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    540 New Ave SW Grand Rapids, MI 49503

    For Sale
    $285,000

    New 4-bedroom townhome under construction, completion expected Winter 2025.

    Property size:
    1,525 SF

    Property Features for 540 New Ave SW

    General Information

    Size
    1,525 SF

    Building Details

    Year built
    2025

    Source: Keller Williams Grand Rapids North Agent Teagan Wertz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Townhome Under Construction

    This brand new townhome, located at 540 New Avenue SW, Grand Rapids, MI 49503, is currently under construction with an expected completion in Winter 2025. The property features 4 bedrooms and 2 baths. It includes brand new appliances, all-electric heating and cooling, and is E-Star compliant. The design incorporates a zero-step entry and an open layout. The property size is 1525 square feet. Please note that buyer(s) total income must be at or below 80% area median income per current HUD guidelines, and the home must be occupied as their primary residence. The seller is a non-profit organization. Buyers should review all additional documents regarding the Habitat Kent sales program and affordability deed restriction. The listed property tax estimate is inaccurate due to the former use of the property as a church.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6785723
    Latitude
    42.9527227

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    FAQs

    What type of property is this?
    Single family property - New 4-bedroom townhome under construction, completion expected Winter 2025.
    Where is this single family property located?
    The property is located at 540 New Ave SW Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Brand new townhome, expected completion Winter 2025.; - Up to $121k available in seller financing (depending on buyer qualification).; - Features **4 bedrooms and 2 baths**.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 New Ave SW Grand Rapids, MI 49503
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