NOT LISTED FOR SALE

557 Fulton St E Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $446,000 - $458,876

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 08, 2023

Last sale price $413,655

Est. 9% increase in value since last sale

Current estimated payment $3,366/month

10 Days on Market

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

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
$451,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,814
Avg. Annual Appreciation
5.88%
Original Mortgage
$310,241
Outstanding Balance
$291,063
Interest Rate
6.56%
Mortgage Type
New Conventional
Estimated Equity
$160,406

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

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Average Value
Not Available
List Price
Sold Price
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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
Previous Owner Velzen Daniel H $177,000
Previous Owner Velzen Daniel H $172,500
Previous Owner Velzen Daniel H $165,750
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

    8 Total Sales

    Olvi Tole
    Section Image
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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 $451,469. 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.
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