NOT LISTED FOR SALE

731 Sherman St SE Grand Rapids, MI 49503

Madison Area Neighborhood

Estimated Value: $198,849 - $243,000

4 Beds
1 Bath
1,310 Sq Ft
$165/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $117,500 $90 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,346/month

3 Days on Market

Highlights

  • 4 Car Detached Garage
  • Bungalow
  • Forced Air Heating System

About This Home

As of December 2021

Why rent when you can own a home for less than $800 per month? Featuring a well preserved stucco exterior this home also has a new roof with transferable lifetime warranty. Start out on the large 3 season porch, through the main entrance you'll find stairs leading up to 3 large bedrooms with plenty of natural light. The upper hallway features an iconic plaster archway and tall ceilings. The old carpet is hiding hardwood floors throughout. Estate sale! Don't mind the clutter. Back on the main, across the hall from the stairs you'll see a large flex room that could be a main floor master bedroom or living room. Continue to the spacious dining room and large back kitchen with room for breakfast nook. Once restored you'll have a sharp classic home in the Baxter Neighborhood of SE Grand Rapids.

Last Agent to Sell the Property

Kyle Ripley

Best Homes of Michigan LLC Listed on: 11/05/2021

Co-Listed By

Jack Payne

Best Homes of Michigan Zeeland License #6502372940

Last Buyer's Agent

Gwendolyn Johnson

Greenridge Realty (EGR) License #6501356752

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,008

Year Built

  • Built in 1900

Lot Details

  • 5,489 Sq Ft Lot
  • Lot Dimensions are 50x110
  • Property is zoned 401 residentia, 401 residentia

Parking

  • 4 Car Detached Garage

Home Design

  • Bungalow
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,310 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,008

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1900
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x110
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1310.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1008.0
  • Tax Info:Zoning3: 401 residentia
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Roofing:Shingle: Yes
  • Water Heater:Natural Gas4: Yes
  • General Property Info:SqFt Above Grade: 1310.0
  • General Property Info Garage YN: Yes
  • Architectural Style Bungalow: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1310.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 400.0

Exterior Features

  • Construction Materials: Stucco
  • List Price: 110000.0
  • Roof: Shingle
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 50x110
  • Lot Size Sq Ft: 5489.0
  • Zoning Description: 401 residentia
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1008.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 3, 2021
Sold by
Rembert Alice R
Bought by
Medina Harley
Seller's Agent
Kyle Ripley
Best Homes of Michigan LLC
Buyer's Agent
Gwendolyn Johnson
Greenridge Realty (EGR)
List Price
$110,000
Sold Price
$117,500
Premium/Discount to List
$7,500
6.82%
Current Estimated Value
$216,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,962
Avg. Annual Appreciation
14.03%
Original Mortgage
$94,000
Outstanding Balance
$86,844
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$106,955

Purchase Details

Closed on
Feb 1, 1986
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
Medina Harley $117,500 None Listed On Document
-- $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Harley $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/03/2021 12/03/21 Sold $117,500 +6.8% $90 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
11/05/2021 11/05/21 For Sale $110,000 -- $84 / 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 $2,440 $102,000 $0 $0
2024 $2,440 $87,300 $0 $0
2023 $2,476 $81,100 $0 $0
2022 $2,350 $69,800 $0 $0
2021 $1,048 $57,300 $0 $0
2020 $653 $45,800 $0 $0
2019 $1,290 $38,500 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kyle Ripley

    Best Homes of Michigan LLC

  • Jack Payne

    Seller Co-Listing Agent in 2021

    Jack Payne

    Best Homes of Michigan Zeeland

    (616) 566-7713

    1 in this area

    27 Total Sales

    Jack Payne
    Section Image

  • G

    Buyer's Agent in 2021

    Gwendolyn Johnson

    Greenridge Realty (EGR)

    (616) 340-8441

    3 in this area

    57 Total Sales

    Gwendolyn Johnson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21113920

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-234-026

Michigan Kent County Grand Rapids 49503 Madison Area

731 Sherman St SE, Grand Rapids, MI

This home is located at 731 Sherman St SE, Grand Rapids, MI 49503 since 05 November 2021 and is currently estimated at $216,462, approximately $165 per square foot. This property was built in 1900. 731 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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