For Sale
940 Monroe Avenue NW 338, Grand Rapids, MI 49503
$334,900
MLS # 26015981 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,062 sqftBuilt 20070 acres
1 / 50
Listing Description
Welcome to Boardwalk Condominiums -- where convenience, character, and location come together. Located directly across from the Grand River and just minutes from downtown Grand Rapids, this 2-bedroom condo offers low-maintenance living in one of the area's most convenient settings. Just in time for pool season, this condo features a private balcony overlooking the beautifully maintained pool area -- a standout view within the community and the perfect place to enjoy your morning coffee, unwind after work, or relax all summer long. Inside, you'll find nearly 12-foot wood-beamed ceilings, oversized windows, and an open layout filled with natural light. The kitchen features custom cabinetry, a granite island, stainless steel appliances, and a subway tile backsplash that flows seamlessly into the main living and dining areas. The primary bedroom offers comfortable space along with a walk-in closet, while the second bedroom works well as a guest room, office, or den.
Source: SparkMLS
About this home
Located in Grand Rapids in Grand Rapids, this property offers 2-bedroom, 1-bath, 1,062 sq ft, with original construction dating to 2007.
Asking $334,900 (about $315/sq ft).
Annual property taxes run approximately $8,021 ($668/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 SubtypeCondominium
Bedrooms2
Bathrooms1
Living Area1,062 sqft
Year Built2007
Stories1
Location
CityGrand Rapids
MunicipalityCity of Grand Rapids
Zip Code49503
CountyKent
School DistrictGrand Rapids
Construction & Systems
StyleRanch
ConstructionBrick
BasementOther
Garage1 space
HeatingHeat Pump
WaterPublic
SewerPublic
UtilitiesPhone Connected, Natural Gas Connected, Cable Connected
InteriorGarage Door Opener, Center Island, Eat-in Kitchen
Sale & Financing
Listed4/15/2026
Original Price$349,900
Terms AcceptedOther, Cash, FHA, MSHDA, Conventional
HOA
HOA Fee$419 / Monthly
IncludesOther, Water, Trash, Snow Removal, Sewer, Lawn/Yard Care, Heat
Source: SparkMLS
Tax Information
Annual Tax$8,021
Tax Year2025
State Equalized Value$161,000
Taxable Value$159,566
Assessed Value$159,566
Parcel #411324285139
Source: Public Records
Legal Description
411324285139 UNIT 139 * BOARDWALK CONDOMINIUMS KENT COUNTY CONDOMINIUM SUBDIVISION PLAN NO.823 INSTRUMENT NO.20060428-0048899 AS AMENDED BY REPLAT NO.1 INSTRUMENT NO.20060919-0103267 & AS AMENDED BY REPLAT NO.2 INSTRUMENT NO.20071226-0120097 & AS AME NDED BY REPLAT NO.2 INSTRUMENT NO. 20080226-0016507 & AS AMENDED BY REPLAT NO.3 INSTRUMENT NO.20080714-0065135 & AS AMENDED BY REPLAT NO.4 INSTRUMENT
Property Records
FEMA Flood Zone: Zone D — Undetermined flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Rustin Scott
Five Star Real Estate (Main)
Frequently Asked Questions about 940 Monroe Avenue NW 338, Grand Rapids, MI 49503
What school district is 940 Monroe Avenue NW 338, Grand Rapids, MI 49503 in?
Per MLS# 26015981, this property is served by Grand Rapids. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 26015981, the seller has indicated this property accepts the following financing types: Other, Cash, FHA, MSHDA, Conventional. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26015981, the most recent reported annual property tax for 940 Monroe Avenue NW 338, Grand Rapids, MI 49503 is $8,021 (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.
Is 940 Monroe Avenue NW 338, Grand Rapids, MI 49503 eligible for USDA financing?
Per USDA Rural Development boundary data, 940 Monroe Avenue NW 338, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 940 Monroe Avenue NW 338, Grand Rapids, MI 49503 is in flood zone D (moderate risk). 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.
Who are the utility providers for this property?
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.
How safe is 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$2,591
Principal & interest$2,172
HOA$419
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
940 Monroe Avenue NW 338, Grand Rapids, MI 49503
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Municipality
Grand Rapids
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