NOT LISTED FOR SALE

550 Cass Ave SE Grand Rapids, MI 49503

Southeast Community Association Neighborhood

Estimated Value: $258,000 - $280,000

3 Beds
1.5 Baths
1,166 Sq Ft
$231/Sq Ft Est. Value

Last Sold December 22, 2016

Last sale price $71,000 $61 Per Sq Ft

Est. 280% increase in value since last sale

Current estimated payment $1,628/month

24 Days on Market

Highlights

  • Recreation Room
  • Living Room
  • Forced Air Heating System
  • Traditional Architecture
  • Snack Bar or Counter
  • Dining Area

About This Home

As of December 2016

20 year old 2-story on the end of a cul-de-sac with similar homes. Backs up to Heritage Commons. Great lot and clean basement! Home has a great floor plan. Needs paint+carpet+repairs. Great profit potential or sweat equity. See MLS for required docs. Seller will not respond to offers until the home has been on the market for 20 days. Offers must include a written renovation plan, written statement regarding the ability of the buyer to complete the renovations, and POF for purchase plus the renovations. See attached addendums. These are required to be completely filled out with any offer submitted. POF for Purchase and Renovation is REQUIRED with ALL OFFERS. See agent remarks for additional restrictions. Attached Code Violations (if any) must be addressed in renovation plan.

Last Agent to Sell the Property

Randy Charboneau

Independence Realty (RSC) License #6506045903 Listed on: 10/22/2016

Last Buyer's Agent

Mitchell Ward

Bellabay Realty LLC

Bellabay Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,472

Year Built

  • Built in 1996

Lot Details

  • 6,970 Sq Ft Lot
  • Property is zoned LDR, LDR

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,166 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

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

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,472

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1996
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 31x113x97x112 apx
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1166.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1472.15
  • Tax Info:Zoning3: LDR
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Windows:Insulated Windows: Yes
  • General Property Info:Fireplace: No
  • Water Heater:Natural Gas4: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1166.0
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1166.0
  • Window Features: Insulated Windows
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 583.0
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 50000.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 31x113x97x112 apx
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1472.15
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2017
Sold by
Cf Home Solutions Llc
Bought by
Lanctot Olivia
Current Estimated Value
$269,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,070
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2016
Closed on
Dec 22, 2016
Sold by
Allon David C
Bought by
Cf Home Solutions Llc
Seller's Agent
Randy Charboneau
Independence Realty (RSC)
Buyer's Agent
Mitchell Ward
Bellabay Realty LLC
List Price
$50,000
Sold Price
$71,000
Premium/Discount to List
$21,000
42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.99%

Purchase Details

Closed on
Jul 11, 2016
Sold by
Parrish Kenneth D
Bought by
The City Of Grand Rapids

Purchase Details

Closed on
Jul 6, 2016
Sold by
City Of Grand Rapids
Bought by
Kent County Land Bank Authority

Purchase Details

Closed on
May 5, 2010
Sold by
Pinkley Yvette
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Oct 8, 1997
Sold by
Hbt Hmty and Hbt Pinkley Y
Bought by
Pinkley Pinkley Y and Pinkley Yvette

Purchase Details

Closed on
Apr 27, 1997
Sold by
Grace Fndtn and Hum Hab
Bought by
Hab Hum and Pinkley Yvette

Purchase Details

Closed on
Mar 31, 1997
Bought by
Grace Fndtn and Pinkley Yvette
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
Lanctot Olivia $135,000 None Available
Cf Home Solutions Llc $71,000 Sun Title Agency Of Michigan
The City Of Grand Rapids $405,636 None Available
Kent County Land Bank Authority $405,636 None Available
Wells Fargo Bank National Association $96,576 None Available
Pinkley Pinkley Y $40,000 --
Hab Hum -- --
Grace Fndtn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lancolt Olivia $132,000
Closed Lanctot Olivia $127,070
Previous Owner Pinkley Yvette $75,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2016 12/22/16 Sold $71,000 +42.0% $61 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
10/22/2016 10/22/16 For Sale $50,000 -- $43 / 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 $1,918 $107,800 $0 $0
2024 $1,918 $101,200 $0 $0
2023 $1,946 $89,700 $0 $0
2022 $1,847 $84,600 $0 $0
2021 $1,806 $67,900 $0 $0
2020 $1,727 $55,200 $0 $0
2019 $1,809 $56,100 $0 $0
2018 $1,747 $50,200 $0 $0
2017 $1,639 $46,900 $0 $0
2016 $1,506 $44,700 $0 $0
2015 $1,401 $44,700 $0 $0
2013 -- $41,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Charboneau

    Seller's Agent in 2016

    Randy Charboneau

    Independence Realty (RSC)

    (616) 262-0001

    4 in this area

    95 Total Sales

    Randy Charboneau
    Section Image

  • M

    Buyer's Agent in 2016

    Mitchell Ward

    Bellabay Realty LLC

    (616) 240-8511

    50 Total Sales

    Mitchell Ward
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16053818

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-132-057

Michigan Kent County Grand Rapids 49503 Southeast Community Association

550 Cass Ave SE, Grand Rapids, MI

This home is located at 550 Cass Ave SE, Grand Rapids, MI 49503 since 22 October 2016 and is currently estimated at $269,520, approximately $231 per square foot. This property was built in 1996. 550 Cass 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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