NOT LISTED FOR SALE

557 Madison Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $597,000 - $647,000

6 Beds
3.5 Baths
2,632 Sq Ft
$236/Sq Ft Est. Value

Last Sold May 01, 2020

Last sale price $385,000 $146 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,933/month

8 Days on Market

Highlights

  • Maid or Guest Quarters
  • 1 Car Attached Garage
  • Window Unit Cooling System
  • Tudor Architecture
  • Storm Windows
  • 2-minute walk to Pleasant Park

About This Home

As of May 2020

Heritage Hill: 2,682 Sq. Ft. Historic Home With Beautiful Crown Moldings And Hardwood Floors. The Original Front Porch Area Is Now A Small One Bedroom Airbnb which brings in approx 2k per mo per owner., Main Floor Apartment With Separate Entrance, The Main Unit Has A Living Room With Fireplace, Formal Dining Room With Leaded Glass Windows, Den/Music Room, Bright Kitchen And Half Bath. Total Of Four Bedrooms With 3 Baths Up - Two Bedrooms Have A Private Bath. Attic Is Drywalled And Ready To Be Finished. Attached Garage. Total Renovation With All Newer Mechanicals.

Last Agent to Sell the Property

David Jablonski

Five Star Real Estate (M6) License #6501211884 Listed on: 03/17/2020

Five Star Real Estate (M6)

Last Buyer's Agent

Christopher Holt

Five Star Real Estate (Rock) License #6501413993

Five Star Real Estate (Rock)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,385

Year Built

  • Built in 1915

Lot Details

  • 6,321 Sq Ft Lot
  • Lot Dimensions are 43 x 147
  • Property fronts a private road
  • Back Yard Fenced

Parking

  • 1 Car Attached Garage

Home Design

  • Tudor Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,632 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Window Screens
  • Family Room with Fireplace
  • Walk-Out Basement
  • Storm Windows

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms
  • Maid or Guest Quarters

Location

  • Mineral Rights Excluded

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,385

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Tudor
  • Stories: 3
  • Year Built: 1915
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 43 x 147
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 2632.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 4384.72
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 1.0
  • Util Avail at Street:Electric: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Windows:Screens: Yes
  • Heat Type:Radiant: Yes
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • Substructure:Walk Out: Yes
  • Water Heater:Natural Gas4: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Windows:Storms: Yes
  • Additional Items:Guest Quarters: Yes
  • General Property Info:SqFt Above Grade: 2632.0
  • General Property Info Garage YN: Yes
  • Fencing:Fenced Back: Yes
  • Architectural Style:Tudor: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range
  • Interior Amenities: Ceiling Fan(s), Guest Quarters, Pantry
  • Fireplace Features: Family Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 6
  • Main Level Bedrooms: 2
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Walk-Out Access
  • LivingArea: 2632.0
  • Window Features: Storms, Screens
  • General Property Info:Stories2: 3.0
  • Basement Rooms:Total Basement SQFT: 1326.0
  • Appliances Range: Yes
  • Kitchen Features Pantry: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Family: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • Fencing: Fenced Back
  • List Price: 399900.0
  • Road Frontage Type: Private Road
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Attached
  • Parking Features Attached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant
  • Heating: Yes
  • Sewer: Public
  • Utilities: Electricity Available, Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 43 x 147
  • Lot Size Sq Ft: 6321.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4384.72
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Ashdown Jordan and Ashdown Kaley
Bought by
Ashdown Jordan and Ashdown Kaley
Current Estimated Value
$620,235

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 1, 2020
Sold by
Erickson Molly and Erickson Cody
Bought by
Ashdown Jordan and Ashdown Kaley
Seller's Agent
David Jablonski
Five Star Real Estate (M6)
Buyer's Agent
Christopher Holt
Five Star Real Estate (Rock)
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$308,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2016
Sold by
Erickson Molly M
Bought by
Erickson Molly and Erickson Cody

Purchase Details

Listed on
Apr 16, 2015
Closed on
Jun 8, 2015
Sold by
Gebben Tonya L
Bought by
Erickson Molly M
Seller's Agent
David Kirchgessner
Greenridge Realty (EGR)
Buyer's Agent
Scott West
Green Square Properties LLC
List Price
$249,900
Sold Price
$244,000
Premium/Discount to List
-$5,900
-2.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.85%
Original Mortgage
$239,580
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 12, 2007
Sold by
Shea Chris J and Shea Judith E
Bought by
Gebben Tonya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,000
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 1998
Sold by
Dupon Dupon D D and Dupon W
Bought by
Shea Shea C and Shea J

Purchase Details

Closed on
Mar 5, 1998
Bought by
Dupon Dupon D and Dupon W

Purchase Details

Closed on
Aug 27, 1996
Bought by
Dupon Dupon D and Dupon W

Purchase Details

Closed on
Aug 16, 1995
Bought by
Dupon Dupon D and Dupon W

Purchase Details

Closed on
Aug 18, 1994
Sold by
City Dnr and City Gr
Bought by
Gebben Tonya L

Purchase Details

Closed on
May 5, 1992
Sold by
Sledge Sledge J J and Sledge Dnr
Bought by
Gebben Tonya L
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
Ashdown Jordan -- None Listed On Document
Ashdown Jordan $385,000 Star Title Agency Llc
Erickson Molly -- None Available
Erickson Molly M $244,000 Chicago Title
Gebben Tonya L $220,000 Grand Rapids Title
Shea Shea C $155,000 --
Dupon Dupon D -- --
Dupon Dupon D -- --
Dupon Dupon D $33,000 --
Gebben Tonya L -- --
Gebben Tonya L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ashdown Jordan $308,000
Previous Owner Erickson Molly M $239,580
Previous Owner Gebben Tonya L $160,000
Previous Owner Gebben Tonya L $209,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2020 05/01/20 Sold $385,000 -3.7% $146 / Sq Ft
03/25/2020 03/25/20 Pending -- -- --
03/17/2020 03/17/20 For Sale $399,900 +63.9% $152 / Sq Ft
06/08/2015 06/08/15 Sold $244,000 -2.4% $93 / Sq Ft
04/21/2015 04/21/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $249,900 -- $95 / 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 $6,646 $279,700 $0 $0
2024 $6,646 $247,300 $0 $0
2023 $6,743 $218,700 $0 $0
2022 $6,401 $190,100 $0 $0
2021 $6,350 $186,700 $0 $0
2020 $3,923 $176,400 $0 $0
2019 $4,385 $155,000 $0 $0
2018 $4,237 $134,400 $0 $0
2017 $4,126 $110,700 $0 $0
2016 $4,171 $95,300 $0 $0
2015 $3,037 $95,300 $0 $0
2013 -- $86,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Jablonski

    Five Star Real Estate (M6)

    (616) 460-2500

    48 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    Christopher Holt

    Five Star Real Estate (Rock)

    Section Image

  • D

    Seller's Agent in 2015

    David Kirchgessner

    Greenridge Realty (EGR)

    (616) 617-4644

    2 in this area

    71 Total Sales

    Section Image
  • Scott West

    Buyer's Agent in 2015

    Scott West

    Green Square Properties LLC

    (616) 550-4016

    265 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20010311

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-135-028

Michigan Kent County Grand Rapids 49503 Heritage Hill

557 Madison Ave SE, Grand Rapids, MI

This home is located at 557 Madison Ave SE, Grand Rapids, MI 49503 since 17 March 2020 and is currently estimated at $620,235, approximately $235 per square foot. This property was built in 1915. 557 Madison 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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