4 months on rocket

505 Cherry St SE Unit 601, Grand Rapids, MI, 49503

$199,000

Home List Price

$2,363*

Closing Credit

1 Bedroom
1 Full Bath
720 SqFt
$276/SqFt
Condo

Location

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505 Cherry St SE Unit 601, Grand Rapids$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingPaved, PermitRequired, Carport
Year Built1949
HeatingHot Water, Natural Gas
CoolingWindow Unit(s)
BasementYes
MLS #65024038478
StatusActive

About 505 Cherry St SE Unit 601

Experience urban living at its finest in this quaint 6th-floor condominium located in the heart of the rapidly growing downtown of Grand Rapids. This single bed & bath unit offers a perfect blend of comfort and convenience. The open concept is sure to entertain and comfort, flowing from the entrance through the living room, dining, and kitchen into the spacious bedroom. The beautifully west-facing windows showcase the city's skylines and provide stunning natural light throughout the space. The well-appointed kitchen offers plenty of storage and ample counter space to entertain. With all that downtown has to offer between restaurants, shopping, entertainment, and endless resources all within walking distance, you can't go wrong here in Hillmount. Other amenities included are a fitness center, bonus storage, laundry facilities, a rooftop deck with entertainment, and covered parking by permit (current wait list). Don't miss out on the views from this spectacular condo!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1949
  • Stories: 3
  • Living Area: 720 SqFt

Listing Office:

  • Office Name: Icon Realty Group LLC
  • Office Phone: (616) 216-2000
  • Listing Agent: Bryce A Balcer

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 1

Exterior Features

Parking Information:

  • Parking: Paved, PermitRequired, Carport

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: North side of Cherry St SE, between Union Ave and College Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
  • Price Per SqFt: $276/SqFt

HOA Fees:

  • Amount: $505
  • Frequency: Monthly
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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

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

505 Cherry St SE Unit 601 vs Grand Rapids

148 DAYS ON ROCKET

+126 Days

$199,000

-$111K Less

$276/SqFt

+$91 More

KEY TAKEAWAY

This property is $111K less than the Median Sold Price and $91/SqFt more than other homes 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: #65024038478

Listing Office:

  • Office Name: Icon Realty Group LLC
  • Office Phone: (616) 216-2000
  • Listing Agent: Bryce A Balcer

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: 12/21/2024, 11:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,566

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

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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-820481
8
/10

  • Grand Rapids Child Discovery Center

  • 409 Lafayette Ave SE

  • 0.43 miles

  • Public Charter Grades KG-5

school-card-donut-820482
6
/10

  • Congress Elementary School

  • 940 Baldwin St SE

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-820483
3
/10

  • William C Abney Academy Elementary School

  • 1435 Fulton St E

  • 1.11 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,292. The majority of Grand Rapids, MI residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Cherry St SE Unit 601

What is the listing price of this property?

The listing price of 505 Cherry St SE Unit 601 property is $199,000.

What type of property is this?

The property 505 Cherry St SE Unit 601 is a condo located in Grand Rapids, Michigan, 49503.

Is this property for sale now?

Active Listing: 505 Cherry St SE Unit 601 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 505 Cherry St SE Unit 601 has 1 bedroom and 1 bathroom.

What is the square footage of this property?

The property 505 Cherry St SE Unit 601 is 720 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Cherry St SE Unit 601 is 1949.

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›505 Cherry St SE Unit 601

This home is located at 505 Cherry St SE Unit 601 in Grand Rapids, MI and zip code 49503 in the Heritage Hill neighborhood. This 720 square foot home was built in 1949. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since July 26, 2024 and is currently priced at $199,000.

In November 2024, from all listings sold in Grand Rapids, MI there were more than 93 sold above asking price, over 122 sold below and more than 62 were sold right at the asked price. The number of listings in Grand Rapids, MI decreased by 10.4% between October 2024 and November 2024. Listings spent 22 days on the market in November 2024, and had a median list price of $310,027 during the same period.

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

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