NOT LISTED FOR SALE

547 Lyon St NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $332,000 - $362,000

-- Bed
-- Bath
-- Sq Ft
6,229 Sq Ft Lot

Last Sold January 26, 2021

Last sale price $212,000

Est. 63% increase in value since last sale

Current estimated payment $2,449/month

8 Days on Market

Highlights

  • 1 Fireplace
  • 3 Car Garage
  • Level Lot
  • Forced Air Heating System

About This Home

As of January 2021

Opportunity Knocks in this Large 2 unit home in Heritage Hill! Prime location close to everything like restaurants and colleges. Would be a great rental unit investment all fixed up! Home offers 1,789 sq. ft and a 3 car garage. Newer roof approximately 4 years old. Main level has large kitchen, living room, dining room, bedroom/laundry area, full bathroom. Private side entrance to upper plus front door entrance to upper. Private door locks in between units. Upper level has living room, large bedroom with potential walk in closet, another bedroom, large kitchen with eating area and a full bathroom with tub/shower. With some work you will build sweet equity. Selling '' As Is''.

Last Agent to Sell the Property

LuAnn Takens

Keller Williams GR North License #6501320305 Listed on: 11/05/2020

Keller Williams GR North

Co-Listed By

Janell Takens

Keller Williams GR North License #6501423177

Last Buyer's Agent

Lindsay VanDuinen-Scully

RE/MAX Of Grand Rapids License #6501325437

RE/MAX Of Grand Rapids

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,650

Year Built

  • Built in 1890

Lot Details

  • 6,229 Sq Ft Lot
  • Lot Dimensions are 44 x 142
  • Level Lot

Home Design

  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 3 Car Garage
  • Driveway

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,650

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 220000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 44 x 142
  • Lot Size Sq Ft: 6229.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2650.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
Jan 26, 2021
Sold by
Estelle Wendy and Estate Of Dorothy Graham
Bought by
Condon Jeff and Condon Stephanie
Seller's Agent
LuAnn Takens
Keller Williams GR North
Buyer's Agent
Lindsay VanDuinen-Scully
RE/MAX Of Grand Rapids
List Price
$220,000
Sold Price
$212,000
Premium/Discount to List
-$8,000
-3.64%
Current Estimated Value
$345,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,569
Avg. Annual Appreciation
13.18%

Purchase Details

Closed on
Mar 24, 2001
Sold by
Graham Dorothy
Bought by
Graham Dorothy and Graham Michael S

Purchase Details

Closed on
Mar 29, 1994
Sold by
Dahman Dahman M M and Dahman Graham D
Bought by
Graham Dorothy Michael S
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
Condon Jeff $212,000 None Available
Graham Dorothy -- --
Graham Dorothy Michael S $35,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2021 01/26/21 Sold $212,000 -3.6% --
11/13/2020 11/13/20 Pending -- -- --
11/05/2020 11/05/20 For Sale $220,000 -- --
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 $6,286 $149,400 $0 $0
2024 $6,286 $138,600 $0 $0
2023 $6,238 $120,000 $0 $0
2022 $6,010 $115,900 $0 $0
2021 $3,975 $108,800 $0 $0
2020 $2,477 $98,900 $0 $0
2019 $2,594 $89,100 $0 $0
2018 $2,505 $96,000 $0 $0
2017 $2,438 $89,500 $0 $0
2016 $2,468 $79,100 $0 $0
2015 $2,295 $79,100 $0 $0
2013 -- $67,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • LuAnn Takens

    Seller's Agent in 2021

    LuAnn Takens

    Keller Williams GR North

    (616) 690-0869

    1 in this area

    167 Total Sales

    LuAnn Takens
    Section Image
  • Janell Takens

    Seller Co-Listing Agent in 2021

    Janell Takens

    Keller Williams GR North

    (616) 570-7811

    1 in this area

    32 Total Sales

    Janell Takens
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20046352

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-204-037

Michigan Kent County Grand Rapids 49503 Heritage Hill

547 Lyon St NE, Grand Rapids, MI

This home is located at 547 Lyon St NE, Grand Rapids, MI 49503 since 05 November 2020 and is currently estimated at $345,569. This property was built in 1890. 547 Lyon St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori 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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