For Sale
705 Lafayette Avenue NE, Grand Rapids, MI 49503
$229,900
MLS # 26034002 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,057 sqftBuilt 19250.08 acres
1 / 33
Listing Description
Located in the highly sought-after Belknap Lookout neighborhood, this beautifully updated 2-bedroom, 1-bath home offers the perfect blend of charm, character, and modern convenience. Featuring refinished hardwood floors, a completely renovated kitchen with brand-new appliances, and a full basement offering excellent storage and future possibilities, this home is truly move-in ready. The basement provides great potential for a game room, recreation space, home gym, office, or additional bonus living area. Enjoy a welcoming outdoor space ideal for relaxing or entertaining. Conveniently situated just minutes from the Medical Mile, Michigan Street corridor, downtown Grand Rapids, restaurants, shopping, and entertainment. An excellent opportunity for first-time buyers, healthcare professionals, investors, or anyone seeking low-maintenance living in a prime NE Grand Rapids location.
Source: SparkMLS
About this home
Located in Grand Rapids in Grand Rapids, this property offers 2-bedroom, 1-bath, 1,057 sq ft, with original construction dating to 1925.
Currently offered at $229,900 (about $218/sq ft).
Annual property taxes run approximately $1,110 ($92/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,057 sqft
Lot Size0.08 acres
Year Built1925
Stories2
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleTraditional
ConstructionVinyl Siding
BasementFull, Michigan Basement
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected, Storm Sewer, High-Speed Internet
InteriorCeiling Fan(s), Broadband
Sale & Financing
Listed7/5/2026
Original Price$239,900
Terms AcceptedCash, FHA, VA Loan, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,110
Tax Year2025
State Equalized Value$92,100
Taxable Value$32,676
Assessed Value$31,817
Parcel #411419327038
Source: Public Records
Legal Description
N 44.5 FT OF S 75.5 FT OF E 1/2 OF LOT 4 & N 44.5 FT OF S 75.5 FT OF LOT 5 * CORBITT'S FRACTION OF PART OF CORBIT'S & CO ADDITION OF PART OF BLK 11 OF COIT & CO'S ADDITION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Linda S Lazarus
Real Broker LLC
Frequently Asked Questions about 705 Lafayette Avenue NE, Grand Rapids, MI 49503
Which school district serves 705 Lafayette Avenue NE, Grand Rapids, MI 49503?
Per MLS# 26034002, 705 Lafayette Avenue NE, Grand Rapids, MI 49503 is in the Grand Rapids boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Grand Rapids directly to confirm enrollment eligibility.
What financing options are available for 705 Lafayette Avenue NE, Grand Rapids, MI 49503?
Per MLS# 26034002, this listing accepts Cash, FHA, VA Loan, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 705 Lafayette Avenue NE, Grand Rapids, MI 49503?
Per public tax records, annual property taxes for this property are $1,110 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 705 Lafayette Avenue NE, Grand Rapids, MI 49503 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 705 Lafayette Avenue NE, Grand Rapids, MI 49503 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 705 Lafayette Avenue NE, Grand Rapids, MI 49503?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the City of Grand Rapids police department or the Kent County sheriff's office.
Map
Mortgage Calculator
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Monthly payment$1,491
Principal & interest$1,491
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
705 Lafayette Avenue NE, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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