$280,000
SOLD AUG 22, 2024

555 Walnut St NE Grand Rapids, MI 49503

-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Recently Sold

6% Above List Price

5 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of August 2024

Charming Updated Duplex on a Spacious Corner Lot in a Quiet NE Neighborhood
This beautifully maintained 2-unit property offers an ideal owner-occupant opportunity or a solid investment. The front unit, with a large kitchen, inviting 3-seasons porch, two spacious bedrooms, and hardwood floors, feels like a standalone home. The back unit is a private 1-bedroom apartment with views of the corner lot and backyard. Both units are freshly painted, with new carpet, main floor laundry, and separate gas/electric meters. With newer furnaces (2017) and a newer flat roof in the back of property, plus estimated rents of $1700 and $1300, this property is a must-see. Offer deadline Tuesday 8/6/24 @8p. Call/text today to schedule your showing!

Last Agent to Sell the Property

David (josh) Wiser

Keller Williams GR North License #6501410880 Listed on: 08/02/2024

Keller Williams GR North

Last Buyer's Agent

Tom Zandee

Five Star Real Estate (M6) License #6501257930

Five Star Real Estate (M6)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,019

Year Built

  • Built in 1875

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Laundry on main level

Basement

  • Michigan Basement
  • Partial Basement
  • Crawl Space

Parking

  • 2 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,019

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Michigan Basement, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 264900.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Main Level
  • Sewer: Public Sewer
  • Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2019.31
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Aug 22, 2024
Sold by
Aardema Lisa K
Bought by
Vanderwell Ron and Vanderwell Deb
Seller's Agent
David (josh) Wiser
Keller Williams GR North
Buyer's Agent
Tom Zandee
Five Star Real Estate (M6)
List Price
$264,900
Sold Price
$280,000
Premium/Discount to List
$15,100
5.7%
Total Days on Market
5
Views
24
Current Estimated Value
$281,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,163
Avg. Annual Appreciation
0.53%
Original Mortgage
$224,000
Outstanding Balance
$222,732
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$58,431

Purchase Details

Closed on
Jul 15, 2005
Sold by
Curtiss Eric
Bought by
Aardema Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,050
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2003
Sold by
Hud
Bought by
Curtiss Eric

Purchase Details

Closed on
Dec 3, 2002
Sold by
Mortgage Electronic Registration Systems
Bought by
Hud

Purchase Details

Closed on
Nov 21, 2000
Sold by
Jhnsn Jhnsn M M and Jhnsn Hlbrk C
Bought by
Aardema Hlbrk C and Aardema Lisa

Purchase Details

Closed on
Jul 21, 1993
Sold by
Ward Ward R R and Ward Johnson M
Bought by
Aardema Lisa

Purchase Details

Closed on
Jul 20, 1993

Purchase Details

Closed on
Jul 19, 1993

Purchase Details

Closed on
Oct 9, 1987

Purchase Details

Closed on
Jun 26, 1987
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 Type Sale Price Title Company
Warranty Deed $280,000 None Listed On Document
Warranty Deed $99,000 Metropolitan Title Company
Deed $36,000 --
Warranty Deed -- --
Warranty Deed $64,000 --
Deed $38,000 --
Warranty Deed $33,500 --
Warranty Deed $19,800 --
Deed $33,500 --
Deed $12,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 New Conventional
Closed $225,000 Construction
Previous Owner $80,000 Credit Line Revolving
Previous Owner $94,050 Commercial
Previous Owner $50,208 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2024 08/22/24 Sold $280,000 +5.7% --
08/07/2024 08/07/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $264,900 -- --
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
2024 $2,013 $100,900 $0 $0
2023 $1,924 $87,000 $0 $0
2022 $1,898 $76,400 $0 $0
2021 $1,849 $68,300 $0 $0
2020 $1,787 $61,500 $0 $0
2019 $1,830 $53,000 $0 $0
2018 $1,774 $42,100 $0 $0
2017 $1,730 $36,700 $0 $0
2016 $1,739 $33,500 $0 $0
2015 $1,657 $33,500 $0 $0
2013 -- $35,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David (josh) Wiser

    Seller's Agent in 2024

    David (josh) Wiser

    Keller Williams GR North

    (616) 780-9964

    197 Total Sales

    David (josh) Wiser
    Section Image

  • T

    Buyer's Agent in 2024

    Tom Zandee

    Five Star Real Estate (M6)

    (616) 915-8160

    240 Total Sales

    Tom Zandee
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24040125

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-252-013

Michigan Kent County Grand Rapids 49503

555 Walnut St NE, Grand Rapids, MI

This home is located at 555 Walnut St NE, Grand Rapids, MI 49503 and is currently priced at $280,000. This property was built in 1875. 555 Walnut 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.
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