NOT LISTED FOR SALE

557 Fulton St E Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $458,000 - $486,497

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

Sale Details

Date Sold: December 8, 2023

Last sale price $413,655

Est. 13% increase in value since last sale

Current estimated payment $3,437 / mo

10 Days on Market

Highlights

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

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 (Grandv) License #6501257939 Listed on: 10/17/2023

Five Star Real Estate (Grandv)

Last Buyer's Agent

Olvi Tole

Fathom Realty MI LLC License #6501443472

Fathom Realty MI LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,858

Year Built

  • Built in 1921

Lot Details

  • 3,600 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stucco

Basement

  • Walk-Out Basement

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,858

Year Built

Built in 1921

Lot Details

3,600 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1921
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Driveway:Driveway: Concrete
  • Mineral Rights:Mineral Rights: Available
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: Storm Sewer
  • Lot Description:Lot Description: Corner Lot
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjIzMTM4NjQxIiwiU3RhbmRhcmRTdGF0dXMiOiJDbG9zZWQiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA3LTI3VDE3OjAxOjAwLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.PDBdeZOCPV7ELg5KrjoiTLDaOqiyT2tTYkfYtntsPwU/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Stucco
  • 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
  • Roofing:Roofing: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Cable Connected, Natural Gas Connected, Electricity Connected, Storm Sewer
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Hot Water

Lot Info

  • Lot Size Acres: 0.0826
  • Lot Size Area: 0.08
  • Lot Dimensions: 45 by 80
  • Lot Size Sq Ft: 3600.0
  • Zoning Description: 401

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Water
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Dec 8, 2023
Sold by
Bought by
Seller's Agent
Mark Bremer
Five Star Real Estate (Grandv)
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
$466,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,969
Avg. Annual Appreciation
4.65%
Original Mortgage
$310,241
Outstanding Balance
$275,994
Interest Rate
6.56%
Mortgage Type
New Conventional
Estimated Equity
$190,630

Purchase Details

Closed on
Jun 18, 1986
Bought by

Purchase Details

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Heritage Hill, MI

  • Kyle Geenen Real Estate Agent - Coldwell Banker Woodland Schmidt

    Kyle Geenen

    Responds Quickly

    Coldwell Banker Woodland Schmidt

    (616) 300-2318

    673 Total Sales

    1 in Heritage Hill

    $875,000 Price

    Kyle Geenen
     Section Image
  • John Rice Real Estate Agent - Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

    John Rice

    Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

    (616) 326-3376

    129 Total Sales

    1 in Heritage Hill

    $675,000 Price

    John Rice
     Section Image
  • Tina Drum Real Estate Agent - 616 Realty LLC

    Tina Drum

    616 Realty LLC

    (231) 707-8078

    94 Total Sales

    1 in Heritage Hill

    $310,000 Price

    Tina Drum
     Section Image
  • Tammy Jo Budzynski Real Estate Agent - Keller Williams GR North

    Tammy Jo Budzynski

    Keller Williams GR North

    (616) 369-7280

    534 Total Sales

    1 in Heritage Hill

    $203,500 Price

    Tammy Jo Budzynski
     Section Image
  • Steven VanWyck Real Estate Agent - Rise Realty Group

    Steven VanWyck

    Responds Quickly

    Rise Realty Group

    (269) 430-2788

    69 Total Sales

    1 in Heritage Hill

    $699,900 Price

    Steven VanWyck
     Section Image
  • Cathy Nyboer Real Estate Agent - Five Star Real Estate (Grandv)

    Cathy Nyboer

    Five Star Real Estate (Grandv)

    (616) 816-1847

    99 Total Sales

    1 in Heritage Hill

    $575,000 Price

    Cathy Nyboer
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $310,241
Previous Owner $177,000
Previous Owner $172,500
Previous Owner $165,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,478 $220,000 $0 $0
2024 $102 $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 Real Estate Agent - Five Star Real Estate (Grandv)

    Seller's Agent in 2023

    Mark Bremer

    Five Star Real Estate (Grandv)

    (616) 340-0094

    1 in this area

    6 Total Sales

    Mark Bremer
    Section Image

  • O

    Buyer's Agent in 2023

    Olvi Tole

    Fathom Realty MI LLC

    (616) 328-4740

    3 in this area

    10 Total Sales

    Olvi Tole
    Section Image
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Map

Source: MichRIC

MLS Number: 23138641

MichRIC

APN: 41-14-30-255-035

Michigan Kent County Grand Rapids 49503 Heritage Hill

557 Fulton St E, Grand Rapids, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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