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$207,000

Beds
3
Baths
1.0
sq ft
884

131 Fair St SE, Grand Rapids, MI 49507

131 Fair St SE

Grand Rapids, MI 49507

  • 1 day on market
Don't miss out on this amazing opportunity. This property is in a great location near downtown which offers endless possibilities. With only minutes from US131 what more could you ask for? Schedule your showing today!!

Details

Property type

Single Family Residence

Est. home value

$153,208

Lot size

4,356 sq ft

Price per sq ft

$235

Year built

1890

Annual property taxes

$1,191.8

Price History

03/12/2025
Realcomp

Realcomp #65025009174

Listed
$207,000
+77.68%
06/07/2021
Realcomp

Realcomp #65021011218

Sold
$116,500

Schools & Community

Neighborhood: 

South East Community

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

$91,021
Asking price
$207,000
Closing costs (~8% of asking)
-$16,560
Est. remaining loan balance
-$99,419
Cash to seller
$91,021

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

June 2021

Original loan amount

$108,300

Est. remaining balance

$99,419

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Daniel Correa Jimenez

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: 03/13/2025 at 11:35 PM

Listing updated: 03/12/2025 at 3:19 PM

Listed by: Milly J Orduna-Reyes, Milly J Orduna-Reyes, Lake Michigan Realty MgmtLake Michigan Realty Mgmt Phone #: (616) 438-9082

MLS: Realcomp #65025009174

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