tomo logo

$625,000

Beds
5
Baths
3.5
sq ft
3,046

112 Prospect Ave NE, Grand Rapids, MI 49503

112 Prospect Ave NE

Grand Rapids, MI 49503

  • 15 days on market
Welcome to quite possibly the newest home in Heritage Hill! The original structure being built in 1885 was moved to its current home in 1978. On top of a 1978 foundation, plumbing, electrical, drywall, the works. All the hard work on this historic home has already been taken care of, now it's just looking for its new owner to enjoy it's total current glory, or do the fun work to customize it to their desire. Enjoy the fabulously refinished front porch leading you into the entry way only to be greeted by the masterpiece of a staircase with architectural woodworking throughout the home you can't help but love. The wood floors and fireplace warming the tall ceilings of the open living and dining room leading through to either the fully updated kitchen or out back to it's own oasis.The staircase opening up in both the kitchen or entryway will bring you upstairs to the main 3 bedrooms to include a full hallway bath and expertly finished master with its own on-suite laundry and master bath as well. Downstairs you will find the newly carpeted 4th bedroom/living space including the homes main laundry as well as plentiful storage and the whole home boiler system. Out the back door with its massive rear porch and outdoor kitchen useful for entertaining you'll be amazed at all the brick and mason work used to bring this outdoor paradise together. Following the brick paver patio with its massive outdoor fireplace this place feels all it's own. With priceless landscaping and mature trees everywhere you look! Last but not least is the apartment in the clouds, up the outdoor spiral staircase! Completely refinished this may be the best room(s) in the house! With complete tile bathroom, open living room and generous kitchen this could be a money maker or your own private guest quarters that would never stay empty! Call today to schedule a private showing. This historical work of art will not last for long!

Details

Property type

Single Family Residence

Est. home value

$588,714

Lot size

0.24 acres

Price per sq ft

$206

Year built

1885

Annual property taxes

$5,969.9

Price History

06/19/2024
Realcomp

Realcomp #65024031155

Listed
$625,000
+108.33%
09/20/2016
Realcomp

Realcomp #65016022669

Sold
$300,000

Schools & Community

Neighborhood: 

Heritage Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Grand Rapids

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

$317,611
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$257,389
Cash to seller
$317,611

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

Seller’s Loan History

Lender

North American Savings Bank Fsb

Loan start date

September 2016

Original loan amount

$309,900

Est. remaining balance

$257,389

Interest rate

3.43%

Loan type

VA, 30 year

Seller

Paul J Clouse and Amy L Clouse

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
$619,900
4 bd
|
2.5 ba
|
3,138 sq ft
|
House

59 Union Ave NE, Grand Rapids, MI 49503

Realcomp
$649,900
4 bd
|
2.5 ba
|
3,556 sq ft
|
Condo

801 Broadway Ave NW Unit 433, Grand Rapids, MI 49504

Price drop
Realcomp
$550,000
2 bd
|
2 ba
|
1,703 sq ft
|
Condo

335 Bridge St NW Unit 1707, Grand Rapids, MI 49504

Status: Active

Tomo last checked: 07/05/2024 at 12:05 AM

Listing updated: 06/22/2024 at 2:11 PM

Listed by: Justin M Rinks, Century 21 Affiliated (GR) Phone #: (616) 369-4040

MLS: Realcomp #65024031155

Realcomp logo

Recently listed in Grand Rapids