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45 Ottawa Avenue Northwest

45 Ottawa Avenue Northwest, Grand Rapids, MI 49503
45 Ottawa Avenue Northwest has been categorized by the local assessors in Grand Rapids, MI as a commercial type of property. The building on the property was first built in 1955 and is 69 years old. The building has a total of 2 stories. The area measurement of the land has been determined as 17,424 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". In terms of heating, it is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $46,943 in taxes each year. 45 Ottawa Avenue Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,357,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 0
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Total Building Area: 13,079
  • Gross Building Area: 13,079
  • Building Area: 13,079
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: PLAT OF THE VILLAGE OF GRAND RAPIDS
  • Land Acres: 0.4
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: LOT 7 EX SWLY 0.83 FT SEC 6 ALSO LOT 8 SEC 6 * PLAT OF THE VILLAGE OF GRAND RAPIDS * CAMPAU PLAT * /SO CALLED/

Ownership

  • Current Owner : 45 OTTAWA ASSOCIATES LLC
  • Previous Owner : MACATAWA BANK
  • Owner Before Previous Owner: CUSTER INVESTMENTS INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jul 13, 2023

Neighborhood

  • School District Name: Grand Rapids Public Schools
  • School Tax School District: GRAND RAPIDS
  • Census Tract: 002000

Zoning

  • Zoning: TN-CC

Geography

  • District: 51
  • Section: 6
  • Parcel: 41-13-25-288-010
  • Lot: 7-8
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 42.9644
  • Longitude: -85.6714

    Address

  • Full Address: 45 Ottawa Ave Nw
  • Address - House Number: 45
  • Street Segment Direction: NW
  • Address - Street Name: Ottawa
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C014
  • 4-Digit Zip Code: 2602
  • Zip Code: 49503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $46,943
  • Tax Rate Code Area: 51

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,150,000
  • First Open Lien Mortgage Lender: GRAND RIVER BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2010
  • First Open Lien Mortgage Loan Amount: $3,150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $2,714,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,357,300

    Sales

  • Current Sale Contract Date: Oct 29, 2010
  • Current Sale Recording Date: Nov 05, 2010
  • Current Sale Transaction ID: 1094651298
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20101105-0093760
  • Previous Sale Recording Date: Aug 25, 2004
  • Previous Sale Contract Date: Aug 16, 2004
  • Previous Sale Document Type: Corporation Deed

    Last Sale Mortgage

  • First Mortgage Lender: GRAND RIVER BANK
  • First Mortgage Transaction Date: Nov 05, 2010
  • First Mortgage Loan Amount: $3,150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Heartside-Downtown Grand Rapids



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Frequently Asked Questions

What neighborhood is 45 Ottawa Avenue Northwest located in?
The 45 Ottawa Avenue Northwest is a located in the neighborhood of Heartside-Downtown Grand Rapids in Heartside-Downtown Grand Rapids, Grand Rapids.
What is the average sales price for listings in 45 Ottawa Avenue Northwest?
The average sales price for units in 45 Ottawa Avenue Northwest is $0 currently.

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