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CondominiumResidential

253 Prospect Ave

GRAND RAPIDS, MI 49503
0.59 ac
Lot SizeThe size of the land the home sits on, from county records.
1933
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 19333 floors22 units330–1,030 ft²
$4.8M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$225K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$316
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+29.6%vs the Grand Rapids ZIP median sale $/ft² ($244)

Sales Performance

$220K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
9.1%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+3.5%per yeartypical hold 2.2 yrsfrom 6 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20212022202320242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20212022202320242026

30 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$120K$179K$239K$298K330 ft²470 ft²610 ft²750 ft²890 ft²1,030 ft²
Studio
Studio
22 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 0 ba · 520 ft²
3 units
Studio · 0 ba · 820 ft²
2 units
Studio · 0 ba · 870 ft²
2 units
Studio · 0 ba · 910 ft²
2 units
One-off layouts
13 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$120K–$120K
1 unit
$176K–$185K
3 units
$190K–$201K
5 units
$211K–$231K
4 units
$240K–$252K
5 units
$256K–$266K
3 units
$298K–$298K
1 unit

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 1
$285/ft²
Floor 2
$317/ft²
Floor 3
$330/ft²
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·02
$331/ft²
Line ·05
$326/ft²
Line ·04
$308/ft²
Line ·03
$284/ft²
Line ·01
$276/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.59%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.18%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.6 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.37%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.36%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$225,151
Median tax billThe middle annual property tax bill among the building's units.$4,008
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 308May 20, 2026$210,000Unit 105Apr 22, 2026$230,000Unit 308Apr 15, 2024$205,000Unit 201Jan 30, 2024$224,500Unit 306Jan 22, 2024$275,000Unit 205Aug 1, 2023$207,000Unit 208Feb 27, 2023$219,000Unit 206Sep 27, 2022$230,000Unit 207Sep 23, 2022$95,000Unit 207Jul 18, 2022$145,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.33
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
62
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
75
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
29
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyKENT
Lot (acres)The size of the land the home sits on, from county records.0.59
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Grand Rapids Montessori AcademyC-
Elementary · Grades PK–12 · 0.2 mi

District: Grand Rapids Public Schools

Neighborhood · ZIP 49503These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.149
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.78
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.20

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.30%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.23%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.40,149
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,306 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$59,548
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$76,334
Average tempThe average temperature here across a full year.47°F
Annual precipHow much rain and melted snow falls here in a typical year.37 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.46%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

253 Prospect Ave Ne # 101
820 ft²
$228K
253 Prospect Ave Ne # 102
520 ft²
$176K
253 Prospect Ave Ne # 103
870 ft²
$250K
253 Prospect Ave Ne # 104
910 ft²
$247K
253 Prospect Ave Ne # 105
930 ft²
$231K
253 Prospect Ave Ne # 201
1,020 ft²
$256K
253 Prospect Ave Ne # 202
610 ft²
$201K
253 Prospect Ave Ne # 203
1,030 ft²
$298K
253 Prospect Ave Ne # 204
530 ft²
$182K
253 Prospect Ave Ne # 205
570 ft²
$199K
253 Prospect Ave Ne # 206
870 ft²
$244K
253 Prospect Ave Ne # 207
330 ft²
$120K
253 Prospect Ave Ne # 208
680 ft²
$221K
253 Prospect Ave Ne # 301
800 ft²
$240K
253 Prospect Ave Ne # 302
590 ft²
$191K
253 Prospect Ave Ne # 303
910 ft²
$252K
253 Prospect Ave Ne # 304
600 ft²
$185K
253 Prospect Ave Ne # 305
510 ft²
$194K
253 Prospect Ave Ne # 306
820 ft²
$266K
253 Prospect Ave Ne # 307
520 ft²
$190K
253 Prospect Ave Ne # 308
520 ft²
$211K
253 Prospect Ave Ne # 309
920 ft²
$260K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 253 Prospect Ave

How many units are in 253 Prospect Ave, Grand Rapids, MI?

253 Prospect Ave, Grand Rapids, MI has 22 residential units across 3 floors, built in 1933, according to county assessor records.

What is a unit at 253 Prospect Ave, Grand Rapids, MI worth?

The median TopHap Estimate across the 22 units at 253 Prospect Ave, Grand Rapids, MI is $224,584. That works out to $316 per square foot. Units run from 330 to 1,030 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 253 Prospect Ave, Grand Rapids, MI expensive for Grand Rapids?

Units at 253 Prospect Ave, Grand Rapids, MI carry a median of $316 per square foot, 30% above the Grand Rapids median of $244 per square foot.

How often do units sell at 253 Prospect Ave, Grand Rapids, MI?

2 units at 253 Prospect Ave, Grand Rapids, MI sold in the last 12 months, out of 30 recorded arms-length sales all time. That is a turnover rate of 9.1% of the building per year. The median sale over that period was $220K.

Have units at 253 Prospect Ave, Grand Rapids, MI appreciated?

Across 6 repeat sales of the same unit, 253 Prospect Ave, Grand Rapids, MI returned a median 3.5% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 2.2 years.

What floor plans does 253 Prospect Ave, Grand Rapids, MI have?

The most common plan at 253 Prospect Ave, Grand Rapids, MI is a 0-bedroom of 520 square feet, repeated 3 times, with a median estimate of $189,718. TopHap identifies 4 recurring plans in the building.

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