritage Hill! Enjoy the carefully preserved original charm and character coupled with fresh and tasteful updates throughout. Original slate and recently refinished hardwood floors welcome you into the bright and open living room with wood-burning fireplace, through the formal dining area, and into the remodeled kitchen. Kitchen boasts beautiful butcher block countertops, farmhouse sink and all new stainless steel appliances. 2 Bedrooms on the main with updated full bath, and additional 2 bedrooms with full bath on the second level. Fresh paint and carpet and modern lighting fixtures throughout. Furnace/AC and water heater new in 2019. This home is move-in ready for the next owners to sit back and unwind under the pergola in the peaceful and spacious backyard. See attached list of complete updates since 2019. Showings to run Friday 5/7 through Sunday 5/9. All offers due by Monday 5/10 at Noon!

Last Agent to Sell the Property

Steven Volkers

Steve Volkers Group - I Listed on: 05/06/2021

Last Buyer's Agent

Sarah Lilly

West Edge Real Estate LLC License #6501370188

West Edge Real Estate LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,543

Year Built

  • Built in 1931

Lot Details

  • 6,752 Sq Ft Lot
  • Lot Dimensions are 45x150
  • Shrub

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Stone

Interior Spaces

  • 2,385 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Breakfast Area or Nook

Bedrooms and Bathrooms

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

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,543

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1931
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45x150
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2385.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 5543.0
  • Tax Info:Zoning3: Res
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Landscape:ShrubsHedges: Yes
  • 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
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • General Property Info:Fireplace: Yes
  • Additional Items:Ceiling Fans: Yes
  • Water Heater:Natural Gas4: Yes
  • General Property Info:SqFt Above Grade: 2385.0
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Flooring:Wood Floor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace Features: Gas Log, Living Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 4
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 2385.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 1115.0
  • Kitchen Features:Breakfast Nook: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes

Exterior Features

  • Construction Materials: Brick, Stone
  • List Price: 359900.0
  • Lot Features: Sidewalk
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes
  • Exterior Material:Stone: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 45x150
  • Lot Size Sq Ft: 6752.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5543.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 9, 2021
Sold by
Amp4 Llc
Bought by
Drummond Kevin and Gyulamiryan Tatevik
Seller's Agent
Steven Volkers
Steve Volkers Group - I
Buyer's Agent
Sarah Lilly
West Edge Real Estate LLC
List Price
$359,900
Sold Price
$385,500
Premium/Discount to List
$25,600
7.11%
Current Estimated Value
$482,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,208
Avg. Annual Appreciation
5.32%
Original Mortgage
$346,950
Outstanding Balance
$314,120
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$168,588

Purchase Details

Closed on
Jul 24, 2019
Sold by
Cole Debbie and Cole Danton
Bought by
Amp4 Llc

Purchase Details

Listed on
Mar 25, 2019
Closed on
May 9, 2019
Sold by
Brown William and Brown Sarah E
Bought by
Cole Debbie and Cole Danton
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Steve Volkers
Five Star Real Estate (M6)
List Price
$255,000
Sold Price
$260,000
Premium/Discount to List
$5,000
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%
Original Mortgage
$208,000
Interest Rate
3.97%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 29, 2015
Sold by
Brown Sarah E
Bought by
Brown William and Brown Sarah E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,525
Interest Rate
3.68%
Mortgage Type
VA

Purchase Details

Closed on
Mar 1, 1994
Sold by
Coz Coz A A and Coz Brown S
Bought by
Brown Sarah E

Purchase Details

Closed on
Feb 22, 1982
Bought by
Brown Sarah E
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
Drummond Kevin $385,500 First American Title Ins Co
Amp4 Llc -- None Available
Cole Debbie $260,000 None Available
Brown William -- Title Source Inc
Brown Sarah E $44,500 --
Brown Sarah E $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drummond Kevin $346,950
Previous Owner Cole Debbie $208,000
Previous Owner Brown William $76,525
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/09/2021 06/09/21 Sold $385,500 +7.1% $162 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $359,900 +38.4% $151 / Sq Ft
05/09/2019 05/09/19 Sold $260,000 +2.0% $109 / Sq Ft View Prior Sale
03/28/2019 03/28/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $255,000 -- $107 / 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 $3,870 $165,900 $0 $0
2024 $3,870 $145,000 $0 $0
2023 $3,926 $126,100 $0 $0
2022 $3,728 $110,700 $0 $0
2021 $5,476 $108,400 $0 $0
2020 $5,336 $103,500 $0 $0
2019 $1,477 $95,000 $0 $0
2018 $1,490 $93,000 $0 $0
2017 $1,454 $84,900 $0 $0
2016 $1,473 $78,300 $0 $0
2015 $1,377 $78,300 $0 $0
2013 -- $70,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steven Volkers

    Steve Volkers Group - I

  • Sarah Lilly

    Buyer's Agent in 2021

    Sarah Lilly

    West Edge Real Estate LLC

    (616) 422-5442

    1 in this area

    174 Total Sales

    Sarah Lilly
    Section Image
  • Diane Griffin

    Seller's Agent in 2019

    Diane Griffin

    Keller Williams GR North (Main)

    (616) 916-5960

    2 in this area

    100 Total Sales

    Diane Griffin
    Section Image
  • Steve Volkers

    Buyer's Agent in 2019

    Steve Volkers

    Five Star Real Estate (M6)

    (616) 717-2179

    2 in this area

    180 Total Sales

    Steve Volkers
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21015814

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-134-024

Michigan Kent County Grand Rapids 49503 Heritage Hill

517 Prospect Ave SE, Grand Rapids, MI

This home is located at 517 Prospect Ave SE, Grand Rapids, MI 49503 since 06 May 2021 and is currently estimated at $482,708, approximately $202 per square foot. This property was built in 1931. 517 Prospect Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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