517 Prospect Ave SE Grand Rapids, MI 49503
Heritage Hill NeighborhoodEstimated Value: $405,000 - $502,000
4
Beds
2
Baths
2,385
Sq Ft
$196/Sq Ft
Est. Value
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 2021This 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
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
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
List Price
$359,900
Sold Price
$385,500
Premium/Discount to List
$25,600
7.11%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,844
Avg. Annual Appreciation
4.84%
Original Mortgage
$346,950
Outstanding Balance
$316,165
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$150,179
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
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
10.02%
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
Similar Homes in Grand Rapids, MI
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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
Average Home Value in this Area
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 Sarah E | $10,000 | |
| Previous Owner | Brown William | $76,525 | |
| Previous Owner | Brown William R | $82,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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
(616) 422-5442
1 in this area
214 Total Sales
-
Diane Griffin
Seller's Agent in 2019
Diane Griffin
Keller Williams GR North
(616) 916-5960
2 in this area
104 Total Sales
-
Steve Volkers
Buyer's Agent in 2019
Steve Volkers
Five Star Real Estate (M6)
(616) 717-2179
2 in this area
198 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 21015814
APN: 41-14-31-134-024
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