NOT LISTED FOR SALE

587 Sheldon Ave SE Grand Rapids, MI 49503

Southeast Community Association Neighborhood

Estimated Value: $390,784 - $509,000

5 Beds
2 Baths
3,066 Sq Ft
$142/Sq Ft Est. Value

Last Sold February 13, 2014

Last sale price $20,000 $7 Per Sq Ft

Est. 1,822% increase in value since last sale

Current estimated payment $2,122/month

74 Days on Market

About This Home

As of February 2014

Opportunity in SE Grand Rapids. Exterior of home has been completely updated within the last five years. New roof, siding and replacement windows. Detached garage. Located near the Grand Rapids University Preparatory School and not far from Downtown amenities, goods and services, and all major highways. Interior needs work from top to bottom, but could be a gem when completed. Tons of floor space, fireplaces, bay windows, are some of the features. Can be an investment opportunity or serve a large family. Community garden two doors down. Property to be sold as-is.

Last Agent to Sell the Property

Steven Elder

Coldwell Banker Schmidt Realtors Listed on: 11/15/2013

Coldwell Banker Schmidt Realtors

Last Buyer's Agent

Steven Elder

Coldwell Banker Schmidt Realtors Listed on: 11/15/2013

Coldwell Banker Schmidt Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1880

Lot Details

  • 6,027 Sq Ft Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,066 Sq Ft Home
  • Michigan Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1880
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 3066.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 24900.0
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Garage: Yes

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6027.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2026
Sold by
Edwards Arlene
Bought by
Arlene Edwards Living Trust
Current Estimated Value
$384,356

Purchase Details

Listed on
Nov 15, 2013
Closed on
Feb 7, 2014
Sold by
Spartan Equities High Yield Fund I Llc
Bought by
Edwards Arlene
Seller's Agent
Steven Elder
Coldwell Banker Schmidt Realtors
Buyer's Agent
Steven Elder
Coldwell Banker Schmidt Realtors
List Price
$29,900
Sold Price
$20,000
Premium/Discount to List
-$9,900
-33.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.18%

Purchase Details

Closed on
Sep 11, 2013
Sold by
Mcnairy Mildred
Bought by
Spartan Equities High Yield Fund 1 Llc

Purchase Details

Closed on
Jul 29, 2004
Sold by
Mcnairy Mildred
Bought by
Mcnairy Mildred and Mcnairy Shawndricka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2004
Sold by
Mcnairy Mildred and Mcnairy Shawndricka
Bought by
Mcnairy Mildred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1998
Sold by
Mcnry Mcnry M M and Mcnry M
Bought by
Edwards Arlene
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Arlene Edwards Living Trust -- None Listed On Document
Edwards Arlene $20,000 Continental Title Agency Llc
Spartan Equities High Yield Fund 1 Llc $45,000 None Available
Mcnairy Mildred -- --
Mcnairy Mildred -- --
Edwards Arlene -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnairy Mildred $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2014 02/13/14 Sold $20,000 -33.1% $7 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $29,900 -- $10 / Sq Ft
Source: MichRIC

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 $1,512 $186,600 $0 $0
2024 $15 $130,700 $0 $0
2023 $1,534 $100,700 $0 $0
2022 $1,370 $87,700 $0 $0
2021 $1,424 $83,200 $0 $0
2020 $1,361 $69,200 $0 $0
2019 $1,426 $56,900 $0 $0
2018 $1,377 $54,600 $0 $0
2017 $1,340 $51,300 $0 $0
2016 $1,357 $38,300 $0 $0
2015 $1,958 $38,300 $0 $0
2013 -- $36,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steven Elder

    Coldwell Banker Schmidt Realtors

    (616) 558-2332

    53 Total Sales

    Steven Elder
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Map

Source: MichRIC

MLS Number: 13065204

MichRIC

APN: 41-14-31-108-023

Michigan Kent County Grand Rapids 49503 Southeast Community Association

587 Sheldon Ave SE, Grand Rapids, MI

Not Listed for Sale

Detached

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MichRIC Information is deemed reliable but not guaranteed.
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