NOT LISTED FOR SALE

521 Cedar St NE Grand Rapids, MI 49503

Estimated Value: $437,000 - $658,000

2 Beds
8 Baths
-- Sq Ft
0.39 Acres

Last Sold March 07, 2014

Last sale price $166,000

Est. 247% increase in value since last sale

Current estimated payment $3,658/month

88 Days on Market

About This Home

As of March 2014

Prime location - very close to Medical Hill and downtown Grand Rapids, schools, shopping. Superb rental history. Hard to find 4 unit

Last Agent to Sell the Property

Howie Boeve

BP Realty License #6502410294 Listed on: 11/22/2013

Last Buyer's Agent

Jeffrey Anderson

Keller Williams GR North (Main) License #6502390491

Keller Williams GR North (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,597

Year Built

  • Built in 1986

Lot Details

  • 0.39 Acre Lot

Parking

  • 6 Parking Spaces

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,597

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 179900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Sq Ft: 16988.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3597.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2019
Sold by
Koal Development Llc
Bought by
Plan B Cedargr Llc
Current Estimated Value
$576,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$967,236
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
-$453,877

Purchase Details

Closed on
Dec 2, 2016
Sold by
521 Cedar Llc
Bought by
Koal Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2015
Sold by
Re Ventures Llc
Bought by
521 Cedar Street Llc

Purchase Details

Listed on
Nov 22, 2013
Closed on
Mar 7, 2014
Sold by
Bakhuyzen Dirk and Bakhuyzen Phyllis
Bought by
Re Ventures Llc
Seller's Agent
Howie Boeve
BP Realty
Buyer's Agent
Jeffrey Anderson
Keller Williams GR North (Main)
List Price
$189,900
Sold Price
$166,000
Premium/Discount to List
-$23,900
-12.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.25%
Original Mortgage
$123,375
Interest Rate
4.41%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 2005
Sold by
Towsley Charles
Bought by
Bakhuyzen Dirk and Bakhuyzen Phyllis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.93%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 29, 1999
Sold by
Crvn and Crvn Shp
Bought by
Re Towsley C and Re Ventures Llc

Purchase Details

Closed on
Jul 20, 1992
Sold by
Craven Craven
Bought by
Re Ventures Llc Et Al

Purchase Details

Closed on
Dec 31, 1986

Purchase Details

Closed on
Jul 17, 1986
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
Plan B Cedargr Llc -- Sun Title Agency Of Mi Llc
Koal Development Llc $185,000 None Available
521 Cedar Street Llc -- Attorney
Re Ventures Llc $166,000 None Available
Bakhuyzen Dirk $210,000 --
Re Towsley C $125,000 --
Re Ventures Llc Et Al -- --
-- $123,000 --
-- $12,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Plan B Cedargr Llc $1,100,000
Previous Owner Koal Development Llc $150,000
Previous Owner Bakhuyzen Dirk $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2014 03/07/14 Sold $166,000 -12.6% --
02/18/2014 02/18/14 Pending -- -- --
11/22/2013 11/22/13 For Sale $189,900 -- --
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 $7,199 $215,300 $0 $0
2024 $7,199 $156,800 $0 $0
2023 $7,141 $156,800 $0 $0
2022 $6,787 $136,300 $0 $0
2021 $6,612 $126,700 $0 $0
2020 $6,742 $126,700 $0 $0
2019 $4,954 $100,600 $0 $0
2018 $4,954 $95,300 $0 $0
2017 $4,833 $86,400 $0 $0
2016 $4,464 $83,200 $0 $0
2015 $4,253 $83,200 $0 $0
2013 -- $72,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Howie Boeve

    Seller's Agent in 2014

    Howie Boeve

    BP Realty

    (616) 379-9350

    86 Total Sales

    Howie Boeve
    Section Image

  • J

    Buyer's Agent in 2014

    Jeffrey Anderson

    Keller Williams GR North (Main)

    (616) 485-4749

    5 Total Sales

    Jeffrey Anderson
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13066159

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-206-025

Michigan Kent County Grand Rapids 49503

521 Cedar St NE, Grand Rapids, MI

This home is located at 521 Cedar St NE, Grand Rapids, MI 49503 since 22 November 2013 and is currently estimated at $576,751. This property was built in 1986. 521 Cedar St 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