Sold

$524,900

550 Lafayette Ave SE, Grand Rapids, MI 49503

4beds

2,797sqft

Single Family Residence

Built in 1916

7,405 Square Feet Lot

$540,600 Zestimate^®

$188/sqft

$2,667 Estimated rent

Home value

$540,600

$508,000 - $578,000

$2,667/mo

Zestimate^® history

Owner options

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$2,667/mo

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$2,667/mo

Rent Zestimate^®

Refinance and save

$3,333/mo

Est. payment

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$3,333/mo

Est. payment

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What's special

Hardwood floorsSpacious and private backyardHuge front porchCoffered ceilingsOriginal trims

Rare opportunity to purchase a beautiful Heritage Hill home that could serve as a single family or a duplex. Home was most recently used as a single family home with 4 bedrooms and two non-conforming bedrooms or offices. There is a finished 3rd floor attic ready for your imagination. Located just down the street from St Mary's hospital, wealthy street business district and all that downtown GR has to offer. Original trims, coffered ceilings and hardwood floors throughout. Afternoon sun fills the rooms. Many updates have been made to the electrical, plumbing, interior and exterior. Outside you can enjoy a spacious and private backyard, a huge front porch and nice garage for parking or hobbies. Walk to dinner, walk to work. Enjoy the historical charm in the heart of Grand Rapids.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2
Full bathrooms: 2
Main level bedrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Range, Refrigerator
Laundry: Lower Level

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 2,797
Total interior livable area: 2,797 sqft
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Stories: 2

Lot

Size: 7,405 Square Feet
Dimensions: 50 x 145

Details

Parcel number: 411431134011
Zoning description: Res

Construction

Type & style

Home type: SingleFamily
Architectural style: Historic
Property subtype: Single Family Residence

Materials

Brick
Roof: Asphalt,Rubber

Condition

New construction: No
Year built: 1916

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Grand Rapids

Financial & listing details

Price per square foot: $188/sqft
Tax assessed value: $135,733
Annual tax amount: $5,630
Date on market: 10/17/2025
Listing terms: Cash,Conventional
Road surface type: Paved

Price history

Date	Event	Price
11/24/2025	Sold	$524,900$188/sqft
Source: MichRIC #25053688 Report a problem
10/21/2025	Pending sale	$524,900$188/sqft
Source: MichRIC #25053688 Report a problem
10/17/2025	Listed for sale	$524,900+188.6%$188/sqft
Source: MichRIC #25053688 Report a problem
6/7/2011	Sold	$181,900-1.6%$65/sqft
Source: Public Record Report a problem
4/30/2011	Price change	$184,8500%$66/sqft
Source: Five Star Real Estate #11023281 Report a problem
2/24/2011	Price change	$184,900-5.1%$66/sqft
Source: Grand Rapids Market Center East #10040468 Report a problem
9/18/2010	Price change	$194,900-2.5%$70/sqft
Source: Grand Rapids Market Center East #10040468 Report a problem
8/28/2010	Listed for sale	$199,900+11.1%$71/sqft
Source: Grand Rapids Market Center East #10040468 Report a problem
5/10/2004	Sold	$180,000$64/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,631	$286,100 +4.3%
2024	--	$274,400 +42.9%
2021	$5,765	$192,000 +8.9%
2020	$5,765 +3.2%	$176,300 +9.5%
2019	$5,589	$161,000 +14.7%
2018	--	$140,400 +9.3%
2017	$5,546	$128,500 +15.7%
2016	$5,546	$111,100
2015	$5,546 +4.8%	$111,100 +9.7%
2013	$5,289	$101,300 -15.8%
2011	--	$120,300 -4.4%
2010	--	$125,800 -2.6%
2009	--	$129,100 +98%
2007	--	$65,200 +2.6%
2006	--	$63,522 +3.7%
2005	--	$61,256 +3.3%
2004	--	$59,300 +103.8%
2002	--	$29,100 +3.2%
2001	--	$28,198