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505 Cherry Street SE 517, Grand Rapids, MI 49503

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For Sale

$239,900

2 beds • 1 baths • 824 sqft

Estimated Payment

$ 1,466 /mo. †

6.63% APR for 30 yrs.
$2,838 in taxes
Change Loan Terms

  • Condominium
    Property type

  • $291.14
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Opportunity to own one of fewer than 10 units with in-unit laundry at The Hillmount in Heritage Hill. Imagine calling this striking 1949 Art Moderne building your home. 0.4 miles west of the Cherry Street shopping district & north of the Wealthy Street corridor with local shops, restaurants, & bars. 1.2 miles south of Corewell Hospital & university hubs along Michigan Ave. This 5th floor unit boasts north-facing windows. An open main entertaining area includes the kitchen with quartz counters, and center island with gas range. Ample storage throughout, and an assigned storage cage in the basement. Monthly HOA dues include fitness facility, on-site laundromat, rooftop deck with GR skyline views, heat, water, gas, fiber internet, sewer, trash, recycling, snow removal and landscaping of a lovely flower garden in front. Uncovered parking in a private lot is included; carport parking assigned via wait list. Carpets were cleaned and walls freshly painted in Nov. 2024. 2 Pets (1 dog) allowed per unit.
MLS# 24058205

Courtesy Of Five Star Real Estate
4601 Lake Michigan Drive, Grand Rapids, MI 49534
(616) 608-0600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dishwasher, Dryer, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Brick
  • Heating System
    Radiant
  • Lot Size
    1.86 Acres

Map and Directions

Directions to 505 Cherry Street SE 517, Grand Rapids, MI 49503

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $1,230
  • Property Taxes
    $236
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,466

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Center For Economicology

Grades 6 Public School

Grand Rapids, MI 49505 2.3 miles
1720 plainfield ave ne

44 total students
19:1 Student teacher ratio

School Rating: A-

School Details

Blandford Nature Center

Grades 6 Public School

Grand Rapids, MI 49534 5.1 miles
3143 milo st nw

49 total students
18:1 Student teacher ratio

School Rating: A-

School Details

John Ball Park Zoo School

Grades 6 Public School

Grand Rapids, MI 49504 2.3 miles
1300 fulton st w

55 total students
20:1 Student teacher ratio

School Rating: C+

School Details

Grand Rapids Montessori Academy

Grades PK-12 Public School

Grand Rapids, MI 49503 0.5 miles
159 college ave ne

284 total students
17:1 Student teacher ratio

School Rating: C-

School Details

Grand Rapids University Preparatory Academy

Grades 6-12 Public School

Grand Rapids, MI 49503 0.7 miles
512 division ave s

466 total students
15:1 Student teacher ratio

School Rating: B-

School Details

City Middlehigh

Grades 7-12 Public School

Grand Rapids, MI 49505 2.3 miles
1720 plainfield ave ne

924 total students
23:1 Student teacher ratio

School Rating: A

School Details

Alger Middle School

Grades 6-8 Public School

Grand Rapids, MI 49507 2.8 miles
921 alger st se

361 total students
19:1 Student teacher ratio

School Rating: D-

School Details

Innovation Central High School

Grades 9-12 Public School

Grand Rapids, MI 49503 0.4 miles
421 fountain st ne

635 total students
18:1 Student teacher ratio

School Rating: C-

School Details

Ottawa Hills High School

Grades 9-12 Public School

Grand Rapids, MI 49506 2.8 miles
2055 rosewood ave se

385 total students
17:1 Student teacher ratio

School Rating: D

School Details
Other Nearby Schools Distance Type Grades School Rating
Grand Rapids Learning Center 0.3 miles Public 9-12 C
Grand Rapids Public Museum High School 0.4 miles Public 9-12 B
Martin Luther King Leadership Academy 0.4 miles Public PK-8 D+
Grand Rapids Child Discovery Center 0.4 miles Public KG-5 A-
Grand Rapids Montessori Middlehigh 0.4 miles Public 7-12 B+
Congress Elementary School 0.5 miles Public PK-5 B
Catholic Central High School 0.6 miles Private 9-12
Gerald R Ford Academic Center 0.9 miles Public PK-8 C
St Thomas The Apostle Catholic School 1.1 miles Private KG-8
Covenant House Academy Grand Rapids 1.1 miles Public 9-12 F
Coit Creative Arts Academy 1.1 miles Public PK-5 D+
William C Abney Academy Elementary School 1.1 miles Public KG-6 D+
Grand Rapids Public Museum Middle School 1.1 miles Public 6-8 D
Living Stones Academy 1.2 miles Private PK-6
Campus Elementary School 1.2 miles Public PK-5 F
Southwest Middlehigh School 1.2 miles Public 7-12 D
Community Transition Campus 1.3 miles Public 6-12

Grand Rapids Learning Center

Distance: 0.3 miles

Type Public

Grades: 9-12

C

Grand Rapids Public Museum High School

Distance: 0.4 miles

Type Public

Grades: 9-12

B

Martin Luther King Leadership Academy

Distance: 0.4 miles

Type Public

Grades: PK-8

D+

Grand Rapids Child Discovery Center

Distance: 0.4 miles

Type Public

Grades: KG-5

A-

Grand Rapids Montessori Middlehigh

Distance: 0.4 miles

Type Public

Grades: 7-12

B+

Congress Elementary School

Distance: 0.5 miles

Type Public

Grades: PK-5

B

Catholic Central High School

Distance: 0.6 miles

Type Private

Grades: 9-12

Gerald R Ford Academic Center

Distance: 0.9 miles

Type Public

Grades: PK-8

C

St Thomas The Apostle Catholic School

Distance: 1.1 miles

Type Private

Grades: KG-8

Covenant House Academy Grand Rapids

Distance: 1.1 miles

Type Public

Grades: 9-12

F

Coit Creative Arts Academy

Distance: 1.1 miles

Type Public

Grades: PK-5

D+

William C Abney Academy Elementary School

Distance: 1.1 miles

Type Public

Grades: KG-6

D+

Grand Rapids Public Museum Middle School

Distance: 1.1 miles

Type Public

Grades: 6-8

D

Living Stones Academy

Distance: 1.2 miles

Type Private

Grades: PK-6

Campus Elementary School

Distance: 1.2 miles

Type Public

Grades: PK-5

F

Southwest Middlehigh School

Distance: 1.2 miles

Type Public

Grades: 7-12

D

Community Transition Campus

Distance: 1.3 miles

Type Public

Grades: 6-12

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Grand Rapids, MI 49503

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Grand Rapids, MI 49503

This community’s employment is highest in the administrative support and healthcare practitioners industries. The area’s overall household expenses are below the national average.

84° July
Hottest Average Month
15° February
Coldest Average Month
17,432 Total Households in Area
0.3% Increase in population since the year 2010
21.6%
of households
have children
19 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Grand Rapids, MI 49503

Grand Rapids, MI 49503 has a population of 39,254 people in 17,432 households with a median age of 31.4 years old.

0.3%
Increase in population
since the year 2010
Population is Trending up
17,202
Total households as of 2010
4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 31.4 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 58%
Hispanic 23%
Black 16%
Other 13%
Asian 2%
Native American 1%
The most prevalent ethnicity is White at 58%, followed by Hispanic at 23%, Black at 16%, and Other at 13%.

Economics
for Grand Rapids, MI 49503

5,188 /sq mi
Population Density
$56,784 /yr
Median Household Income
$269,900
Median Sales Price
19 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 20.04% of the households.

Transportation to Work

  • Drive 76%
  • Walk or Bike 11%
  • Work from Home 8%
  • Public Transit 5%

Occupancy by Type

Rented 10,461 55%
Owned 6,970 36%
Vacant 1,725 9%

White vs Blue Collar Jobs







White Collar 77%
Blue Collar 23%

Family & Education Facts
for Grand Rapids, MI 49503

31.4 Median Age

Average Household Size

2.2
persons per
household

26.4%

Married Households

Community Population By Education

Bachelors Degree 29%
High School Graduate 18%
Some College 17%
Graduate Degree 16%
Some High School 13%
Associates Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 28.81% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21.6% of households have children

Weather
for Grand Rapids, MI 49503

The weather for this area ranges from a high of 84° F in July to a low of 15° F in February

84° July
Hottest Average Month
15° February
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
15°
30°
Feb
15°
32°
Mar
23°
42°
Apr
35°
58°
May
45°
70°
Jun
54°
79°
Jul
59°
84°
Aug
57°
81°
Sep
50°
74°
Oct
39°
62°
Nov
30°
46°
Dec
21°
34°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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