Here are the 10 Most Expensive Homes Sold in the City of Grand Rapids in 2024!

Also included: Most Expensive Condo, Most Expensive Lake House, Most Expensive Home Sold in Kent County Michigan

#1 – $1,250,000

2645 Capilano Drive SE, Grand Rapids, MI 49546
Listing Broker: ReSide

#2 – $970,000

2266 7th Street NW, Grand Rapids, MI 49504
Listing Broker: Berkshire Hathaway

#3 – $925,000

2540 Ridgecroft Avenue SE, Grand Rapids, MI 49546
Listing Broker: Greenridge

#4 – $919,000

2346 Mission Hills Drive SE, Grand Rapids, MI 49546
Listing Broker: Greenridge

#5 – $915,000

423 Madison Avenue SE, Grand Rapids, MI 49503
Listing Broker: Greenridge

#6 – $910,000

2614 Littlefield Drive NE, Grand Rapids, MI 49506
Listing Broker: Berkshire Hathaway

#7 – $910,000

2356 Mission Hills Drive SE, Grand Rapids, MI 49546
Listing Broker: Bellabay

#8 – $908,000

2616 Greentree Drive SE, Grand Rapids, MI 49546
Listing Broker: Apex Realty Group

#9 – $900,000

2447 Belleglade Drive SE, Grand Rapids, MI 49546
Listing Broker: Greenridge

#10 (tie) – $875,000

232 Morris Avenue SE, Grand Rapids, MI 49503
Listing Broker: Josh Company

#10 (tie) – $875,000

126 Lafayette Avenue NE, Grand Rapids, MI 49503
Listing Broker: B Home and Co.

Most Expensive Condo Sold in Grand Rapids in 2024:
$1,271,550

144 Oakes Street 2101 SW, Grand Rapids, MI 49503
Listing Broker: Patriot Realty

Most Expensive Home Sold in Kent County Michigan in 2024:
$4,500,000

7535 Winsfield Lane SE, Grand Rapids, MI 49546
Listing Broker: ReSide

Most Expensive Michigan Lake Home Sold in 2024:

$7,000,000
16096 Lake Avenue, Union Pier, MI 49129
Listing Broker: @properties Christie’s International

Compiled by Pete Bruinsma of Grand River Realty

The first time buyers market seems pretty impossible sometimes, and now the Spring Market is almost here again. We expect the competition will heat up with the weather, and prices will rise.

If it feels like you are getting outbid over and over again, the very best thing to do is talk to a trained, experienced professional at Grand River Realty. Our agents will bolster up your offer and actively advocate on your behalf with other agents and sellers. That said, here are a few additional incentives available only for first time buyers.

Advantage, you say? First time buyers?? Yep. We’ve collected as many as we can find for you, and we’ll keep adding to this list.

Hot Tip
Tired of offer deadlines and multiple offers? View some homes that have been on the market for a week or more. Here’s an active list of homes in Kent County that have been listed for 8-366 days. This avoids the hottest listings that will sell in the first few days on the market. This list does include new construction, condos, and multifamily investment properties:
http://link.flexmls.com/1qzpfv82peas,18
Note, with some browsers the user will need to hit “refresh” 1-2 times before the “Days on Market” filter will kick in. We have a ticket into technical support about it. If you hit “refresh” 1-2 times and the number of matches drops, you’ve experienced this issue.

Disclaimer
Please keep in mind that promotions do expire, details change, and additional stipulations exist. The following links are posted as a starting point and omit many of the specifics of each program in the interest of keeping the post concise, and in a “list” format. 

Fifth Third Down Payment Assistance Program
Get up to $3,600 toward your down payment or closing costs depending on the loan type you choose, no payback required
https://www.53.com/content/fifth-third/en/personal-banking/borrowing-basics/down-payment-assistance-resources.html

State of Michigan, MSHDA
$10,000 and $7500 DPA programs (These are no-interest loans)
https://www.michigan.gov/mshda/Homeownership

Michigan Buyer Savings Account
This is new in 2022, its kind of like saving for college or retirement, the max you can save is $5,000, or $10,000 for joint filers. The benefit to doing this is “favorable state tax treatment.”
https://www.michigan.gov/treasury/reference/taxpayer-notices/notice-first-time-home-buyers

Freddie Mac Home Possible and BorrowSmart programs
Smaller incentives available from participating lenders.
https://sf.freddiemac.com/working-with-us/origination-underwriting/mortgage-products/home-possible
https://sf.freddiemac.com/content/_assets/resources/pdf/marketing-materials/freddie_mac_borrowsmart_program_marketing_branding_guidelines.pdf

Grand Rapids Homebuyer Assistance Fund (income qualified)
https://www.grandrapidsmi.gov/Government/Programs-and-Initiatives/Homebuyer-Assistance-Fund

Here are some federal incentives
Nothing much new here but worth a first-time browse.
https://www.usa.gov/buying-home

Flagstar Gift Program
• Borrower must qualify for the Fannie Mae Homeready product or Freddie Mac Homepossible program
• Borrower is able to receive a gift up to $7500 towards down payment or 3% of purchase price (whichever is less). There is no repayment on this gift from Flagstar Bank.
• Income limit varies based off location of home https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map
• Minimum loan to value 95% ( borrowers can’t put more than 5% down payment )
• 620 credit score
• Conventional with PMI

Flagstar Destination Home Product
• 100% financing, no down payment, however borrower is responsible for 1% of the purchase price to be applied towards closing costs
• Income limit varies based off the location of the home

Rent to Own
Grand River Realty has partnered with an REIT to purchase homes with cash that are listed on the MLS. You become a tenant. When you are ready, refinance into homeownership with a mortgage. Qualify or get started here:
https://grandriverrealty.com/rent-to-own/

Appraisal Rebates
Coast One Mortgage, Gold Star Mortgage, others
Some banks have these and there are various qualifiers and stipulations. Its worth asking your loan officer.

Chenoa Fund
Down Payment Assistance for FHA Loans
https://chenoafund.org/realtor/providing-down-payment-assistance-on-fha-and-conventional-loans/

HOW TO APPLY FOR ANY OF THESE
Questions on any of these offerings? Want local contact numbers for one of these programs? Please ask Grand River Realty by filling out the contact form or by contacting your favorite Grand River Realty agent. You will receive an immediate response.

West Michigan’s annual GRAR installation and awards ceremony was held December 9, 2022. Pinnacle Award winners are announced at this event in front of top industry leaders and peers. Pete Bruinsma was thrilled to be recognized with a Committee Service Award.

photo by Harr Creative

The Government Affairs Committee meets as needed, stays in contact with regional politicians and interviews political candidates. 2022 was a big year for that, and the committee put in quite a bit of work. Congrats to all members of the committee who worked so hard in 2022!

photo by Harr Creative

Coworker Tedros Fremichael also took home an award at the 2022 ceremony, and was further recognized as GRARLA graduate.

photo by Scott Rider

Pete took home a Pinnacle Award last year for Pride of Ownership/Rehab.

photo by Harr Creative

Congrats to everyone involved, and thanks to the staff of the Greater Regional Alliance of Realtors (GRAR)! Here’s the list of 2022 recipients.

photo by Harr Creative

This is a comparison of Zillow charts that show average home prices in Grand Rapids Michigan and some comparable markets. Average Sale prices as of March 2022: Grand Rapids $252k, Ann Arbor $470k, Detroit $65k, Battle Creek 161K, Madison WI $265K, Indianapolis $217K, Cape Coral FL $393k.