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401 E Railway St, Coleman, MI, 48618

$174,500

Home List Price

$2,072*

Closing Credit

3 Bedrooms
2 Full Baths
1,600 SqFt
$109/SqFt
House
Schools Nearby

Location

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401 E Railway St, Coleman$174,500

Buyer Closing Credits

$2,072*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1945
HeatingNatural Gas, Forced Air
MLS #50141578
Lot Size0.26 Acres
StatusActive

About 401 E Railway St

A fantastic opportunity in downtown Coleman. This unique property offers a commercial building with over 2,200 ft², formerly an auto mechanic shop, as well as a 1,600 ft² home on the same property. Open your business and live in the back or generate rental income from each space individually. The home features 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. Don't forget the 12x13 screened in porch. The shop sits on a prime corner lot on the main street through town. It has an office, reception space, bathroom, storage room, and the two bay shop section with newer overhead doors, LED lighting, and a large air compressor all plumbed in and ready to go. The shop has a newer rubber roof and the main portion of the house also has newer shingles. Lots of possibilities with this one, don't miss out.

Property Details

Property Features

Property Information:

  • Year Built: 1945
  • Stories: 1
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: HOMEWATERS - Gladwin
  • Office Phone: (989) 513-1306
  • Listing Agent: PRESTON BOVEE

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Coleman Junior/Senior High School, Public District Grades 7-12
  • Coleman Elementary School, Public District Grades KG-6

School District Information:

  • School District: Coleman Community School District

Price Information

Listing Price Info

Price Summary:

  • List Price: $174,500
  • Price Per SqFt: $109/SqFt

Agent Commission:

  • Buyer's Agent Commission: 3%
  • Seller's Agent Commission: 3%

Tax Information:

  • Annual Amount: $2,070
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Name: Clare Gladwin Board of REALTORS
  • MLS Number: #50141578

Listing Office:

  • Office Name: HOMEWATERS - Gladwin
  • Office Phone: (989) 513-1306
  • Listing Agent: PRESTON BOVEE

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/22/2024, 11:20:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

$938

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$590

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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.

Elementary School

school-card-donut-402745
4
/10

  • Coleman Elementary School

  • 1010 E Washington St

  • 0.49 miles

  • Public District Grades KG-6

High School

school-card-donut-402746
5
/10

  • Coleman Junior/Senior High School

  • 4951 N Lewis Rd

  • 0.80 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

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 $174,500.

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 are the assigned schools for this property?

The assigned schools for 401 E Railway St are:
Coleman Elementary School: GreatSchools Rating 4/10
Coleman Junior/Senior High School: GreatSchools Rating 5/10

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 $174,500.

Midland County, MI housing market in April 2024 saw over 14 listings sold above listed price, more than 3 sold at listed price and over 13 sold below. The inventory of homes for sale in Midland County, MI between March 2024 and April 2024 increased by 31.1%. The median list price of listings available in April 2024 was $224,333, while the average time on the real estate market was 38 days.

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

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