Sold

$370,000

501 Maryland Ave NE, Grand Rapids, MI 49503

4beds

3baths

1,771sqft

2 to 4 Units

Built in 1970

-- sqft lot

$419,700 Zestimate^®

$209/sqft

$2,263 Estimated rent

Home value

$419,700

$399,000 - $441,000

$2,263/mo

Zestimate^® history

Owner options

List your home for rent

$2,263/mo

Rent Zestimate^®

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$2,263/mo

Rent Zestimate^®

Refinance and save

$2,350/mo

Est. payment

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$2,350/mo

Est. payment

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What's special

Large backyardGarden area

Welcome to 501 Maryland Ave. This charming multi-unit property offers an incredible opportunity for both homeowners and investors. With two well-designed units, this home is perfect for owner occupied or rental income. With a large backyard, garden area, and full basement in both units, this home may be just what you are looking for. Don't miss the chance to make this versatile property your own! Schedule a showing today and explore the endless possibilities that this property has to offer. Due to a high level of interest the seller has requested that any offers be submitted by 5 p.m. on Monday, January 22nd. Seller will respond to any offers by 10 a.m. on Tuesday, January 23rd.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: In Basement

Features

Basement: Daylight,Full

Interior area

Total interior livable area: 1,771 sqft

Property

Parking

Total spaces: 4
Parking features: Paved

Lot

Size: 0.3 Acres
Dimensions: 91 x 143
Features: Sidewalk

Details

Parcel number: 411421476031
Zoning description: Residential

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick, Vinyl Siding

Condition

New construction: No
Year built: 1970

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $209/sqft
Tax assessed value: $106,692
Annual tax amount: $4,583
Date on market: 1/18/2024
Listing terms: FHA,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
3/1/2024	Sold	$370,000+12.1%$209/sqft
Source: MichRIC #24003870 Report a problem
1/23/2024	Pending sale	$330,000$186/sqft
Source: MichRIC #24003870 Report a problem
1/18/2024	Listed for sale	$330,000+58.7%$186/sqft
Source: MichRIC #24003870 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
12/26/2018	Sold	$208,000+18.9%$117/sqft
Source: Public Record Report a problem
11/1/2018	Listing removed	$1,300$1/sqft
Source: Owner Report a problem
10/12/2018	Price change	$1,300-3.7%$1/sqft
Source: Owner Report a problem
9/25/2018	Price change	$1,350-3.6%$1/sqft
Source: Owner Report a problem
9/9/2018	Listed for rent	$1,400$1/sqft
Source: Owner Report a problem
4/22/2015	Sold	$175,000+4.8%$99/sqft
Source: Public Record Report a problem
4/9/2015	Pending sale	$167,000$94/sqft
Source: RE/MAX of Grand Rapids #15000934 Report a problem
4/2/2015	Listed for sale	$167,000$94/sqft
Source: RE/MAX of Grand Rapids #15000934 Report a problem
1/29/2015	Listing removed	$167,000$94/sqft
Source: RE/MAX of Grand Rapids #15000934 Report a problem
1/9/2015	Listed for sale	$167,000$94/sqft
Source: RE/MAX of Grand Rapids #15000934 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,791	$181,500 +9.5%
2024	--	$165,800 +48.4%
2021	$4,334	$111,700 +9.5%
2020	$4,334 +1.8%	$102,000 +7.1%
2019	$4,257	$95,200 +12.8%
2018	--	$84,400 +8.2%
2017	$4,336	$78,000 +13.4%
2016	$4,336	$68,800
2015	$4,336 +23.3%	$68,800 +2.7%
2013	$3,517	$67,000 -14%
2011	--	$77,900 -0.1%
2010	--	$78,000 -11.9%
2009	--	$88,500 +7.4%
2007	--	$82,400 +29.5%
2006	--	$63,643 +3.7%
2005	--	$61,373 +3.3%
2004	--	$59,413 +6.2%
2002	--	$55,934 +3.2%
2001	--	$54,200