tomo logo

$1,250,000

Beds
5
Baths
3.5
sq ft
2,400

1005 Lake Grove Ave SE, Grand Rapids, MI 49506

1005 Lake Grove Ave SE

East Grand Rapids, MI 49506

  • 12 days on market
Welcome to this stunning home in the heart of East Grand Rapids, just a short stroll from Gaslight Village and the scenic Reeds Lake walking trails. This residence invites you in with its expansive covered front porch. As you step inside, you'll be captivated by the living room's exquisite tray ceiling details, hardwood floors, and cozy gas fireplace. The open concept design seamlessly connects the living area to the dining room and gourmet kitchen. The kitchen is a chef's dream, featuring a large center island with granite countertops, intricate tile detail behind the stove, and a spacious pantry for all your storage needs. A home office and half bath complete the main floor. Upstairs, you'll find four generously sized bedrooms, including a luxurious primary suite. The primary suiteboasts a spa-like bathroom and an expansive walk-in closet. The convenience of an upstairs laundry room and an additional full bath enhances the functionality of this level. The fully finished basement offers a versatile recreation space, a fifth bedroom, a full bath, and ample storage. This area is perfect for entertaining or accommodating guests. Step outside to discover your personal oasis in the large backyard. Enjoy the double paver block patio with a built-in fire pit and a newer hot tub spa, ideal for relaxation and gatherings. Located in the prestigious East Grand Rapids school district, this home is perfectly situated for convenience and community.

Details

Property type

Single Family Residence

Est. home value

$1,260,235

Lot size

9,583 sq ft

Price per sq ft

$521

Year built

2016

Annual property taxes

$19,400.81

Price History

06/20/2024
Realcomp

Realcomp #65024031515

Listed
$1,250,000
+653.01%
01/15/2016
Realcomp

Realcomp #65016000226

Sold
$166,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East Grand Rapids

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Northpointe Bank

Loan start date

July 2022

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

9.2%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

David F Colombo and Tianna M Colombo

Lender

Northpointe Bank

Loan start date

November 2021

Original loan amount

$625,000

Est. remaining balance

$589,812

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

David F Colombo and Tianna Colombo

Lender

Ten Thirty One Exchange Llc

Loan start date

March 2019

Original loan amount

$600,000

Est. remaining balance

Not provided

Interest rate

4.45%

Loan type

Purchase Money Mortgage

Seller

David F Colombo and Tianna M Colombo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
Realcomp
$1,245,000
5 bd
|
3.5 ba
|
3,238 sq ft
|
House

2857 Pioneer Club Rd SE, Grand Rapids, MI 49506

Realcomp
$1,399,000
4 bd
|
3.5 ba
|
2,314 sq ft
|
House

2433 Gilmour St SE, Grand Rapids, MI 49506

Realcomp
$1,199,900
6 bd
|
4.5 ba
|
2,798 sq ft
|
House

1114 Idema Dr SE, Grand Rapids, MI 49506

Status: Active

Tomo last checked: 07/02/2024 at 7:40 PM

Listing updated: 06/24/2024 at 10:14 AM

Listed by: Kyle Visser, Phone #: (616) 419-9637

MLS: Realcomp #65024031515

Realcomp logo

Recently listed in East Grand Rapids