NOT LISTED FOR SALE

551 Cambridge Blvd SE Grand Rapids, MI 49506

Estimated Value: $1,338,000 - $1,755,000

4 Beds
4 Baths
4,478 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 25, 2019

Last sale price $860,000 $192 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $9,388/month

81 Days on Market

Highlights

  • Living Room with Fireplace
  • Recreation Room
  • Corner Lot: Yes
  • East Grand Rapids High School Rated A
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of July 2019

551 Cambridge Blvd is a rare opportunity to own a truly grand and historic home, situated on one of the most highly regarded streets in East Grand Rapids. Walk to Eastown, Gaslight Village and EGR schools with ease. The home and property have been meticulously maintained, intelligently upgraded and expanded, keeping with the 1918 architecture while incorporating modern essentials. Enjoy all that this 4 bed, 2 full and 2 half bath residence has to offer; the typical obstacles that can come with a historic home have already been overcome here. Major upgrades in 2013 included: all new electrical, family rm addition, kitchen expansion with spacious pantry, remodeled dining rm, office, master bdrm, added a walk-in closet and 2nd floor laundry, plumbing upgrades, new AC unit and attic fan... In 2014, the front and backyard were professionally landscaped and the patio was poured, creating a comfortable outdoor living space. This property features heated floors in the family room, kitchen and master bathroom, a lovely sunroom, office with built-in desks, 3 fireplaces (2 gas and 1 wood burning), a partially finished basement, and a heated, attached 2-stall garage. See photos, video and the attached feature sheet for more details. Schedule your private showing today! http://551cambridgeblvdse.relahq.com/

Last Agent to Sell the Property

Diane Griffin

Keller Williams GR North (Main) License #6502361836 Listed on: 03/28/2019

Keller Williams GR North (Main)

Last Buyer's Agent

Steve Volkers

Five Star Real Estate (M6) License #6502426272

Five Star Real Estate (M6)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,821

Year Built

  • Built in 1918

Lot Details

  • 0.29 Acre Lot
  • Shrub
  • Corner Lot: Yes
  • Sprinkler System
  • Back Yard Fenced

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area
  • Recreation Room
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Available
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,821

Year Built

Built in 1918

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 2
  • Year Built: 1918
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100*126
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 4478.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 16820.57
  • Tax Info:Zoning3: Res
  • Roofing:Composition: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 3.0
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • General Property Info:Fireplace: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Hot Water: Yes
  • Appliances Microwave: Yes
  • Landscape:Underground Sprinkler: Yes
  • General Property Info:SqFt Above Grade: 3992.0
  • General Property Info Garage YN: Yes
  • Flooring:Wood Floor: Yes
  • Fencing:Fenced Back: Yes
  • Flooring:Ceramic Floor: Yes
  • Security Features:Security System: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Garage Door Opener, Center Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Bedroom, Gas Log, Living Room, Wood Burning, Other
  • Fireplace: Yes
  • Fireplaces: 3
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 4
  • Basement: Full
  • LivingArea: 4478.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Half Baths: 1
  • Basement Rooms:Basement Finished SQFT: 486.0
  • Basement Rooms:Total Basement SQFT: 1112.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Fireplace:Wood Burning: Yes
  • Fireplace:Other Bedroom: Yes
  • Below Grade Sq Ft: 486.0

Exterior Features

  • Construction Materials: Brick, Stucco
  • Fencing: Fenced Back
  • List Price: 899900.0
  • Lot Features: Corner Lot, Sidewalk
  • Patio and Porch Features: Patio
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes
  • Exterior Material:Stucco: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Security Features: Security System
  • Sewer: Public
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Phone Connected, Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Dimensions: 100*126
  • Lot Size Sq Ft: 12589.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 16820.57
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2019
Closed on
Jul 25, 2019
Sold by
Busch Richard B and Thompson Busch Angela K
Bought by
Hill David C and Kidd Elizabeth
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Steve Volkers
Five Star Real Estate (M6)
List Price
$938,000
Sold Price
$860,000
Premium/Discount to List
-$78,000
-8.32%
Current Estimated Value
$1,460,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$600,403
Avg. Annual Appreciation
8.93%
Original Mortgage
$688,000
Outstanding Balance
$602,501
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$857,902

Purchase Details

Listed on
Aug 3, 2012
Closed on
Oct 31, 2012
Sold by
Braseth Frederick G and Braseth Deborah T
Bought by
Thompson Busch Angela K and Busch Richard B
Seller's Agent
Brad Ditmar
Keller Williams GR East
Buyer's Agent
Katie Karczewski
Keller Williams GR East
List Price
$479,000
Sold Price
$450,000
Premium/Discount to List
-$29,000
-6.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$450,000
Interest Rate
3.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1987
Bought by
Braseth Fredrick G and Busch Richard,Thompson-Busch A
Source: Public Records

Range of Values:

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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
Hill David C -- None Available
Thompson Busch Angela K $450,000 Grand Rapids Title Co Llc
Braseth Fredrick G $120,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill David C $688,000
Previous Owner Thompson Busch Angela K $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2019 07/25/19 Sold $860,000 -8.3% $192 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
03/28/2019 03/28/19 For Sale $938,000 +108.4% $209 / Sq Ft
10/31/2012 10/31/12 Sold $450,000 -6.1% $140 / Sq Ft
08/23/2012 08/23/12 Pending -- -- --
08/03/2012 08/03/12 For Sale $479,000 -- $150 / 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 $19,744 $629,800 $0 $0
2024 $19,744 $546,900 $0 $0
2023 $18,465 $442,400 $0 $0
2022 $18,866 $407,800 $0 $0
2021 $18,387 $392,100 $0 $0
2020 $17,111 $376,700 $0 $0
2019 $17,093 $361,600 $0 $0
2018 $16,821 $365,200 $0 $0
2017 $16,549 $352,200 $0 $0
2016 $16,201 $337,200 $0 $0
2015 -- $337,200 $0 $0
2013 -- $263,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19011363

Southwestern Michigan Association of REALTORS®

APN: 41-14-33-108-009