Photos and Property Details for 553 Wealthy Street SE, Grand Rapids, MI 49503 (MLS# 21109458).
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$480,000
Grand Rapids, MI 49503
MLS# 21109458
Status: Sold
1 / 46
Property Description
Beautiful 3-unit home in highly desired Heritage Hill! This well kept historic home has retained much of the original character with hardwood floors, built-ins, woodwork, tall ceilings, and original tile work. It also has the modern conveniences of granite countertops and stainless steel appliances in all kitchens and in-unit laundry for 2 units. Centrally located on a DOUBLE LOT with ample off-street parking, 2 blocks from Donkey Taqueria, the Winchester and many other GR favorites. There are split utilities and tenant pays gas, electric and trash. Two units have 2 bedrooms, the 3rd unit has 1 bedroom along with a bonus loft currently used as a bedroom. Current GR rental cert 6/6/25. Please see additional rental details in attachment. Seller also listing 2-unit at 307/309 James Ave SE.
Details
Maps
Location & Property Info
Cross Streets: Wealthy St and Union Ave
Property Sub-Type: 2 to 4 Units
Area: Grand Rapids - G
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 197.75
General Property Info
New Construction: No
Lot Dimensions: 87*86*13*51*16*6*84*132
Financial Available: No
Road Frontage: 87
Cert of Compliance: Yes
Cert. of Compliance Exp Date: 2025-06-06
Waterfront: No
Basement: Yes
Total # Units: 3
# of Diff Unit Floor Plans: 3
Total # Bldgs: 1
Total Approx. SqFt All Bldgs: 2402
Total Parking Spaces: 6
School District: Grand Rapids
Lot Measurement: Acres
Lot Square Footage: 12023
Lot Acres: 0.28
Year Built: 1900
Tax Info
Taxable Value: 112756
SEV: 124400
For Tax Year: 2021
Seller's Annual Property Tax: 5911
Tax Year: 2020
Homestead %: 0
Spec Assessment & Ty: None Known
Zoning: RES
Tax ID #: 41-14-30-454-049
Remarks & Misc
Legal: PART OF LOTS 21 & 22 COM AT SE COR OF LOT 22 TH NLY 132 FT ALONG E LINE OF LOT 22 TO N LINE OF S 132 FT OF LOT 22 TH WLY ALONG SD N LINE 84 FT TH NLY 6 FT TH WLY 16 FT TH SLY 51 FT TO N LINE OF S 86 FT OF LOT 21 TH ELY ALONG SD N LINE 13 FT TO E LINE OF W 25 FT OF LOT 21 TH SLY ALONG SD E LINE 86 FT TO S LINE OF LOT 21 TH ELY 87 FT ALONG S LINES OF LOTS 21 & 22 TO BEG * NORTHROP'S ADDITION
Status Change Info
Sold Price/SqFt: 199.83
Under Contract Date: 2021-10-10
Sold Date: 2021-12-03
Sold Price: $480,000
Lot Description
Level: 1
Sidewalk: 1
Street Type
Public: 1
Util Avail at Street
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Public Sewer: 1
Public Water: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Exterior Material
Wood Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Radiant: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Trash: 1
Driveway
Paved: 1
Substructure
Full: 1
Michigan Basement: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Water: 1
Unit 1
Unit #: 1
Unit Description: Front Lower
SqFt: 933
Occupied: Yes
Monthly Rent: 1150
Bedrooms: 2
Bathrooms: 1
Deck/Patio: 1
Fireplace: 1
Range Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 2
Unit #: 2
Unit Description: Upper
SqFt: 933
Occupied: No
Monthly Rent: 1425
Bedrooms: 2
Bathrooms: 1
Deck/Patio: 1
Range/Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Unit 3
Unit #: 3
Unit Description: Rear
SqFt: 536
Occupied: Yes
Monthly Rent: 1000
Bedrooms: 1
Bathrooms: 1
Range/Oven: 1
Refrigerator: 1
Possession
Subject To Tenant Rights: 1
Location Property Info
County: Kent
Street #: 553
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49503
OfficeContract Info
Status: Sold
Current Price: $480,000
List Price: $475,000
Listing Date: 2021-10-06
Remarks Misc
Directions: From Wealthy St Se and Eastern Ave SE, head west on Wealthy St for 0.3 miles to home on right.
Property Features
Exterior Material: Wood Siding
Roofing: Composition
Substructure: Full; Michigan Basement
Lot Description: Level; Sidewalk
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Public Sewer; Public Water
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Water
Tenant Pays: Electric; Gas; Trash
Heat Source: Natural Gas
Heat Type: Radiant
Driveway: Paved
Street Type: Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Possession: Subject To Tenant Rights
Sale Conditions: None
Unit 1: Deck/Patio; Fireplace; Range Oven; Refrigerator; Washer/Dryer
Unit 2: Deck/Patio; Range/Oven; Refrigerator; Washer/Dryer
Unit 3: Range/Oven; Refrigerator
Listing Office: Edison Brokers & Co LLC
Listing Agent: Summer B Heeringa
Last Updated: December - 06 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.