tomo logo

$275,000

Beds
3
Baths
1.5
sq ft
1,473

1243 Lake Michigan Dr NW, Grand Rapids, MI 49504

1243 Lake Michigan Dr NW

Grand Rapids, MI 49504

  • <1 day on market
    • Open house Sep 21
When taking a peak at 1243 Lake Michigan Dr you will be soaking in the incredible character and location! An abundance of originality has been cared for over the years from wood floors (even under the carpets upstairs), craftsman trim, leaded windows, handrails, pillars to built-ins. This home stands out with 3 healthy sized bedrooms each with walk in closets, 2 baths, a quiet backyard with privacy fence, deck, 1 stall garage with off street parking, screened front porch to enjoy coffee and meals, tall ceilings, large windows with tons of natural light and an open layout. Updated mechanicals, roof, newer appliances, windows and clean/dry basement shows this place is ready to make yours without the cash needed for big ticket items! This spot couldn't be closer to all things Downtown GR hasto offer and into the west side: delicious restaurants, Bridge St, John Ball Zoo, highway access, trails and pickleball courts...get anywhere in no time. Come check it out in real life Saturday 10-12pm at the Open House!

Details

Property type

Single Family Residence

Est. home value

$234,371

Lot size

3,485 sq ft

Price per sq ft

$187

Year built

1923

Annual property taxes

$2,916.61

Price History

09/19/2024
Realcomp

Realcomp #65024049610

Listed
$275,000
+25%
09/22/2022
Realcomp

Realcomp #71022037924

Sold
$220,000

Schools & Community

Neighborhood: 

John Ball Park

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

$81,322
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$171,678
Cash to seller
$81,322

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

Seller’s Loan History

Lender

Mercantile Bank

Loan start date

October 2022

Original loan amount

$176,000

Est. remaining balance

$171,678

Interest rate

5.66%

Loan type

New Conventional, 30 year

Seller

Courtney Pontious

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: 09/19/2024 at 7:10 PM

Listing updated: 09/19/2024 at 3:21 PM

Listed by: Megan Duthler, Five Star Real Estate (Grandv) Phone #: (616) 257-1500

MLS: Realcomp #65024049610

Realcomp logo