Schoolhouse Condominiums
Walkable with great nature access
Median $234K·Walkability 8.3/10·Schools 8.8/10
Wealthy Street SE runs right past this 1920 schoolhouse, now carved into condos with the kind of character you can't manufacture—original bones, modern finishes, the whole thing rarely available when the market shifts. You're steps from Gaslight Village's heated sidewalks and within a few minutes' walk of restaurants, a grocery, and coffee, or if you'd rather drive, downtown Grand Rapids is about nine minutes away. Units run from roughly $105,000 for a one-bedroom (around 640 square feet) to $270,000 for a two-bedroom, and the building itself is described as extremely quiet—the kind of place where you actually hear yourself think.
Why people love it here
Walkability
Excellent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Near the water
- Reeds Lake — 0.8 mi
- 30 parks within 1 mile
- Fisk Lake: 4 min walk
- Reeds Lake Trail: 7 min walk
East Grand Rapids High School
- High — 0.3 mi away
- East Grand Rapids
- 5 rated schools in district
$234K median
- Based on 3yr sales
Conventional Mortgage Calculator
Median home price in Schoolhouse Condominiums
Estimated Monthly Payment
$1,590/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
Based on 5 rated schools nearby
Range: 8/10 to 9/10
School District: East Grand Rapids Public Schools
Flood Risk
None
Not in flood zone
Nearest Park
Waterfront Park
0.4 mi
Parks Nearby
30
within 1 mile
Nearest Lake
Reeds Lake
0.8 mi
D&W
+1 more
Gaslight Kitchen Asian Cuisine
+1 more
Jersey Junction
Big Bob's Pizza
+1 more
Waterfront Park
+1 more
Unnamed playground
Fisk Lake
+1 more
Unnamed beach
Reeds Lake Trail
Hillcrest Dog Park
Albert-Realtors Hall St. Sub. Area Trail
Butterworth Park Launch
The Funky Buddha Yoga Hothouse
+1 more
Wealthy/Edgemere (EB)
+1 more
Rite Aid
KDL - East Grand Rapids
+1 more
daycare
Wealthy Theater
Crime in Schoolhouse Condominiums is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Kent County.
Kent County crime & safety stats →Median Sale Price
$234K
Based on 3yr sales
Units
19
Complex Size
1.5 ac
19 units
To buy a median-priced Schoolhouse Condominiums home (around $234,250) at today's 6.49% 30-year fixed rate with 20% down, you'd need roughly $42k/year in household income to qualify — an estimated monthly payment of $1,558 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,558/mo | $41,548 |
| 10% (+PMI) | $1,794/mo | $47,835 |
| 5% (+PMI) | $1,873/mo | $49,937 |
Estimates use a 6.49% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Local Government · area-wide
City of East Grand Rapids
Source: eastgrmi.gov · unconfirmed
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$881/yr in electricity from a typical rooftop solar system
Produces ~6,423 kWh/yr · offsets ~61% of a typical home's use
City of East Grand Rapids (Grand Rapids wholesale supply)
City operates distribution; water purchased wholesale from Grand Rapids.
Resident-arranged private hauler (city-listed contractors)
City lists approved trash/lawn contractors; residents arrange.
East Grand Rapids Department of Public Safety
Combined public safety (police/fire), 770 Lakeside Dr SE.
Services for East Grand Rapids · Source: eastgrmi.gov
Utility, solar, and service details for Schoolhouse Condominiums are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
🛒 Grocery(29)
D&W
Grocery Store
D&W Fresh Market
Grocery Store
Family Fare Supermarket
Grocery Store
+26 more within 5 miles
🍕 Restaurants(9)
Gaslight Kitchen Asian Cuisine
Restaurant
Big Bobs Pizza
Restaurant
Restaurant
Hoshi Hoshi
Restaurant
Jet's Pizza
Restaurant
+4 more within 5 miles
☕ Coffee(12)
+9 more within 5 miles
🍺 Bars(15)
Big Bob's Pizza
Bar
Harmony Brewing Company
Pub
Eastown Sports Bar & Grill
Bar
+12 more within 5 miles
💪 Gyms(15)
Fitness Center
REVfit
Fitness Center
Fitness 19
Fitness Center
+12 more within 5 miles
🌳 Parks(4)
+1 more within 5 miles
🐕 Dog Parks(8)
Hillcrest Dog Park
Dog Park
Dog Park in Northeast
Dog Park
Downtown Westside Dog Park
Dog Park
+5 more within 5 miles
🚴 Trails(7)
Reeds Lake Trail
Bike Path
Unnamed bike_path
Bike Path
Albert-Realtors Hall St. Sub. Area Trail
Bike Path
+4 more within 5 miles
⛵ Boat Launches(2)
Boat Launch
Boat Launch
🚌 Transit(30)
Transit Stop
Transit Stop
Transit Stop
+27 more within 5 miles
💊 Pharmacies(12)
+9 more within 5 miles
👶 Childcare(3)
📚 Libraries(11)
+8 more within 5 miles
Frequently asked about Schoolhouse Condominiums
- What do homes cost in Schoolhouse Condominiums?
- The median home value in Schoolhouse Condominiums is about $234,250. Individual prices vary by street, size, and condition.
- What schools serve Schoolhouse Condominiums?
- Schoolhouse Condominiums is served by East Grand Rapids Public Schools. Its highest-rated assigned school is East Grand Rapids Middle School (9/10).
- Is Schoolhouse Condominiums walkable?
- Schoolhouse Condominiums scores 8.3/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.