NOT LISTED FOR SALE

557 Crescent St NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $707,165

-- Bed
-- Bath
-- Sq Ft
8,929 Sq Ft Lot

Last Sold March 03, 2017

Last sale price $375,000

Est. 89% increase in value since last sale

Current estimated payment $4,183/month

32 Days on Market

About This Home

As of March 2017

Grand Rapids real estate. Fantastic opportunity for a live-work space in Heritage Hill! This property has a wide open commercial office/storefront on the bottom level with a 2 bd, 1 ba apartment upstairs. Newer windows (2013) that span two sides of the main floor let in abundant natural light. The main floor also boasts two additional rooms and a half bath. The charming 2 bd apartment has a generous living room, eating area and large kitchen, full bath, and plenty of closet space. A full basement, five parking spaces and a large yard round out this property. Schedule your appointment for a tour today!

Last Agent to Sell the Property

Diane Griffin

Keller Williams GR North (Main) License #6502361836 Listed on: 11/03/2016

Keller Williams GR North (Main)

Last Buyer's Agent

Ross Bacon

RE/MAX of Grand Rapids (FH) License #6501381489

RE/MAX of Grand Rapids (FH)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,618

Year Built

  • Built in 1940

Lot Details

  • 8,929 Sq Ft Lot
  • Corner Lot: Yes

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 5 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,618

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 72*120
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2618.25
  • Tax Info:Zoning3: COMMIMP
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 375000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 8929.0
  • Zoning Description: COMMIMP
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2618.25
  • Tax Year: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2017
Sold by
City Lights Gr Llc
Bought by
Crescent Union Llc
Current Estimated Value
$707,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Outstanding Balance
$268,781
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$454,934

Purchase Details

Listed on
Nov 3, 2016
Closed on
Mar 3, 2017
Sold by
557 Crescent Llc
Bought by
City Lights Gr Llc
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Ross Bacon
RE/MAX of Grand Rapids (FH)
List Price
$375,000
Sold Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.10%

Purchase Details

Listed on
Aug 28, 2012
Closed on
Oct 29, 2012
Sold by
Bomers Deanne M
Bought by
557 Crescent Llc
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Diane Griffin
Keller Williams GR North (Main)
List Price
$223,600
Sold Price
$216,600
Premium/Discount to List
-$7,000
-3.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.45%

Purchase Details

Closed on
Nov 1, 2000
Bought by
Bomers D and 557 Crescent Llc

Purchase Details

Closed on
Apr 28, 2000
Sold by
Lgdn Wnd
Bought by
Crtny and 557 Crescent Llc

Purchase Details

Closed on
May 14, 1998
Sold by
Lgnd Schlsngr L and Lgnd Wnd
Bought by
Lgnd Wnd and 557 Crescent Llc

Purchase Details

Closed on
May 7, 1998
Sold by
Schsngr Schsngr L L and Schsngr Parks S
Bought by
Parks S and 557 Crescent Llc

Purchase Details

Closed on
Apr 8, 1998
Sold by
Legend Parks and Legend Wnd Inv
Bought by
Legend Wnd Inv and 557 Crescent Llc

Purchase Details

Closed on
Mar 2, 1998
Sold by
Mcnghtn Mcnghtn W W and Mcnghtn Schlsngr L
Bought by
557 Crescent Llc

Purchase Details

Closed on
Aug 28, 1997
Sold by
Mcnghtn Mcnghtn L L and Mcnghtn W
Bought by
557 Crescent Llc

Purchase Details

Closed on
Aug 21, 1995
Sold by
Mcnaugton Mcnaugton W W and Mcnaugton Schlesin
Bought by
Schlesin and 557 Crescent Llc
Source: Public Records

Range of Values:

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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
Crescent Union Llc -- First American Title Insu Co
City Lights Gr Llc $348,000 None Available
557 Crescent Llc $216,600 Multiple
Bomers D $182,000 --
Crtny $165,000 --
Lgnd Wnd -- --
Parks S $80,000 --
Legend Wnd Inv -- --
557 Crescent Llc -- --
557 Crescent Llc -- --
Schlesin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crescent Union Llc $318,750
Previous Owner Borners Deanne M $118,455
Closed 557 Crescent Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $375,000 0.0% --
12/05/2016 12/05/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $375,000 +73.1% --
10/29/2012 10/29/12 Sold $216,600 -3.1% $93 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $223,600 -- $96 / 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 $3,728 $146,500 $0 $0
2024 $3,728 $145,900 $0 $0
2023 $3,698 $139,900 $0 $0
2022 $3,514 $137,800 $0 $0
2021 $131 $113,900 $0 $0
2020 $3,310 $94,600 $0 $0
2019 $3,389 $63,500 $0 $0
2018 $3,814 $72,000 $0 $0
2017 $2,696 $59,700 $0 $0
2016 $2,709 $52,500 $0 $0
2015 $2,581 $52,500 $0 $0
2013 -- $49,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diane Griffin

    Seller's Agent in 2017

    Diane Griffin

    Keller Williams GR North (Main)

    (616) 916-5960

    4 in this area

    103 Total Sales

    Section Image
  • Ross Bacon

    Buyer's Agent in 2017

    Ross Bacon

    RE/MAX Michigan

    (616) 957-0700

    4 in this area

    131 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16055536

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-202-038

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

557 Crescent St NE, Grand Rapids, MI

This home is located at 557 Crescent St NE, Grand Rapids, MI 49503 since 03 November 2016 and is currently estimated at $707,165. This property was built in 1940. 557 Crescent 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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