NOT LISTED FOR SALE

771 Coleman St SE Grand Rapids, MI 49508

Estimated Value: $412,000 - $486,545

4 Beds
3 Baths
-- Sq Ft
0.28 Acres

Last Sold May 23, 2022

Last sale price $360,250

Est. 21% increase in value since last sale

Current estimated payment $3,092/month

10 Days on Market

About This Home

As of May 2022

SHOWINGS ONLY ALLOWED FROM 12-3 PM ON SAT 4/9. ALL OFFERS DUE BY 9 PM ON SUNDAY 4/10. Seller will make decision Monday morning. Please use Showing Time. Two unit duplex in Byron Center school district. New roof and gutter system recently installed. Both units currently rented on Month to Month Leases for $1,500/month. Landlord pays water. Showings only allowed Saturday 4/9 from 12-3 pm. Use Showing Time.

Last Agent to Sell the Property

Eddie Alexander

Five Star Real Estate Listed on: 04/01/2022

Five Star Real Estate

Last Buyer's Agent

Laura Cole

Keller Williams GR East License #6501383883

Keller Williams GR East

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1976

Lot Details

  • 0.28 Acre Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,331

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 349900.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12197.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4330.63
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Nu Lam and Thang Nang
Bought by
Pau Pum Do
Current Estimated Value
$437,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Outstanding Balance
$402,848
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$40,895

Purchase Details

Closed on
Jan 22, 2024
Sold by
S & M Property Estates Llc
Bought by
Nu Lam and Thang Nang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Outstanding Balance
$402,848
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$40,895

Purchase Details

Listed on
Apr 1, 2022
Closed on
May 23, 2022
Sold by
Mitch Pater
Bought by
S & M Pro2erty Estates Llc
Seller's Agent
Eddie Alexander
Five Star Real Estate
Buyer's Agent
Laura Cole
Keller Williams GR East
List Price
$349,900
Sold Price
$360,250
Premium/Discount to List
$10,350
2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$270,187
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2018
Sold by
Ver Hoef David A
Bought by
Pater Mitch

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,750
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Pau Pum Do -- Chicago Title
Nu Lam $430,000 Lighthouse Title
S & M Pro2erty Estates Llc $360,250 None Listed On Document
Pater Mitch $193,000 Next Door Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nu Lam $408,500
Previous Owner S & M Pro2erty Estates Llc $270,187
Previous Owner Pater Mitch $203,350
Previous Owner Pater Micthell $146,800
Previous Owner Pater Mitch $137,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $360,250 +3.0% --
04/11/2022 04/11/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $349,900 -- --
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 $8,743 $206,200 $0 $0
2024 $8,743 $196,100 $0 $0
2023 -- $178,400 $0 $0
2022 $0 $106,300 $0 $0
2021 $4,331 $90,100 $0 $0
2020 $2,692 $87,300 $0 $0
2019 $0 $87,600 $0 $0
2018 $0 $79,900 $15,000 $64,900
2017 $0 $74,100 $0 $0
2016 $0 $64,100 $0 $0
2015 -- $64,100 $0 $0
2013 -- $65,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Eddie Alexander

    Five Star Real Estate

    (231) 730-8737

    2 in this area

    468 Total Sales

    Eddie Alexander
    Section Image

  • L

    Buyer's Agent in 2022

    Laura Cole

    Keller Williams GR East

    (616) 301-4513

    1 in this area

    68 Total Sales

    Laura Cole
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22010779

Southwestern Michigan Association of REALTORS®

APN: 41-22-07-428-018

Michigan Kent County Grand Rapids 49508

771 Coleman St SE, Grand Rapids, MI

This home is located at 771 Coleman St SE, Grand Rapids, MI 49508 since 01 April 2022 and is currently estimated at $437,136. This property was built in 1976. 771 Coleman St SE is a home located in Kent County with nearby schools including Countryside Elementary School, Robert L. Nickels Intermediate School, and Byron Center West Middle 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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