Seller's Agent in 2025
Rachael Fountain
Five Star Real Estate (M6)
(616) 881-9668
3 in this area
85 Total Sales
600 Monroe Ave NW Unit 406 Grand Rapids, MI 49503
Belknap Lookout Neighborhood
3
Beds
3
Baths
2,421
Sq Ft
$562/mo
HOA Fee
Highlights
- Spa
- Maid or Guest Quarters
- Deck
- Waterfront
- Fireplace in Primary Bedroom
- 2-minute walk to Sixth Street Park
About This Home
As of May 2022Monroe Terrace Condominiums is an old sewing factory converted to 27 loft condos, restaurant, and office space in downtown Grand Rapids. This top floor 3-story penthouse overlooks the river and downtown's growing skyline. Some of the features include a roof-top solarium with operable sliding walls, roof top deck with hot tub, 3 fireplaces, exposed brick walls, wood-beamed ceilings, secondary bar/kitchen for entertainment, high-end kitchen and bathroom fixtures, owners suite with steam shower/jacuzzi and fireplace, office loft, heated parking with storage and reserved guest parking, in-unit laundry hook up. This is a must see and a remarkable opportunity to own one of Grand Rapids most unique condominiums.
Last Agent to Sell the Property
Urban Soil Realty License #6502408797 Listed on: 04/21/2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,562
Year Built
- Built in 1880
Lot Details
- Waterfront
HOA Fees
- $562 Monthly HOA Fees
Parking
- 4 Car Attached Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 2,421 Sq Ft Home
- 3-Story Property
- Wet Bar
- Wood Burning Stove
- Gas Log Fireplace
- Window Screens
- Living Room with Fireplace
- 3 Fireplaces
- Game Room with Fireplace
- Recreation Room with Fireplace
- Water Views
Kitchen
- Stove
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- Fireplace in Primary Bedroom
- Maid or Guest Quarters
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Spa
- Deck
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Community Details
Overview
- Monroe Terrace Condominiums
Amenities
- Restaurant
- Elevator
- Community Storage Space
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2022
Closed on
May 27, 2022
Sold by
Hinkley Andrew G
Bought by
Dunn Thomas and Dunn Julie
Seller's Agent
Paul Marantette
Green Square Properties LLC
Buyer's Agent
Rachael Fountain
Five Star Real Estate (M6)
List Price
$850,000
Sold Price
$850,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.23%
Original Mortgage
$765,000
Outstanding Balance
$725,749
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$89,925
Purchase Details
Listed on
Apr 21, 2021
Closed on
Jun 21, 2021
Sold by
Dubois Patricia
Bought by
Hinkley Andrew G
Seller's Agent
Bradley Veneklase
Urban Soil Realty
Buyer's Agent
Paul Marantette
Green Square Properties LLC
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.65%
Original Mortgage
$435,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 1, 2018
Sold by
Blain Harry L and Blain Phyllis
Bought by
The Blain Family Trust
Purchase Details
Closed on
Nov 18, 2016
Sold by
Rooks Jonathan Lee
Bought by
Dubois Patricia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $850,000 | None Listed On Document | |
| Warranty Deed | -- | First American Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $765,000 | New Conventional | |
| Previous Owner | $435,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | For Sale | $865,000 | +1.8% | $367 / Sq Ft |
| 06/29/2022 06/29/22 | For Sale | $850,000 | 0.0% | $351 / Sq Ft |
| 05/27/2022 05/27/22 | Sold | $850,000 | +17.2% | $351 / Sq Ft |
| 04/15/2022 04/15/22 | Pending | -- | -- | -- |
| 06/21/2021 06/21/21 | Sold | $725,000 | -3.3% | $299 / Sq Ft |
| 05/16/2021 05/16/21 | Pending | -- | -- | -- |
| 04/21/2021 04/21/21 | For Sale | $750,000 | -- | $310 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $8,374 | $411,300 | $0 | $0 |
| 2024 | $8,374 | $400,200 | $0 | $0 |
| 2023 | $8,409 | $251,500 | $0 | $0 |
| 2022 | $6,600 | $196,000 | $0 | $0 |
| 2021 | $8,523 | $183,000 | $0 | $0 |
| 2020 | $8,239 | $178,100 | $0 | $0 |
| 2019 | $8,436 | $171,100 | $0 | $0 |
| 2018 | $8,178 | $160,200 | $0 | $0 |
| 2017 | $7,977 | $138,300 | $0 | $0 |
| 2016 | $7,045 | $131,300 | $0 | $0 |
| 2015 | $6,713 | $131,300 | $0 | $0 |
| 2013 | -- | $128,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rachael Fountain
-
Steve Volkers
Seller Co-Listing Agent in 2025
Steve Volkers
Five Star Real Estate (M6)
(616) 717-2179
1 in this area
182 Total Sales
-
Paul Marantette
Seller's Agent in 2022
Paul Marantette
Green Square Properties LLC
(313) 727-5570
4 in this area
97 Total Sales
-
Bradley Veneklase
Seller's Agent in 2021
Bradley Veneklase
Urban Soil Realty
(616) 437-1065
24 in this area
100 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 21013183
APN: 41-13-24-440-058
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