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940 Madison Ave SE, Grand Rapids, MI, 49507

$249,900

Home List Price

$2,968*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,676 SqFt
$149/SqFt
House

Location

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940 Madison Ave SE, Grand Rapids$249,900

Buyer Closing Credits

$2,968*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Detached, SharedDriveway
Garage2 spaces
Year Built1910
HeatingForced Air, Natural Gas
BasementYes
MLS #65024056787
Lot Size0.14 Acres
StatusActive

About 940 Madison Ave SE

Beautiful 3 bedroom 1.5 bath at desirable SE location across from Madison Park Elementary school and Gerald R. Ford Academic Center. Home boasts natural woodwork and refinished hardwood floors with fresh coat of paint. The character and design of this 1910 era home is outstanding. They simply do not build homes like this anymore. The home was built over 100 years ago with triple french doors, a wonderful window seat, a beautiful staircase, a welcoming front porch and a 2 car garage. Newer roof shingles and windows, updated electrical and plumbing and newer furnace. Tenants are month to month and have agreed to move out prior to closing. Buyer to verify all information. **Tenants rights apply**

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1910
  • Stories: 2
  • Living Area: 1,676 SqFt

Listing Office:

  • Office Name: American Real Estate Services
  • Office Phone: (616) 918-6430
  • Listing Agent: Evan M Case

Interior Features

Interior Information:

  • Appliances: Dishwasher, Oven, Refrigerator, Range
  • Basement: Yes
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Concrete, Detached, SharedDriveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Franklin to Madison then just 2 blocks south to the house.

Price Information

Listing Price Info

Price Summary:

  • List Price: $249,900
  • Price Per SqFt: $149/SqFt

Tax Information:

  • Annual Amount: $1,874
  • 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

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

940 Madison Ave SE vs Grand Rapids

53 DAYS ON ROCKET

+31 Days

$249,900

-$60.1K Less

$149/SqFt

-$36 Less

KEY TAKEAWAY

This property is $60.1K less than the Median Sold Price and $36/SqFt less 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: #65024056787

Listing Office:

  • Office Name: American Real Estate Services
  • Office Phone: (616) 918-6430
  • Listing Agent: Evan M Case

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: 12/22/2024, 5:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 07, 2017Home Sold
$118,000
May 06, 2008Home Sold
$84,000
Jan 10, 2006Home Sold
$71,200
Nov 02, 2005Home Sold
$54,500

Tax History

YEARPROP. TAXASSESSMENT
2021$1,874$61,100
2020$1,874$53,600
2019$955$42,200
2018$967$34,300
2017$899$32,100

History based on county public records data.

Payment Calculator

$1,315

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$816

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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-878103
8
/10

  • Grand Rapids Child Discovery Center

  • 409 Lafayette Ave SE

  • 0.69 miles

  • Public Charter Grades KG-5

school-card-donut-878104
4
/10

  • Southwest Community Campus School

  • 801 Oakland Ave SW

  • 1.12 miles

  • Public District Grades PK-6

school-card-donut-878105
1
/10

  • Campus Elementary School

  • 710 Benjamin Ave SE

  • 1.15 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 $31,000. The most common annual income of people living in Grand Rapids, MI is less than $35k. The most common type of family is single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 940 Madison Ave SE

What is the listing price of this property?

The listing price of 940 Madison Ave SE property is $249,900.

What type of property is this?

The property 940 Madison Ave SE is a house located in Grand Rapids, Michigan, 49507.

Is this property for sale now?

Active Listing: 940 Madison Ave SE 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 $1,874 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 7, 2017 for $118,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 940 Madison Ave SE has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 940 Madison Ave SE is 1,676 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 940 Madison Ave SE is 1910.

Rocket Homes›Michigan›Kent County›Grand Rapids›49507›940 Madison Ave SE

This home is located at 940 Madison Ave SE in Grand Rapids, MI and zip code 49507 in the Madison Area neighborhood. This 1,676 square foot home, which was built in 1910, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $249,900.

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 inventory of homes for sale in Grand Rapids, MI between October 2024 and November 2024 decreased by 10.4%. In November 2024 median list price was $310,027 and the average listing age was 22 days.

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

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