1231 Fay Ave
Grand Rapids, MI 49504
3 bd 1 ba 1,699 sqft Built 1951 Lot 7,328 sqft single_family
Most recent sale
$245,000
Aug 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 12, 2025 | Sold | $306,000 | MichRic |
| Aug 22, 2022 | Sold | $245,000 | Public Record |
| Aug 18, 2022 | Sold | $245,000 | MichRic |
| Jul 15, 2022 | Listed | $240,000 | MLS #22029641 |
| Jun 28, 2019 | Sold | $160,000 | Public Record |
| Jun 7, 2019 | Sold | $160,000 | MichRic |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | — | — | $82,500 | $2,563 |
| 2020 | — | — | $78,900 | $2,866 |
| 2019 | — | — | $70,900 | $2,964 |
| 2018 | — | — | $69,200 | $1,888 |
| 2017 | — | — | $69,100 | $1,838 |
| 2016 | — | — | $66,200 | $1,859 |
| 2015 | — | — | $61,800 | $1,729 |
| 2014 | — | — | $56,400 | $1,686 |
| 2013 | — | — | $51,600 | $1,620 |
| 2012 | — | — | $52,000 | $1,558 |
| 2011 | — | — | $57,500 | $1,460 |
| 2009 | — | — | $69,800 | $1,435 |
| 2008 | — | — | $66,200 | $1,381 |
Property facts
Year built
1951
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,699 sqft
Lot size
7,328 sqft
ZIP code
49504
City
Grand Rapids
Street
Fay Ave
Coordinates
42.98713, -85.74612
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,549
Gross rental yield
12.48%
Implied cap rate
8.12%
Trend-extrapolated value
—
Frequently asked questions
When did 1231 Fay Ave last sell?
1231 Fay Ave most recently sold on Aug 22, 2022 for $245,000.
What is the current tax assessment for 1231 Fay Ave?
The most recent total assessment for 1231 Fay Ave (year 2021) is $82,500 with $2,563 in property tax.
How does 1231 Fay Ave's assessment compare to its last sale price?
The current assessment is 66.3% below the last sale price of $245,000.
When was 1231 Fay Ave built?
1231 Fay Ave was built in 1951.
How does 1231 Fay Ave compare to others on Fay Ave?
We do not currently track other properties on Fay Ave.
What are the property facts for 1231 Fay Ave?
1231 Fay Ave is a 3 bed, 1 bath, 1,699 sqft, 7,328 sqft lot single_family.
Is 1231 Fay Ave a flip candidate?
No — 1231 Fay Ave does not appear in our flips dataset.
Is 1231 Fay Ave a tax-appeal candidate?
No — 1231 Fay Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.0%
Implied 1-yr
+8.0%
2026 Q3
$331.5K
2026 Q4
$337.4K
ZIP 49504 — Median Price History + Forecast
Explore nearby
Geography