4 months on rocket

940 Monroe Ave NW Unit 457, Grand Rapids, MI, 49503

$327,000

Home List Price

$3,883*

Closing Credit

2 Bedrooms
1 Full Bath
1,045 SqFt
$313/SqFt
Condo

Location

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940 Monroe Ave NW Unit 457, Grand Rapids$327,000

Buyer Closing Credits

$3,883*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAttached
Attached Garage1 space
Year Built1893
HeatingHeat Pump
CoolingCentral Air
WaterfrontRiver
Private PoolYes
MLS #24032626
StatusActive

About 940 Monroe Ave NW Unit 457

Downtown living at its best with this 4th-floor condo with a view of the Grand River! 940 Monroe was built as a furniture factory back in the late 1800s and is now home to 246 residential and 30 commercial units. This unit features large windows with a ton of natural light, 2 bedrooms, and 1 full bath. Solar blinds in the living room, exposed brick, open concept in the kitchen, dining area, and living room. A ventless washer and dryer are in one of the bedroom closets and this unit is located only 4 condos away from the parking garage, making it extremely convenient. Boardwalk offers a restaurant called Brickyard Tavern, a pool, a hot tub, an entertainment area with shuffleboard, a pool table, air hockey, and a lounge area—also, a rooftop deck with views of the city and river. One parking space comes with the unit, however, you can rent another space. Additional storage is available to rent on the 4th floor. Come check out this incredible condo today!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1893
  • Stories: 1
  • Living Area: 1,045 SqFt

Listing Office:

  • Office Name: RE/MAX of Grand Rapids (FH)
  • Office Phone: (616) 957-0700
  • Listing Agent: Scott A Bradford, Josh May

Interior Features

Interior Information:

  • Appliances: Washer, Refrigerator, Range, Oven, Microwave, Dryer, Disposal, Dishwasher
  • Basement: No
  • Interior: Security System, Kitchen Island, Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: River

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot: Sidewalk

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • City Middle/High School, Public Magnet Grades 7-12
  • Grand Rapids University Preparatory Academy, Public Magnet Grades 6-12
  • Riverside Middle School, Public District Grades 6-8
  • Coit Arts Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: North on Monroe, just north of Mason on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $327,000
  • Price Per SqFt: $313/SqFt

HOA Fees:

  • Amount: $395
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $3,905
  • 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

$306.4K

Med. Price/SqFt

$231

Avg. Days On Market

18

# of Sold Homes

290

940 Monroe Ave NW Unit 457 vs Grand Rapids

127 DAYS ON ROCKET

+109 Days

$327,000

+$20.5K More

$313/SqFt

+$81 More

KEY TAKEAWAY

This property is $20.5K more than the Median Sold Price and $81/SqFt more than other homes in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24032626

Listing Office:

  • Office Name: RE/MAX of Grand Rapids (FH)
  • Office Phone: (616) 957-0700
  • Listing Agent: Scott A Bradford, Josh May

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 10:20:55 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

Nov 21, 2018Home Sold
$232,000
Aug 21, 2007Home Sold
$215,159

Tax History

YEARPROP. TAXASSESSMENT
2021$3,905$128,500
2020$3,905$122,500
2019$4,990$111,000
2018$5,015$111,000
2017$4,779$108,600

History based on county public records data.

Payment Calculator

$2,095

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,047

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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.

Elementary School

school-card-donut-874841
3
/10

  • Coit Arts Academy

  • 617 Coit Ave NE

  • 0.50 miles

  • Public District Grades KG-5

Middle School

school-card-donut-874842
4
/10

  • Riverside Middle School

  • 265 Eleanor St NE

  • 1.92 miles

  • Public District Grades 6-8

High School

school-card-donut-874843
9
/10

  • City Middle/High School

  • 1720 Plainfield Ave NE

  • 1.13 miles

  • Public Magnet Grades 7-12

school-card-donut-874844
6
/10

  • Grand Rapids University Preparatory Academy

  • 512 Division Ave S

  • 1.80 miles

  • Public Magnet Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,840. The majority of Grand Rapids, MI residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 940 Monroe Ave NW Unit 457

What is the listing price of this property?

The listing price of 940 Monroe Ave NW Unit 457 property is $327,000.

What type of property is this?

The property 940 Monroe Ave NW Unit 457 is a condo located in Grand Rapids, Michigan, 49503.

Is this property for sale now?

Active Listing: 940 Monroe Ave NW Unit 457 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 940 Monroe Ave NW Unit 457 are:
Coit Arts Academy: GreatSchools Rating 3/10
Riverside Middle School: GreatSchools Rating 4/10
City Middle/High School: GreatSchools Rating 9/10
Grand Rapids University Preparatory Academy: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,905 (source: MLS/based on county public records data).

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

The last sale was on November 21, 2018 for $232,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 940 Monroe Ave NW Unit 457 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 940 Monroe Ave NW Unit 457 is 1,045 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 940 Monroe Ave NW Unit 457 is 1893.

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›940 Monroe Ave NW Unit 457

This home is located at 940 Monroe Ave NW Unit 457 in Grand Rapids, MI and zip code 49503 in the Belknap Lookout neighborhood. This 1,045 square foot home was built in 1893. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $327,000.

In September 2024, from all listings sold in Grand Rapids, MI there were more than 121 sold above asking price, over 121 sold below and more than 48 were sold right at the asked price. The number of homes for sale in Grand Rapids, MI decreased by 3% between August 2024 and September 2024. The median list price of listings available in September 2024 was $306,457, while the average time on the real estate market was 18 days.

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

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