NOT LISTED FOR SALE

557 Fulton St E Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $451,000 - $487,000

-- Bed
-- Bath
-- Sq Ft
3,600 Sq Ft Lot

Last Sold December 08, 2023

Last sale price $413,655

Est. 14% increase in value since last sale

Current estimated payment $3,341/month

10 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • 1-minute walk to Baldwin Park
  • Corner Lot: Yes

About This Home

As of December 2023

For sale is a Heritage hill 4 unit. Located on the corner of Fulton and Union, these apartments are a short walk to downtown colleges, medical mile, and Martha's Vineyard. 3 one bedroom units and 1 two bedroom unit. City compliance thru February 22 2025. Rents are low. Long term tenants. Owner pays gas and electric.
Unit 1 LR, Kit, bath and bedroom and garage $1160 lease thru 5/31/2023 now month to month
Unit 2 is the 2 and 3 floor. 2 BR,LR, Bath and Kit $1110, leased thru 7/31/2024
Unit 3 is a garden unit with 1 BR, LR kit, bath, $890, leased thru 5/31/2024
Unit 4 is a 1 BR unit, LR, Kit $815, leased thru 8/31/24

more information available in the document section

Last Agent to Sell the Property

Mark Bremer

Five Star Real Estate (Eastown) License #6501257939 Listed on: 10/17/2023

Five Star Real Estate (Eastown)

Last Buyer's Agent

Olvi Tole

Fathom Realty MI LLC License #6501443472

Fathom Realty MI LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,858

Year Built

  • Built in 1921

Lot Details

  • 3,600 Sq Ft Lot
  • Corner Lot: Yes

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1 Fireplace
  • Walk-Out Basement

Parking

  • 3 Parking Spaces
  • Driveway

Location

  • Mineral Rights

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for electricity, water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,252
  • Utility Expense $5,247

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,858

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1921
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45 by 80
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4858.0
  • Tax Info:Zoning3: 401
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Walk Out: Yes
  • Mineral Rights:Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk Out
  • Basement: Yes

Exterior Features

  • Construction Materials: Stucco, Brick
  • List Price: 424900.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Unit 1:Garage4: Yes

Utilities

  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 45 by 80
  • Lot Size Sq Ft: 3600.0
  • Zoning Description: 401
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Water, Sewer, Gas
  • Tenant Pays: Trash Collection

Multi Family

  • Insurance Expense: 1252.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4858.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Dec 8, 2023
Sold by
Velzen Daniel H
Bought by
Tole Irisi
Seller's Agent
Mark Bremer
Five Star Real Estate (Eastown)
Buyer's Agent
Olvi Tole
Fathom Realty MI LLC
List Price
$424,900
Sold Price
$413,655
Premium/Discount to List
-$11,245
-2.65%
Views
20
Current Estimated Value
$469,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,139
Avg. Annual Appreciation
7.28%
Original Mortgage
$310,241
Outstanding Balance
$287,680
Interest Rate
6.56%
Mortgage Type
New Conventional
Estimated Equity
$182,114

Purchase Details

Closed on
Jun 18, 1986

Purchase Details

Closed on
Feb 8, 1982
Bought by
Velzen Daniel H
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tole Irisi $413,655 First American Title
-- $100 --
Velzen Daniel H $29,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tole Irisi $310,241
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $413,655 -2.6% --
10/27/2023 10/27/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $424,900 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,207 $220,000 $0 $0
2024 $10,207 $204,600 $0 $0
2023 $4,858 $177,000 $0 $0
2022 $4,617 $158,300 $0 $0
2021 $4,498 $175,300 $0 $0
2020 $4,348 $154,300 $0 $0
2019 $4,315 $128,900 $0 $0
2018 $4,315 $126,100 $0 $0
2017 $4,210 $103,700 $0 $0
2016 $4,230 $89,900 $0 $0
2015 $4,031 $89,900 $0 $0
2013 -- $80,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Bremer

    Seller's Agent in 2023

    Mark Bremer

    Five Star Real Estate (Eastown)

    (616) 340-0094

    1 in this area

    5 Total Sales

    Mark Bremer
    Section Image

  • O

    Buyer's Agent in 2023

    Olvi Tole

    Fathom Realty MI LLC

    (616) 328-4740

    2 in this area

    9 Total Sales

    Olvi Tole
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23138641

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-255-035

Michigan Kent County Grand Rapids 49503 Heritage Hill

557 Fulton St E, Grand Rapids, MI

This home is located at 557 Fulton St E, Grand Rapids, MI 49503 since 17 October 2023 and is currently estimated at $469,794. This property was built in 1921. 557 Fulton St E is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes