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CondominiumResidential
$377,202$319 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $205,000 on Nov 1, 2013

940 MONROE AVE NW UNIT 507

GRAND RAPIDS, MI 49503
Building report
1
Baths
1,184 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1892
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$377K
$357K low$397K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$205,000 · Nov 1, 2013

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,751 (2021)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$184,300 (2025)
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$172,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$368,600

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.49
78
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.
76
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.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.31 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
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.0.2 percent flood zone

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
CountyKent
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2007
HeatingThe type of heating system in the home.Forced Air
CoolingThe type of cooling or air conditioning in the home.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Coit Creative Arts AcademyC-
Elementary · Grades PK–5 · 0.5 mi
M
City High Middle SchoolA+
Middle · Grades 7–12 · 1.1 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%

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

How this home compares

940 Monroe Ave Nw Unit 507 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 84% of homes in Belknap Lookout
  • Costs more per square foot than 88% of homes in Grand Rapids 49503
  • Smaller than 70% of homes in Kent County
  • Older than 97% of homes in Kent County

What homes are worth in Grand Rapids 49503

Each bar is how many homes fall in that price range. The marker is this home.

This home
$136K$756K

This home is worth more than 78% of homes in Grand Rapids 49503.

How it measures up in Grand Rapids 49503

The dot is this home. The mark in the middle is the typical home in Grand Rapids 49503.

Estimated value$377,202
CheaperTypical $276,871Pricier

Pricier than 78% of homes nearby

Price per ft²$319
CheaperTypical $223Pricier

Pricier than 88% of homes nearby

Living area1,184 ft²
SmallerTypical 1,354 ft²Bigger

Bigger than 35% of homes nearby

Year built1892
OlderTypical 1917Newer

Newer than 18% of homes nearby

How 940 Monroe Ave Nw Unit 507 ranks against every home in each area.
MeasureThis homeBelknap LookoutGrand Rapids 49503Kent County
Estimated valuepricier than$377,20284% of homes78% of homes59% of homes
Price per ft²pricier than$31976% of homes88% of homes84% of homes
Living areabigger than1,184 ft²46% of homes35% of homes30% of homes
Year builtnewer than189245% of homes18% of homes3% of homes

About 940 Monroe Ave Nw Unit 507

How much is 940 Monroe Ave Nw Unit 507, Grand Rapids, MI worth?

The TopHap Estimate for 940 Monroe Ave Nw Unit 507, Grand Rapids, MI is $377,202 as of Oct 21, 2026. The likely range is $357,124 to $397,280. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 940 Monroe Ave Nw Unit 507, Grand Rapids, MI last sell?

940 Monroe Ave Nw Unit 507, Grand Rapids, MI last sold on Nov 1, 2013 for $205,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 940 Monroe Ave Nw Unit 507, Grand Rapids, MI?

940 Monroe Ave Nw Unit 507, Grand Rapids, MI has 1 bathrooms and 1,184 square feet of living space.

When was 940 Monroe Ave Nw Unit 507, Grand Rapids, MI built?

940 Monroe Ave Nw Unit 507, Grand Rapids, MI was built in 1892, making it 134 years old. The building has 1 story.

What schools serve 940 Monroe Ave Nw Unit 507, Grand Rapids, MI?

940 Monroe Ave Nw Unit 507, Grand Rapids, MI is assigned to Coit Creative Arts Academy (elementary), rated C-; City High Middle School (middle), rated A+. All sit in Grand Rapids Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 940 Monroe Ave Nw Unit 507, Grand Rapids, MI compare to other homes in Grand Rapids 49503?

Among the 9,993 homes in Grand Rapids 49503, it is worth more than 78% of them ($377,202 against a typical $276,871), its price per square foot is higher than 88% of them ($319 against a typical $223), it is bigger than 35% of them (1,184 ft² against a typical 1,354 ft²) and it is newer than 18% of them (1892 against a typical 1917). Measured against all of Kent County, it is worth more than 59% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 940 Monroe Ave Nw Unit 507, Grand Rapids, MI?

The 2021 property tax bill for 940 Monroe Ave Nw Unit 507, Grand Rapids, MI was $3,751. The county assessed it at $184,300.

More homes on Monroe Ave Nw Unit 507

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