6 months on rocket

401 E Railway St, Coleman, MI, 48618

$172,000

Home List Price

$2,043*

Closing Credit

3 Bedrooms
2 Baths
1,600 SqFt
$108/SqFt
House

Location

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401 E Railway St, Coleman$172,000

Buyer Closing Credits

$2,043*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGravel, Other
Garage2 spaces
Year Built1945
HeatingForced Air
WaterfrontNone
FireplaceElectric
MLS #1922102
Lot Size0.26 Acres
StatusActive
(Active U/C Taking Backups)

About 401 E Railway St

This unique property, formerly an auto mechanic shop, offers a commercial building with 3-1/2 car bay capacity and over 2,200 ft² of space. The shop sits on a prime corner lot on the main street through town. It has an office, reception area, bathroom, and storage room. The shop features new overhead doors, updated LED lighting, a large air compressor plumbed throughout the building, and a newer rubber roof. Also on the property and included in the sale is a 1,600 ft² house with 2 main floor bedrooms, 2 main floor bathrooms, one of which has a jetted tub, plus an upper level room used as an additional bedroom or two. You’ll love the privacy of the 12x13 screened in porch and the sound of the decorative fountain in the side yard. So many possibilities with this property and a fantastic opportunity for a business owner in downtown Coleman.

Property Details

Property Features

Property Information:

  • Architectural Style: 1.5 Story, A-Frame
  • Year Built: 1945
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: Homewaters, LLC
  • Office Phone: (989) 513-1306
  • Listing Agent: Preston Bovee

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer
  • Interior: Jetted Tub, Skylights
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Screened Porch, Wood

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Gravel, Other

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: US 10 to Coleman, Sixth to Railway, East to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $172,000
  • Price Per SqFt: $108/SqFt

Tax Information:

  • Annual Amount: $2,070
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Coleman, MI.

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Coleman, MI

City

Med. Sold Price

$142.5K

Med. Price/SqFt

$116

Avg. Days On Market

48

# of Sold Homes

4

401 E Railway St vs Coleman

193 DAYS ON ROCKET

+145 Days

$172,000

+$29.5K More

$108/SqFt

-$9 Less

KEY TAKEAWAY

This property is $29.5K more than the Median Sold Price and $9/SqFt less than other homes in Coleman, MI.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1922102

Listing Office:

  • Office Name: Homewaters, LLC
  • Office Phone: (989) 513-1306
  • Listing Agent: Preston Bovee

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 7:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,070$42,900
2020$2,018$42,300
2019 - $44,758
2018$1,902$42,900
2017$1,876$38,500

History based on county public records data.

Payment Calculator

$926

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$582

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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.

Nearby Schools

school-card-donut-840699
4
/10

  • Coleman Elementary School

  • 1010 E Washington St

  • 0.48 miles

  • Public District Grades PK-6

school-card-donut-840700
5
/10

  • Beaverton Elementary School

  • 440 S Ross St

  • 9.67 miles

  • Public Magnet Grades KG-6

school-card-donut-840701
4
/10

  • Clare Primary School

  • 205 E Wheaton Ave

  • 10.18 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,922. Most Coleman, MI residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 401 E Railway St

What is the listing price of this property?

The listing price of 401 E Railway St property is $172,000.

What type of property is this?

The property 401 E Railway St is a house located in Coleman, Michigan, 48618.

Is this property for sale now?

Active Listing: 401 E Railway St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,070 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 401 E Railway St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 401 E Railway St is 1,600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 E Railway St is 1945.

Rocket Homes›Michigan›Midland County›Coleman›48618›401 E Railway St

This home is located at 401 E Railway St in Coleman, MI and zip code 48618. This 1,600 square foot home, which was built in 1945, sits on a 0.26 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $172,000.

While more than 0 listings in Coleman, MI in October 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 3 were sold below. The median list price of listings available in October 2024 was $142,500, while the average time on the real estate market was 48 days.

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

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