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$205,000

Beds
3
Baths
1.5
sq ft
1,364

1131 Thomas St SE, Grand Rapids, MI 49506

1131 Thomas St SE

Grand Rapids, MI 49506

  • 1 day on market
Wonderful home with tons of original character and many updates. Currently tenant occupied, but would make a great owner occupied home as well. Tenant is on a month to month agreement that can be non-renewed with a 60 day notice. Home features 3 bedrooms and 1.5 baths. A large enclosed front porch. Hardwood floors. Stainless appliances. Formal dining room. Large partially fenced backyard. Current rent is $1,325/mo, which is well below market. Please note the shed in the backyard, the washer, dryer, microwave, and window treatments are property of the tenants and are not included as part of the sale.

Details

Property type

Single Family Residence

Est. home value

$213,663

Lot size

4,792 sq ft

Price per sq ft

$151

Year built

1910

Annual property taxes

$2,295

Price History

01/17/2025
Realcomp

Realcomp #65025002186

Listed
$205,000
+53.56%
06/29/2018
Realcomp

Realcomp #65018023512

Sold
$133,500
+142.73%
11/29/2016
Realcomp

Realcomp #65016039786

Sold
$55,000

Schools & Community

Neighborhood: 

Baxter

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

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

Fifth Third Bank Na

Loan start date

March 2021

Original loan amount

$97,650

Est. remaining balance

$88,474

Interest rate

2.73%

Loan type

New Conventional, 28 year

Seller

Sanjay Patra and Rebecca Patra

Lender

Lake Michigan Cu

Loan start date

August 2018

Original loan amount

$95,000

Est. remaining balance

$84,054

Interest rate

4.62%

Loan type

New Conventional, 30 year

Seller

Sanjay Patra and Rebecca L Patra

Lender

Lake Michigan Cu

Loan start date

August 2018

Original loan amount

$95,000

Est. remaining balance

$84,054

Interest rate

4.62%

Loan type

New Conventional, 30 year

Seller

Sanjay Patra and Rebecca L Patra

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?

Status: Active

Tomo last checked: 01/19/2025 at 4:05 AM

Listing updated: 01/17/2025 at 4:55 PM

Listed by: Kevin Wright, Qwest Realty Consultants Phone #: (616) 954-5900

MLS: Realcomp #65025002186

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