NOT LISTED FOR SALE

720 Sherman St SE Grand Rapids, MI 49503

Madison Area Neighborhood

Estimated Value: $215,000 - $352,000

-- Bed
-- Bath
-- Sq Ft
4,095 Sq Ft Lot

Last Sold August 01, 2023

Last sale price $323,000

Est. 6% decrease in value since last sale

Current estimated payment $1,939/month

4 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of August 2023

This duplex has been completely remodeled from top to bottom! Both units boast 2 spacious bedrooms and 1 full bathroom. Brand new furnaces, plumbing, electric, siding, windows, kitchens, bathrooms, flooring, and paint throughout! Utilities have been split for each unit. As an added bonus there is a large backyard with plenty of off-street parking. Welcome to your brand new investment home! Multiple offers received. Seller is calling for highest and best by Tuesday, July 11th at 8:00pm.

Last Agent to Sell the Property

Brittany Thomas

United Realty Services LLC License #6501407628 Listed on: 07/08/2023

Last Buyer's Agent

Christopher Summers

Polaris Real Estate LLC License #6501429827

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,332

Year Built

  • Built in 1890

Lot Details

  • 4,095 Sq Ft Lot
  • Lot Dimensions are 35x 117

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Driveway
  • Paver Block

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,332

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 35x 117
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1332.12
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Driveway:Paver Block: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 279900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paver Block
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 35x 117
  • Lot Size Sq Ft: 4095.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1332.12
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2023
Closed on
Aug 1, 2023
Sold by
House To Home Restorations Llc
Bought by
Renouf Daniel J
Seller's Agent
Brittany Thomas
United Realty Services LLC
Buyer's Agent
Christopher Summers
Polaris Real Estate LLC
List Price
$279,900
Sold Price
$323,000
Premium/Discount to List
$43,100
15.4%
Views
11
Current Estimated Value
$303,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,736
Avg. Annual Appreciation
-3.81%
Original Mortgage
$274,550
Outstanding Balance
$268,948
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$28,187

Purchase Details

Listed on
Aug 23, 2022
Closed on
Feb 28, 2023
Sold by
Spicer John I
Bought by
House To Home Restorations Llc
Seller's Agent
Gayle Harvey
ARG Realty
Buyer's Agent
Gayle Harvey
ARG Realty
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
844.08%

Purchase Details

Closed on
Apr 1, 2013
Sold by
Spicer John L and Spicer Sally
Bought by
Spicer John L
Source: Public Records

Range of Values:

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Average Value
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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
Renouf Daniel J $323,000 Ata National Title Group
House To Home Restorations Llc $110,000 Reputation First Title
Spicer John L -- None Available
Spicer John I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Renouf Daniel J $274,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Sold $323,000 +15.4% --
07/12/2023 07/12/23 Pending -- -- --
07/08/2023 07/08/23 For Sale $279,900 +143.4% --
02/14/2023 02/14/23 Sold $115,000 -11.5% $72 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/23/2022 08/23/22 For Sale $129,900 -- $81 / Sq Ft
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 $4,051 $85,300 $0 $0
2024 $4,051 $81,200 $0 $0
2023 $1,264 $67,000 $0 $0
2022 $1,247 $55,600 $0 $0
2021 $1,215 $50,000 $0 $0
2020 $1,174 $42,400 $0 $0
2019 $998 $34,700 $0 $0
2018 $966 $28,300 $0 $0
2017 $941 $23,900 $0 $0
2016 $949 $21,300 $0 $0
2015 $895 $21,300 $0 $0
2013 -- $21,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Brittany Thomas

    United Realty Services LLC

    (616) 813-3274

    6 in this area

    133 Total Sales

    Brittany Thomas
    Section Image
  • Gayle Harvey

    Seller's Agent in 2023

    Gayle Harvey

    ARG Realty

    (616) 477-3563

    1 in this area

    32 Total Sales

    Gayle Harvey
    Section Image
  • Christopher Summers

    Buyer's Agent in 2023

    Christopher Summers

    Polaris Real Estate LLC

    (734) 417-3931

    1 in this area

    53 Total Sales

    Christopher Summers
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23024018

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-278-016

Michigan Kent County Grand Rapids 49503 Madison Area

720 Sherman St SE, Grand Rapids, MI

This home is located at 720 Sherman St SE, Grand Rapids, MI 49503 since 08 July 2023 and is currently estimated at $303,264. This property was built in 1890. 720 Sherman St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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