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1566 Wealthy St SE, Grand Rapids, MI, 49506

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
Multi

Location

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1566 Wealthy St SE, Grand Rapids$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1895
HeatingNatural Gas, Forced Air
BasementYes
MLS #65024058491
Lot Size0.22 Acres
StatusActive

About 1566 Wealthy St SE

Welcome to 1566 Wealthy St., a prime investment opportunity in the heart of the thriving East Town neighborhood. This 5-unit property is ideally located within walking distance to the best shops, restaurants, and attractions along Wealthy Street. With strong rental income and excellent growth potential, this is an ideal addition to any portfolio. The building also features convenient coin-operated laundry in the basement. Act fast--properties like this don't come around often!

Property Details

Property Features

Property Information:

  • Year Built: 1895

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: One Blk E Of Lake Dr. And Wealthy.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000

Tax Information:

  • Annual Amount: $6,066
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$309.8K

Med. Price/SqFt

$232

Avg. Days On Market

20

# of Sold Homes

301

1566 Wealthy St SE vs Grand Rapids

7 DAYS ON ROCKET

-13 Days

$499,000

+$189.1K More

KEY TAKEAWAY

This property is $189.1K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024058491

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 7:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 02, 2019Home Sold
$325,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,066$150,500
2020$6,066$150,500
2019$5,760$117,700
2018$3,172$110,600
2017$3,436$100,900

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-449683
1
/10

  • Campus Elementary School

  • 710 Benjamin Ave SE

  • 0.50 miles

  • Public District Grades PK-5

school-card-donut-449684
3
/10

  • William C Abney Academy Elementary School

  • 1435 Fulton St E

  • 0.62 miles

  • Public Charter Grades KG-6

school-card-donut-449685
8
/10

  • Wealthy School

  • 1961 Lake Dr SE

  • 0.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,419. The majority of Grand Rapids, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49506›1566 Wealthy St SE

This home is located at 1566 Wealthy St SE in Grand Rapids, MI and zip code 49506 in the Eastown neighborhood. This home, which was built in 1895, sits on a 0.22 acre lot. It has been listed on Rocket Homes since November 08, 2024 and is currently priced at $499,000.

While more than 114 listings in Grand Rapids, MI in October 2024 were sold above asking price, there were more than 62 listings sold at asking price, and more than 124 were sold below. Between September 2024 and October 2024, Grand Rapids, MI real estate market has seen increase in the number of listings by 8.6%. Listings spent 20 days on the market in October 2024, and had a median list price of $309,869 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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