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$169,900

Beds
4
Baths
1.5
sq ft
1,798

1011 Reed Ave, Kalamazoo, MI 49001

1011 Reed Ave

Kalamazoo, MI 49001

  • 44 days on market
    • Price drop $5,000↓
Located conveniently near Downtown Kalamazoo and Western Michigan University and Kalamazoo College, this spacious 3 story home offers convenience and comfort. Three nice sized bedrooms on the second floor with the fourth being the third story finished attic. The half bath is conveniently located off of the dining room near the kitchen. The seller has installed a new furnace 2 years ago as well as new eaves troughs and downspouts. Recently a new basement waterproofing system with warranty was installed as well. Large finished basement rec room and a huge 2 car garage with work shop space complete the property. Replacement blackberry double hung windows throughout. Privacy fence and blacktop driveway. Buyer responsible to verify all information.

Details

Property type

Single Family Residence

Est. home value

$159,207

Lot size

4,356 sq ft

Price per sq ft

$95

Year built

1911

Annual property taxes

$1,900

Price History

11/06/2024
Realcomp

Realcomp #66024053082

Price change
$169,900
-2.86%
10/08/2024
Realcomp

Realcomp #66024053082

Listed
$174,900
+29.56%
12/29/2021
Realcomp

Realcomp #66021114189

Sold
$135,000

Schools & Community

Neighborhood: 

Edison

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kalamazoo

Negotiation Insights

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

Seller could get up to

$33,347
Asking price
$169,900
Closing costs (~8% of asking)
-$13,592
Est. remaining loan balance
-$122,961
Cash to seller
$33,347

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Success Mortgage Partners Inc

Loan start date

December 2021

Original loan amount

$130,950

Est. remaining balance

$122,961

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Jesse Sellers and Lydia Sellers

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?

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Status: Active

Tomo last checked: 11/21/2024 at 10:15 PM

Listing updated: 11/06/2024 at 12:00 AM

Listed by: Barry Bond, RE/MAX of Kalamazoo Phone #: (269) 382-2280

MLS: Realcomp #66024053082

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