505 Cherry St SE APT 308, Grand Rapids, MI 49503

1 bed1 bath475 sqft Edit

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Sold: $82,000
Sold on 03/20/14
Zestimate®: $87,839
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Fantastic investment opportunity in this trendy downtown Grand Rapids condo nestled on the 3rd floor with outstanding interior finishes. Perfect as an income rental property or a great home for a busy downtown life. Custom designed kitchen with granite counter tops, cherry cabinets and stainless steel appliances. Just a stroll from downtown, Eastown, restaurants, medical systems, Cooley Law School, Kendal College and the art district. Building amenities include wi-fi, fitness center, laundry facilities and roof top deck with amazing views!! Perfect as an investment property. Don't miss out on this home! Please call to see the property. Brokered And Advertised By: NAI Wisinski of West Michigan Listing Agent: James E Decker

Facts

  • Condo
  • Built in 1949
  • Views: 1,419 all time views
  • Heating: Forced air
  • Laundry: In Unit
  • Last sold: Mar 2014 for $82,000
  • Last sale price/sqft: $173

Features

  • Deck
  • Wired

    Appliances Included

    • Dishwasher
    • Microwave
    • Range / Oven
    • Refrigerator
    • Washer

    Construction

    • Exterior material: Brick
    • Room count: 2

    Other

    • Floor size: 475 sqft
    • Parcel #: 411430408049
    • Zillow Home ID: 82233323

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $87,839
    +$2,070 Last 30 days
    $82K
    $94K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $977/mo
    +$31 Last 30 days
    $713
    $1.4K
    Zestimate range
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    Popularity on Zillow

    1,419 all-time views
    of this home (chart)

    Comparable Homes

    Homes like this sold for $77-133K.

    $60K
    $150K

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    Neighborhood

    Market guide

    Zillow predicts Heritage Hill home values will decrease 0.8% next year, compared to a 0.4% increase for Grand Rapids as a whole. Among Heritage Hill homes, this home is valued 54.8% less than the midpoint (median) home, but is valued 83% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Heritage Hill, the number of foreclosures waiting to be sold is 64.9% less than in Grand Rapids, and 8.6% greater than the national average. This lower local number could help Heritage Hill home values rise more quickly than other regions in Grand Rapids.

    Learn more about forecast calculations or Heritage Hill home values.
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      For Sale

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      Rentals

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      Other Units in this Building (96)ZestimateBedsBathsSqft
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      Apt 617$132K21812
      Apt 406$143K121,062
      Apt 312$131K21922
      Apt 306$109K11670
      Apt 402$112K21760
      Apt 217$133K21812
      Apt 206$109K11670
      Apt 315$138K21991
      Apt 604$131K21945
      Apt 107$112K11769
      Apt 512$136K21922
      Apt 303$110K11752
      Apt 416$97K11629
      Apt 215$140K21991
      Apt 105$73K11369
      Apt 106$113K11670
      Apt 301$111K11720
      Apt 311$80K11473
      Apt 513$109K11670

      Nearby Schools in Grand Rapids

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org