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253 Prospect Ave

Grand Rapids, MI 49503

2 bd 1 ba 820 sqft Built 1965 condos
Most recent sale
$217,500
Jun 24, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 24, 2022 Sold $217,500 Public Record
Jun 21, 2022 Sold $217,500 MichRic
May 18, 2022 Price changed $225,000 MLS #22018416
May 17, 2022 Listed $240,000 MLS #22018416
Feb 17, 2020 Price changed for rent $1,150 ShowMojo
Feb 12, 2020 Listed for rent $1,495 ShowMojo

Tax assessment history

No tax assessment data

No assessment history available for this parcel.

Property facts

Year built
1965
Property type
condos
Stories
1
Beds
2
Baths
1
Living area
820 sqft
Lot size
ZIP code
49503
City
Grand Rapids
Street
Prospect Ave
Coordinates
42.96860, -85.66073

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,230
Gross rental yield
6.79%
Implied cap rate
4.41%
Trend-extrapolated value

Frequently asked questions

When did 253 Prospect Ave last sell?
253 Prospect Ave most recently sold on Jun 24, 2022 for $217,500.
What is the current tax assessment for 253 Prospect Ave?
No tax-assessment history is recorded for this parcel.
When was 253 Prospect Ave built?
253 Prospect Ave was built in 1965.
How does 253 Prospect Ave compare to others on Prospect Ave?
We track 8 other properties on Prospect Ave. Browse the list under "Other properties on Prospect Ave" to compare beds, baths, and sale history.
What are the property facts for 253 Prospect Ave?
253 Prospect Ave is a 2 bed, 1 bath, 820 sqft condos.
Is 253 Prospect Ave a flip candidate?
No — 253 Prospect Ave does not appear in our flips dataset.
Is 253 Prospect Ave a tax-appeal candidate?
No — 253 Prospect Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.9%
Implied 1-yr
+7.5%
2026 Q3
$432.4K
2026 Q4
$439.7K
ZIP 49503 — Median Price History + Forecast

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