14 days on rocket

Sale Pending

531 Coit Ave NE, Grand Rapids, MI, 49503

$485,000

Home List Price

$5,759*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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531 Coit Ave NE, Grand Rapids$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1900
HeatingNatural Gas, Forced Air
CoolingWindow Unit(s)
BasementYes
MLS #65024024712
Lot Size0.23 Acres
StatusSale Pending
(Pending)

About 531 Coit Ave NE

Great opportunity to own an amazing 5-unit in the Belknap Lookout neighborhood steps away from the Medical Mile and Downtown Grand Rapids. Includes large 4 stall garage. There is one 3 bed/1 bath, two 1 bed/1 bath, and two studios. All in really good condition. Split electric. Updated mechanicals. Rents are low.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Compass Realty Services
  • Office Phone: (616) 855-5830
  • Listing Agent: Allison V Koetsier

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.23 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Grand Rapids University Preparatory Academy, Public Magnet Grades 6-12
  • City Middle/High School, Public Magnet Grades 7-12
  • Riverside Middle School, Public District Grades 6-8
  • Coit Arts Academy, Public District Grades KG-5

Other

Directions Information:

  • Directions: 96 to College, Hastings to Coit, N to home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000

Tax Information:

  • Annual Amount: $3,713
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$300K

Med. Price/SqFt

$229

Avg. Days On Market

16

# of Sold Homes

278

531 Coit Ave NE vs Grand Rapids

14 DAYS ON ROCKET

-2 Days

$485,000

+$185K More

KEY TAKEAWAY

This property is $185K more than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024024712

Listing Office:

  • Office Name: Compass Realty Services
  • Office Phone: (616) 855-5830
  • Listing Agent: Allison V Koetsier

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2024, 1:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 28, 2001Home Sold
$116,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,713$166,300
2020$3,712$133,800
2019$3,510$122,200
2018$3,528$109,000
2017$3,361$92,200

History based on county public records data.

Payment Calculator

$2,488

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6419905
3
/10

  • Coit Arts Academy

  • 617 Coit Ave NE

  • 0.08 miles

  • Public District Grades KG-5

Middle School

school-card-donut-6419906
4
/10

  • Riverside Middle School

  • 265 Eleanor St NE

  • 2.29 miles

  • Public District Grades 6-8

High School

school-card-donut-6419907
6
/10

  • Grand Rapids University Preparatory Academy

  • 512 Division Ave S

  • 1.36 miles

  • Public Magnet Grades 6-12

school-card-donut-6419908
9
/10

  • City Middle/High School

  • 1720 Plainfield Ave NE

  • 1.40 miles

  • Public Magnet Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,840. Residents of Grand Rapids, MI typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49503›531 Coit Ave NE

This home is located at 531 Coit Ave NE in Grand Rapids, MI and zip code 49503 in the Belknap Lookout neighborhood. This home, which was built in 1900, sits on a 0.23 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $485,000.

In April 2024 more than 173 listings in Grand Rapids, MI were sold above the asking price. During the same period more than 45 listings were sold at asking price, while more than 60 were sold below. The number of homes for sale in Grand Rapids, MI increased by 17.4% between March 2024 and April 2024. While the average time on the market in April 2024 was 16 days, the median list price was $300,000.

From Rocket Homes Real Estate and based on county public records data.

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