NOT LISTED FOR SALE

50 College Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $301,000

-- Bed
1 Bath
71,792 Sq Ft
$4/Sq Ft Est. Value

About This Home

This home is located at 50 College Ave SE, Grand Rapids, MI 49503 and is currently priced at $301,000, approximately $4 per square foot. 50 College Ave SE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2022
Sold by
N & N Ventures Llc
Bought by
Heritage Place Apartments Llc
Current Estimated Value
$301,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,990,000
Outstanding Balance
$11,394,367
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2020
Sold by
Heritage Place Development Llc
Bought by
Uppal Investments Llc and Ventrues N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,900,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 16, 2018
Sold by
Heritage Place Development Llc
Bought by
Heritage Place Development Llc

Purchase Details

Closed on
Jul 13, 2016
Sold by
50 College Properties Llc
Bought by
Heritage Place Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 23, 2008
Sold by
50 College Llc
Bought by
50 College Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,092,500
Interest Rate
6.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 11, 1995
Bought by
Folk and 50 College Properties Llc

Purchase Details

Closed on
Mar 29, 1995
Sold by
50 Coll
Bought by
Delta &012 and 50 College Properties Llc

Purchase Details

Closed on
Mar 28, 1995
Sold by
College Ave/50 Coll
Bought by
50 Coll and 50 College Properties Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Heritage Place Apartments Llc -- None Listed On Document
Uppal Investments Llc -- None Listed On Document
Heritage Place Development Llc -- Sun Title Agency Of Michigan
Heritage Place Development Llc -- Sun Title Agency Of Michigan
Heritage Place Development Llc -- Sun Title Agency Of Mi Llc
50 College Properties Llc -- Metropolitan Title Company
Folk $100 --
Delta &012 $400,000 --
50 Coll $610,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heritage Place Apartments Llc $11,990,000
Previous Owner Tkmj Ventrues Llc $11,900,000
Previous Owner Heritage Place Development Llc $1,650,000
Previous Owner 50 College Properties Llc $1,440,000
Previous Owner 50 College Properties Llc $2,092,500
Source: Public Records

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 $243,913 $6,221,700 $0 $0
2024 $243,913 $6,211,300 $0 $0
2023 $279,884 $5,414,000 $0 $0
2022 $229,951 $4,456,400 $0 $0
2021 $224,051 $4,292,900 $0 $0
2020 $200,352 $4,292,900 $0 $0
2019 $52,423 $3,844,000 $0 $0
2018 $31,674 $859,000 $0 $0
2017 $52,423 $1,026,300 $0 $0
2016 $52,423 $1,027,900 $0 $0
2015 $49,949 $1,027,900 $0 $0
2013 -- $1,092,900 $0 $0
Source: Public Records

Map

Michigan Kent County Grand Rapids 49503 Heritage Hill

50 College Ave SE, Grand Rapids, MI

This home is located at 50 College Ave SE, Grand Rapids, MI 49503 and is currently priced at $301,000, approximately $4 per square foot. 50 College Ave SE 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.

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