Great corner lot in the C-2 Zoning District. Perfect spot for an office or retail business. Here is a link to City zoning ordinance. http://www.municode.com/resources/gateway.aspx?productID=14197
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Frewen Realty, LLC
Office Phone: (517) 647-7511
Listing Agent: Terence M Frewen
Exterior Features
Parking Information:
Attached Garage: No
Parking: None
Lot Features
Lot Information:
Lot Size: 0.29 Acres
Other
Directions Information:
Directions: Corner of Grand River Ave. & North Warren
Price Information
Listing Price Info
Price Summary:
List Price: $59,900
Tax Information:
Annual Amount: $887
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Portland, MI.
This property is $186.1K less than the Median Sold Price in Portland, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Lansing Association of REALTORS®
MLS Number: #283411
Listing Office:
Office Name: Coldwell Banker Frewen Realty, LLC
Office Phone: (517) 647-7511
Listing Agent: Terence M Frewen
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$366
Per Month
Principal & Interest
$299
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$246
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Westwood Elementary School
883 Cross St
Distance between this listing and this school1.20 miles
Public District Grades 3-5
4
/10
Twin Rivers Elementary School
435 Lou Lemke Ln
Distance between this listing and this school9.30 miles
Public District Grades PK-5
7
/10
Pewamowestphalia Elementary School
430 W Jefferson St
Distance between this listing and this school9.34 miles
Public District Grades PK-5
Nearby Schools
5
/10
Portland Middle School
745 Storz St
Distance between this listing and this school0.65 miles
Public District Grades 6-8
5
/10
Ionia Middle School
438 Union St
Distance between this listing and this school11.65 miles
Public District Grades 6-8
7
/10
Waldron Elementary/Middle School
11214 W Kent St
Distance between this listing and this school12.35 miles
Public Magnet Grades KG-8
Nearby Schools
5
/10
Portland High School
1100 Ionia Rd
Distance between this listing and this school1.32 miles
Public District Grades 9-12
9
/10
Pewamowestphalia Middlehigh School
5101 S Clintonia Rd
Distance between this listing and this school5.93 miles
Public District Grades 6-12
7
/10
Ionia High School
250 E Tuttle Rd
Distance between this listing and this school10.47 miles
The neighbors living near this home have an average income of $36,957. Typical income of Portland, MI residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 507 E Grand River Ave
What is the listing price of this property?
The listing price of 507 E Grand River Ave property is $59,900.
What type of property is this?
The property 507 E Grand River Ave is land located in Portland, Michigan, 48875.
Is this property for sale now?
Active Listing: 507 E Grand River Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $887 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on February 16, 2005 for $30,000. (source: MLS/tax record).
How much acreage is this property?
The property 507 E Grand River Ave is 0.29 acres.
Interested in 507 E Grand River Ave? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 507 E Grand River Ave in Portland, MI and zip code 48875. This home sits on a 0.29 acre lot. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $59,900.
Over 3 listings were sold over their listed price in November 2024 in Portland, MI. In the same period over 3 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Portland, MI between October 2024 and November 2024 increased by 15%. Listings spent 33 days on the market in November 2024, and had a median list price of $246,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.