253 Prospect Ave
Grand Rapids, MI 49503
1 bd 1 ba 520 sqft Built 1965 condos
Most recent sale
$205,000
Apr 10, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 18, 2026 | Sold | $210,000 | MichRic |
| Apr 2, 2026 | Listed | $219,900 | MichRic |
| Apr 10, 2024 | Sold | $205,000 | MichRic |
| Mar 1, 2024 | Listed | $209,000 | MichRic |
| Jul 15, 2021 | Sold | $170,000 | MichRic |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | — | — | $84,400 | $2,842 |
Property facts
Year built
1965
Property type
condos
Stories
2
Beds
1
Baths
1
Living area
520 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 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$780
Gross rental yield
4.57%
Implied cap rate
2.97%
Trend-extrapolated value
—
Frequently asked questions
When did 253 Prospect Ave last sell?
253 Prospect Ave most recently sold on Apr 10, 2024 for $205,000.
What is the current tax assessment for 253 Prospect Ave?
The most recent total assessment for 253 Prospect Ave (year 2022) is $84,400 with $2,842 in property tax.
How does 253 Prospect Ave's assessment compare to its last sale price?
The current assessment is 58.8% below the last sale price of $205,000.
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 1 bed, 1 bath, 520 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 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 Prospect Ave