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$254,900

Beds
4
Baths
1.0
sq ft
1,560

1300 Penn Ave NE, Grand Rapids, MI 49505

1300 Penn Ave NE

Grand Rapids, MI 49505

  • 96 days on market
Discover this 4-bedroom, 1-bathroom gem. This property offers a fantastic opportunity to create vibrant home or make a smart investment. Located less than 5 minutes from downtown Grand Rapids and near the vibrant Creston neighborhood, you'll enjoy easy access to parks, shopping, dining, and entertainment.Whether you're looking to personalize this space to fit your lifestyle or seeking a property with great potential for appreciation, this home is a must-see. Don't miss out on the chance to own in one of the hottest zip codes (49505) in town! For more information or to schedule a showing call today!

Details

Property type

Single Family Residence

Est. home value

$244,969

Lot size

4,356 sq ft

Price per sq ft

$164

Year built

1910

Annual property taxes

$3,322.75

Price History

07/31/2024
Realcomp

Realcomp #65024039633

Listed
$254,900
+34.16%
11/15/2021
Realcomp

Realcomp #65021109589

Sold
$190,000
+187.88%
07/31/2013
Realcomp

Realcomp #65013027720

Sold
$66,000

Schools & Community

Neighborhood: 

Creston

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

$59,626
Asking price
$254,900
Closing costs (~8% of asking)
-$20,392
Est. remaining loan balance
-$174,882
Cash to seller
$59,626

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

Seller’s Loan History

Lender

American Financial Resources Inc

Loan start date

November 2021

Original loan amount

$186,558

Est. remaining balance

$174,882

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Amanda Gavina

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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939 McReynolds Ave NW, Grand Rapids, MI 49504

Status: Active

Tomo last checked: 11/05/2024 at 7:10 PM

Listing updated: 10/26/2024 at 1:15 PM

Listed by: Yordanos Torrez, Polaris Real Estate LLC Phone #: (616) 988-6940

MLS: Realcomp #65024039633

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