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549 College Avenue Southeast

549 College Avenue Southeast, Grand Rapids, MI 49503
Property in South Hill
Sold May 06, 2015
$385,000
$238,700 by Old National Bank
Mortgage Due May 23, 2028
Sold Feb 03, 2006
$300,000
$240,000 by Fifth Third Mortgage Michigan
Mortgage Due Feb 01, 2036
Local assessors in Grand Rapids, MI have categorized 549 College Avenue Southeast as a residential type of property. The home was built in 1910 and is 114 years old. It was most recently renovated and altered in 2003. The property's lot size has been calculated to be 9,670 square feet. The linear feet between the front and back of the lot was measured at 1,670 ft and the front of the lot was measured at 580 ft. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 549 College Avenue Southeast has a total of 4,348 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 512 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. The building has a hip style roof. Residents rely on air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 549 College Avenue Southeast sold most recently in Apr 30, 2015 for a total of $385,000. If you work out the math, that's approximately a cost of $88.55 per sqft. Before that, the property was also sold for $300,000 in Jan 27, 2005. 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 $7,303 in taxes each year. 549 College Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $381,300. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 6
  • Roof Shape Type: Hip
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,562
  • Garage Type: Garage
  • Garage Square Area: 512
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,670
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 580
  • Total Building Area: 4,348
  • Building Area: 4,348
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 4,348
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HEALD ADD
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 36 FT OF LOT 22, S 1/2 OF LOT 23 & N 57 FT OF S 113 FT OF LOT 25* HEALD ADDITION

Ownership

  • Current Owner : LEE PAUL
  • Current Owner 2: LEE JESSICA J
  • Previous Owner : MOORE JONATHAN
  • Previous Owner 2: MOORE SARINA
  • Owner Before Previous Owner: TULLY SEAN P
  • Owner Before Previous Owner 2: TULLY STEPHANIE L
  • 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: 41-14-31-206-024
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 42.9525
  • Longitude: -85.657

    Address

  • Full Address: 549 College Ave Se
  • Address - House Number: 549
  • Street Segment Direction: SE
  • Address - Street Name: College
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C051
  • 4-Digit Zip Code: 5303
  • Zip Code: 49503

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $7,303
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 74
  • Final Value: 684,960
  • High Value: 815,409
  • Low Value: 554,511

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $517,300
  • First Open Lien Mortgage Lender: OLD NATIONAL BANK
  • First Open Lien Mortgage Recording Date: May 10, 2018
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $238,700
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: May 23, 2028
  • Second Open Lien Mortgage Lender: OLD NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Dec 30, 2020
  • Second Open Lien Mortgage Loan Amount: $278,600
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2036

    Market Valuation

  • Market Total Value: $762,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $381,300

    Sales

  • Current Sale Contract Date: Apr 30, 2015
  • Current Sale Recording Date: May 06, 2015
  • Current Sale Transaction ID: 1217897045
  • Current Sale Price: $385,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20150506-0038943
  • Previous Sale Recording Date: Feb 03, 2006
  • Previous Sale Contract Date: Jan 27, 2005
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FOUNDERS BANK & TRUST
  • First Mortgage Transaction Date: May 06, 2015
  • First Mortgage Loan Amount: $308,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE MICHIGAN
  • Previous Mortgage Transaction Date: Feb 03, 2006
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Feb 01, 2036

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Frequently Asked Questions

What neighborhood is 549 College Avenue Southeast located in?
The 549 College 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 549 College Avenue Southeast?
The average sales price for units in 549 College Avenue Southeast is $0 currently.

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