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Grand Rapids 49505 Creston
481 NE Wright Street
$43,000
● House - Off Market

481 NE Wright Street

Grand Rapids, MI 49505
bedrooms
1 Bed
bathrooms
1 Bath
square feet
680 Ft²
$79,050
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

Estate Property priced to sell needs some TLC to make it a great little home. Fenced in backyard short distance to Riverside Park. Being sold in ''As Is Condition''
Unit Size
680 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$73
Property Type
House
Property Taxes
$147
HOA Dues
-
Year Built
1925

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #17055268)

Price History

Date / Event Date Event Price
Aug 24, 2018 Sold
Premium
Sold
Jun 19, 2018 Listed by Maurer Real Estate LLC $129,900
Listed by Maurer Real Estate LLC
Jan 9, 2018 Sold
Premium
Sold
Nov 8, 2017 Listed by Maurer Real Estate LLC $49,900
Listed by Maurer Real Estate LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 467
  • Garage Type: 7
  • Garage Square Area: 280
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,271
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 400
  • Total Building Area: 680
  • Building Area: 680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BENJAMIN F BARENDSEN ADD
  • Land Acres: 0000000121
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 82* BENJAMIN F. BARENDSEN ADD.

Neighborhood

  • School District Name: Grand Rapids Public Schools
  • School Tax School District: GRAND RAPIDS
  • Census Tract: 000200

Zoning

  • Zoning: MCN-LDR

Geography

  • District: 51
  • Parcel: 41-14-06-451-010
  • Lot: 82
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 43.0168
  • Longitude: -85.6569

    Address

  • Full Address: 481 Wright St Ne
  • Address - House Number: 481
  • Street Segment Direction: NE
  • Address - Street Name: Wright
  • Address - Suffix Type: St
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C018
  • 4-Digit Zip Code: 3330
  • Zip Code: 49505

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $192,667
  • Initial Tax Delinquent Year: 2013
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.1989
  • Valuation Date: Dec 06, 2023
  • Confidence Score: 73
  • Final Value: 197,074
  • High Value: 236,281
  • Low Value: 157,867

    Market Valuation

  • Market Total Value: $115,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,600

    Sales

  • Current Sale Contract Date: Aug 15, 2018
  • Current Sale Recording Date: Aug 24, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20180824-0066287
  • Previous Sale Recording Date: Jan 09, 2018
  • Previous Sale Contract Date: Dec 29, 2017
  • Previous Sale Amount: $43,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Creston

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$206

Below Asking

0.01%

Average Days on Market

38

Average Home Size

1398 ft²

Average Home Age

98 years

Currently For Sale

45 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Susan E Maurer, Maurer Real Estate LLC
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 17055268
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 481 Wright Street Northeast built and last sold?
The property at 481 Wright Street Northeast was built in 1925 and last sold on Aug 15, 2018 for $125,000.
How much is this home worth?
The estimated value of the home located at 481 Wright Street Northeast is $0.
What are some comparable homes to 481 Wright Street Northeast?
There are currently no comparable homes to 481 Wright Street Northeast.
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