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522 Prospect Avenue Southeast

522 Prospect Avenue Southeast, Grand Rapids, MI 49503
Property in South Hill
Sold Apr 23, 2021
$400,000
$379,000 by Keller Mortgage Llc
Mortgage Due May 01, 2051
522 Prospect Avenue Southeast has been categorized by the local assessors in Grand Rapids, MI as a residential type of property. The building on the property was first built in 1900 and is 124 years old. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 522 Prospect Avenue Southeast has 2,668 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,450 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 10,890 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. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. The building has a gambrel style roof. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 522 Prospect Avenue Southeast sold most recently in Apr 2, 2021 for a total of $400,000. If you work out the math, that's approximately a cost of $149.93 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,712 in taxes each year. 522 Prospect Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $243,000. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior
Stone Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gambrel
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,348
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,890
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,668
  • Building Area: 2,668
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 2,668
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: J PENNEYS ADD
  • Land Acres: 0.25
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 411431135043 LOT 30 BLK 3 ALSO N 1/2 OF LOT 29 BLK 3 * J PENNEY'S ADDITION SPLIT ON 06/06/2005 FROM 41-14-31-135-006,

Ownership

  • Current Owner : ACKERMAN MARGARET ANNE
  • Previous Owner : MAST MYRON D
  • Previous Owner 2: MAST WILLA MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grand Rapids Public Schools
  • School Tax School District: GRAND RAPIDS
  • Census Tract: 002900

Zoning

  • Zoning: TN-LDR

Geography

  • District: 51
  • Parcel: 41-14-31-135-043
  • Block: 3
  • Lot: 29-30
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 42.9533
  • Longitude: -85.6602

    Address

  • Full Address: 522 Prospect Ave Se
  • Address - House Number: 522
  • Street Segment Direction: SE
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C050
  • 4-Digit Zip Code: 5340
  • Zip Code: 49503

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,712
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 74
  • Final Value: 470,726
  • High Value: 560,375
  • Low Value: 381,077

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $379,000
  • First Open Lien Mortgage Lender: KELLER MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 23, 2021
  • First Open Lien Mortgage Loan Amount: $379,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $486,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,000

    Sales

  • Current Sale Contract Date: Apr 02, 2021
  • Current Sale Recording Date: Apr 23, 2021
  • Current Sale Transaction ID: 11836640312
  • Current Sale Price: $400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210423-0048231

    Last Sale Mortgage

  • First Mortgage Lender: KELLER MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 23, 2021
  • First Mortgage Loan Amount: $379,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

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Frequently Asked Questions

What neighborhood is 522 Prospect Avenue Southeast located in?
The 522 Prospect Avenue Southeast is a located in the neighborhood of South Hill in South Hill, Grand Rapids.
What is the average sales price for listings in 522 Prospect Avenue Southeast?
The average sales price for units in 522 Prospect Avenue Southeast is $0 currently.

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