NOT LISTED FOR SALE

7055 Riverwood Ln SE Unit 1 Grand Rapids, MI 49546

Forest Hills Neighborhood

Estimated Value: $1,017,000 - $1,231,485

5 Beds
5 Baths
5,634 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $585,000 $104 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $7,161/month

194 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • Deck
  • Wood Flooring
  • Thornapple Elementary School Rated A
  • Wooded Lot
  • Whirlpool Bathtub

About This Home

As of March 2018

Architecturally Stunning Home Nestled on Beautifully Landscaped, Wooded Setting in Cascade's Private Riverwood Development. Quality and Craftsmanship Throughout. Slate Front Porch, Floor-to-Ceiling Windows for Panoramic Views. Spectacular 2-story Great Room with Stone Fireplace Opens up to Screened Porch and Decks. Gourmet Kitchen with Alno Cabinetry, Sky Lights, Large Working Island, Granite Counters and Breakfast Nook. Beautiful Dining Room & Living Room w/Fireplace Make This Home Ideal for Entertaining! Back Entry w/Laundry, Half Bath & Storage. 2nd Floor Owner's Suite is a Luxurious Private Retreat with Fireplace/Deck Connected to Private Study or 6th Bdrm/Nursery. Storage under 3-Car Garage. Lower Level Walkout has 4 More Bedrooms with Private Sinks, 2 Full Baths, Family Room with Stone Fireplace, Bar/Sink & Sunken Rec Room, 9' + ceilings LL. Circular Drive. This Distinctive Home is Waiting For Your Personal Touch!

Last Agent to Sell the Property

Pamela Foster

Spica Real Estate Listed on: 07/19/2017

Last Buyer's Agent

Nicholas Hibma

FS Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,818

Year Built

  • Built in 1990

Lot Details

  • Property fronts a private road
  • Cul-De-Sac
  • Shrub
  • Terraced Lot
  • Sprinkler System
  • Wooded Lot

HOA Fees

  • $200 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Wood Roof
  • Wood Siding

Interior Spaces

  • 5,634 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room with Fireplace
  • Screened Porch
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio

Utilities

  • Humidifier
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Water Softener is Owned
  • Septic System

Community Details

  • Association fees include trash

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,818

Year Built

Built in 1990

Lot Details

0

HOA Fees

$200 per month

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1990
  • ResoPropertyType: Residential
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Appliances Microwave: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer, Trash Compactor, Refrigerator, Range, Oven, Microwave, Dryer, Disposal, Dishwasher, Built in Oven
  • Interior Amenities: Ceiling Fan(s), Central Vacuum, Ceramic Floor, Garage Door Opener, Humidifier, Security System, Water Softener/Owned, Wet Bar, Whirlpool Tub, Wood Floor, Kitchen Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Family Room, Gas Log, Living Room, Primary Bedroom, Recreation Room, Wood Burning
  • Fireplace: Yes
  • Fireplaces: 4
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bathrooms: 5
  • Basement: Daylight, Walk-Out Access
  • LivingArea: 5634.0
  • Window Features: Skylight(s), Insulated Windows, Window Treatments
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Breakfast Nook: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Fireplace:Family: Yes
  • Fireplace:Wood Burning: Yes
  • Fireplace:Primary Bedroom: Yes
  • Fireplace:Rec Room: Yes
  • Appliances:Trash Compactor: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • Exterior Features: Scrn Porch, Porch(es), Patio, Deck(s)
  • List Price: 644900.0
  • Lot Features: Wooded, Cul-De-Sac
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Deck(s): Yes
  • Exterior Features:Porch(es): Yes
  • Exterior Features:Scrn Porch: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Additional Items:Garage Door Opener: Yes
  • General Property Info:Garage Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected
  • Water Source: Well
  • Water Well: Yes

Condo/Co-op/Association

  • Association Fee: 1200.0
  • Association Fee Frequency: Semi-Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: SemiAnnually

Association/Amenities

  • Association Info:Approx Assoc Fee2: 1200.0
  • Association Info:Assoc Fee Payable: Semi-Annually

Fee Information

  • Association Fee Includes: Other, Trash

Lot Info

  • Lot Dimensions: 265xIRR
  • Zoning Description: RES
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 9818.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2020
Sold by
Hibma Nicholas and Hibma Erin C
Bought by
Hibma Nicholas and Hibma Erin C
Total Days on Market
194
Current Estimated Value
$1,127,871

Purchase Details

Closed on
Apr 30, 2020
Sold by
Hibma Nicholas and Hibma Erin C
Bought by
Hibma Nicholas and Hibma Erin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Outstanding Balance
$368,832
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$783,506

Purchase Details

Closed on
Jul 10, 2019
Sold by
Hibma Nicholas and Hibma Erin C
Bought by
Hibma Nicholas and Hibma Erin C

Purchase Details

Listed on
Jul 19, 2017
Closed on
Mar 9, 2018
Sold by
Todoroff James S and Todoroff Kimberly A
Bought by
Hibma Nicholas and Hibma Erin C
Seller's Agent
Pamela Foster
Spica Real Estate
Buyer's Agent
Nicholas Hibma
FS Realty LLC
List Price
$720,000
Sold Price
$585,000
Premium/Discount to List
-$135,000
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%

Purchase Details

Closed on
Feb 6, 2008
Sold by
Masse Bradley L and Masse Cynthia M
Bought by
Todoroff James S and Todoroff Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 5, 1999
Sold by
Metros Pete J
Bought by
Masse Bradley L and Todoroff James

Purchase Details

Closed on
Apr 24, 1996
Bought by
Todoroff Metros and Todoroff James

Purchase Details

Closed on
Nov 20, 1990
Bought by
Metros Pete J and Todoroff James
Source: Public Records

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Range of Values:

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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
Hibma Nicholas -- None Available
Hibma Nicholas -- None Available
Hibma Nicholas -- None Available
Hibma Nicholas $585,000 None Available
Todoroff James S $595,000 Metropolitan Title Company
Masse Bradley L $558,500 --
Todoroff Metros -- --
Metros Pete J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hibma Nicholas $410,000
Previous Owner Todoroff James S $150,000
Previous Owner Todoroff James S $381,000
Previous Owner Todoroff James S $417,000
Previous Owner Todoroff James S $148,250
Previous Owner Masse Bradley L $529,000
Previous Owner Masse Bradley L $0
Previous Owner Masse Bradley L $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2018 03/09/18 Sold $585,000 -18.8% $104 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
07/19/2017 07/19/17 For Sale $720,000 -- $128 / 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
2024 $7,851 $592,200 $0 $0
2023 $10,995 $534,200 $0 $0
2022 $10,643 $378,200 $0 $0
2021 $10,376 $349,000 $0 $0
2020 $7,013 $343,600 $0 $0
2019 $13,198 $319,000 $0 $0
2018 $9,881 $322,700 $0 $0
2017 $9,844 $320,200 $0 $0
2016 $9,501 $299,600 $0 $0
2015 -- $299,600 $0 $0
2013 -- $283,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Pamela Foster

    Spica Real Estate

  • N

    Buyer's Agent in 2018

    Nicholas Hibma

    FS Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17035760

Southwestern Michigan Association of REALTORS®

APN: 41-19-09-227-001

Michigan Kent County Grand Rapids 49546 Forest Hills

7055 Riverwood Ln SE Unit 1, Grand Rapids, MI

This home is located at 7055 Riverwood Ln SE Unit 1, Grand Rapids, MI 49546 since 19 July 2017 and is currently estimated at $1,127,871, approximately $200 per square foot. This property was built in 1990. 7055 Riverwood Ln SE Unit 1 is a home located in Kent County with nearby schools including Thornapple Elementary School, Central Woodlands 5/6 School, and Central Middle 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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