Sold

$635,000

565 Lovett Ave SE, East Grand Rapids, MI 49506

5beds

2baths

2,580sqft

2 to 4 Units

Built in 1927

-- sqft lot

$658,900 Zestimate^®

$246/sqft

$2,008 Estimated rent

Home value

$658,900

$606,000 - $712,000

$2,008/mo

Zestimate^® history

Owner options

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$2,008/mo

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$2,008/mo

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$4,003/mo

Est. payment

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$4,003/mo

Est. payment

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What's special

Private fenced yardMultiple outdoor areasScreened porchRefinished hardwood floorsFront porchNewer windows upstairs

Spacious home on a prime East Grand Rapids street, close to schools, Reeds Lake, Gaslight Village shops, and dining. Currently configured as a two-family property, it can be converted to a single-family home per city guidelines. At 2,745 sq. ft. above grade, this is one of the larger homes of its kind in the area. Updates include an expanded concrete driveway, a renovated Unit 2 bathroom with a glazed tub, new tile, vanity, and paint, and Unit 1 freshly painted throughout with updated kitchen cabinets. Other highlights: refinished hardwood floors, a 2017 roof, and newer windows upstairs. Enjoy multiple outdoor areas: a sunroom, screened porch, deck, front porch, and private fenced yard. The property includes 2 high-efficiency furnaces (one new-2019), two A/C units, and two water heaters.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air

Cooling

Central Air

Appliances

Laundry: In Basement

Features

Basement: Full

Interior area

Total interior livable area: 2,580 sqft

Property

Parking

Total spaces: 2
Parking features: Paved

Lot

Size: 5,227 Square Feet
Dimensions: 40 x 133
Features: Sidewalk

Details

Parcel number: 411433207018
Zoning description: R-3

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Brick, Stucco, Wood Siding
Roof: Composition

Condition

New construction: No
Year built: 1927

Utilities & green energy

Utilities for property: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Community & HOA

Location

Region: East Grand Rapids

Financial & listing details

Price per square foot: $246/sqft
Tax assessed value: $273,900
Annual tax amount: $15,491
Date on market: 12/4/2024
Listing terms: VA Loan,Cash,Conventional
Tenant pays: Electricity, Gas
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
2/27/2025	Sold	$635,000-2.2%$246/sqft
Source: MichRIC #24061807 Report a problem
1/16/2025	Pending sale	$649,000$252/sqft
Source: MichRIC #24061807 Report a problem
12/4/2024	Listed for sale	$649,000+10%$252/sqft
Source: MichRIC #24061807 Report a problem
8/17/2023	Sold	$590,000-5.6%$229/sqft
Source: Public Record Report a problem
6/30/2023	Pending sale	$625,000$242/sqft
Source: MichRIC #23016155 Report a problem
6/13/2023	Listed for sale	$625,000$242/sqft
Source: MichRIC #23016155 Report a problem
5/22/2023	Pending sale	$625,000$242/sqft
Source: MichRIC #23016155 Report a problem
5/18/2023	Listed for sale	$625,000+158.9%$242/sqft
Source: MichRIC #23016148 Report a problem
4/24/2013	Sold	$241,450-2.6%$94/sqft
Source: Public Record Report a problem
2/2/2013	Listed for sale	$247,900$96/sqft
Source: Coldwell Banker Schmidt REALTORS #13006450 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$15,491	$289,600 +5.7%
2024	--	$273,900 +47.1%
2021	$6,544	$186,200 +5.1%
2020	$6,544 +2.1%	$177,200 +16.1%
2019	$6,412	$152,600 +30.9%
2018	--	$116,600 +1.4%
2017	$6,665	$115,000 -5%
2016	$6,665	$121,100
2015	$6,665	$121,100 -6.6%
2013	--	$129,600 +3.6%
2011	--	$125,100 +14%
2010	--	$109,700 +22.8%
2009	--	$89,300 -31.1%
2007	--	$129,700 +93.2%
2006	--	$67,134 +3.7%
2005	--	$64,739 +3.3%
2004	--	$62,671 +6.2%
2002	--	$59,000 -2.9%
2001	--	$60,792