NOT LISTED FOR SALE

520 Henry Ave SE Grand Rapids, MI 49503

Madison Area Neighborhood

Estimated Value: $255,000 - $294,000

4 Beds
2 Baths
-- Sq Ft
6,400 Sq Ft Lot

Last Sold November 24, 2021

Last sale price $212,000

Est. 30% increase in value since last sale

Current estimated payment $1,793/month

5 Days on Market

About This Home

As of November 2021

Fully occupied upper and lower duplex located one block southwest of Wealthy & Eastern, within walking distance of some of the most popular shopping, dining, and entertainment destinations in the city! Featuring two, 2-bedroom units with stackable washer/dryers, recently remodeled kitchens, and spacious living areas. Easy to get rent ready if vacant with a few flooring updates and fresh paint. The lower unit is month-to-month, providing potential for eventual owner occupancy or increased rental rate. This opportunity won't last long!

Offer deadline is Monday, October 11th at 12PM.

Last Agent to Sell the Property

Nicole Larson

Lighthouse Property Management License #6501328546 Listed on: 10/06/2021

Co-Listed By

Erin Duffy Rauch

Lighthouse Property Management License #6501413233

Last Buyer's Agent

Matt Riggs

Five Star Real Estate (Main) License #6501290359

Five Star Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,210

Year Built

  • Built in 1900

Lot Details

  • 6,400 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,210

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 199500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6400.0
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1210.45
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2021
Closed on
Nov 23, 2021
Sold by
Rjc Property Holdings Llc
Bought by
Mastlenko Aleksey
Seller's Agent
Nicole Larson
Lighthouse Property Management
Buyer's Agent
Matt Riggs
Five Star Real Estate (Main)
List Price
$199,500
Sold Price
$212,000
Premium/Discount to List
$12,500
6.27%
Current Estimated Value
$276,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,617
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Jul 31, 2009
Sold by
Mercantile Bank Of Michigan
Bought by
Rjc Property Holdings Llc

Purchase Details

Closed on
May 7, 2008
Sold by
Picket Fence Properties Llc
Bought by
Mercantile Bank Of Michigan

Purchase Details

Closed on
Feb 3, 2004
Sold by
S Ii S Inc
Bought by
Picket Fence Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
5.96%
Mortgage Type
Construction

Purchase Details

Closed on
May 14, 2003
Sold by
Blue Sky Investment Co Llc
Bought by
S2s Inc

Purchase Details

Closed on
Feb 20, 2003
Sold by
Noffke Scott A and Noffke Cathleen
Bought by
Blue Sky Investment Llc

Purchase Details

Closed on
Oct 1, 1996
Sold by
Fleeger Fleeger F F and Fleeger Secord J
Bought by
Secord J and Rjc Property Holdings Llc

Purchase Details

Closed on
Feb 11, 1992
Sold by
Hughes Hughes J J and Hughes Fleeger F
Bought by
Rjc Property Holdings Llc

Purchase Details

Closed on
Jun 25, 1991
Sold by
Flgr Homrich L
Bought by
Rjc Property Holdings Llc

Purchase Details

Closed on
Jun 23, 1990
Sold by
Odlund Odlund D D and Odlund Homrich L
Bought by
Rjc Property Holdings Llc

Purchase Details

Closed on
Mar 7, 1988
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mastlenko Aleksey $212,000 None Available
Rjc Property Holdings Llc $39,000 None Available
Mercantile Bank Of Michigan $49,000 None Available
Picket Fence Properties Llc -- --
S Ii S Inc $31,500 --
S2s Inc -- --
Blue Sky Investment Llc $26,000 --
Secord J $10,000 --
Rjc Property Holdings Llc -- --
Rjc Property Holdings Llc -- --
Rjc Property Holdings Llc $4,000 --
-- $9,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rjc Property Holdings Llc $55,000
Previous Owner Picket Fence Properties Llc $21,736
Previous Owner Picket Fence Properties Llc $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $212,000 +6.3% --
10/11/2021 10/11/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $199,500 -- --
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 $3,185 $85,600 $0 $0
2024 $3,185 $79,000 $0 $0
2023 $3,044 $69,900 $0 $0
2022 $3,002 $57,900 $0 $0
2021 $1,187 $50,400 $0 $0
2020 $1,147 $42,400 $0 $0
2019 $1,174 $34,500 $0 $0
2018 $1,138 $28,600 $0 $0
2017 $1,110 $23,800 $0 $0
2016 $1,116 $20,800 $0 $0
2015 $1,063 $20,800 $0 $0
2013 -- $20,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2021

    Nicole Larson

    Lighthouse Property Management

    (616) 773-0016

    3 in this area

    128 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2021

    Erin Duffy Rauch

    Lighthouse Property Management

    Section Image

  • M

    Buyer's Agent in 2021

    Matt Riggs

    Five Star Real Estate (Main)

    (616) 481-8111

    1 in this area

    26 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21109542

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-233-002

Michigan Kent County Grand Rapids 49503 Madison Area

520 Henry Ave SE, Grand Rapids, MI

This home is located at 520 Henry Ave SE, Grand Rapids, MI 49503 since 06 October 2021 and is currently estimated at $276,617. This property was built in 1900. 520 Henry 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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