505 Cherry St
Grand Rapids, MI 49503
2 bd 1 ba 974 sqft Built 1949 condo
Most recent sale
$217,200
Jun 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 16, 2026 | Listed for rent | $1,950 | AppfolioUnits |
| Jun 22, 2022 | Sold | $217,200 | Public Record |
| Jun 7, 2022 | Sold | $217,200 | MichRic |
| May 12, 2022 | Listed | $199,900 | MLS #22017451 |
| Apr 15, 2020 | Sold | $180,000 | Public Record |
| Apr 13, 2020 | Sold | $180,000 | MichRic |
| Apr 12, 2017 | Sold | $165,800 | Public Record |
| Jan 22, 2013 | Sold | $112,800 | Public Record |
| Jul 24, 2007 | Sold | $138,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $74,800 | $2,395 |
| 2020 | — | — | $70,200 | $2,455 |
| 2019 | — | — | $70,200 | $2,470 |
| 2018 | — | — | $68,700 | $2,390 |
| 2017 | — | — | $67,600 | $1,831 |
| 2016 | — | — | $61,600 | $2,808 |
| 2015 | — | — | $56,300 | $2,675 |
| 2014 | — | — | $56,300 | $2,618 |
| 2013 | — | — | $50,700 | $2,515 |
| 2012 | — | — | $59,700 | $2,958 |
| 2011 | — | — | $66,100 | $3,197 |
| 2009 | — | — | $69,600 | $2,093 |
| 2008 | — | — | $69,600 | $2,104 |
Property facts
Year built
1949
Property type
condo
Stories
—
Beds
2
Baths
1
Living area
974 sqft
Lot size
—
ZIP code
49503
City
Grand Rapids
Street
Cherry St
Coordinates
42.95992, -85.65609
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,461
Gross rental yield
8.07%
Implied cap rate
5.25%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Cherry St last sell?
505 Cherry St most recently sold on Jun 22, 2022 for $217,200.
What is the current tax assessment for 505 Cherry St?
The most recent total assessment for 505 Cherry St (year 2021) is $74,800 with $2,395 in property tax.
How does 505 Cherry St's assessment compare to its last sale price?
The current assessment is 65.6% below the last sale price of $217,200.
When was 505 Cherry St built?
505 Cherry St was built in 1949.
How does 505 Cherry St compare to others on Cherry St?
We track 8 other properties on Cherry St. Browse the list under "Other properties on Cherry St" to compare beds, baths, and sale history.
What are the property facts for 505 Cherry St?
505 Cherry St is a 2 bed, 1 bath, 974 sqft condo.
Is 505 Cherry St a flip candidate?
No — 505 Cherry St does not appear in our flips dataset.
Is 505 Cherry St a tax-appeal candidate?
No — 505 Cherry St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.9%
Implied 1-yr
+7.5%
2026 Q3
$432.4K
2026 Q4
$439.7K
ZIP 49503 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cherry St