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$209,900

Beds
3
Baths
1.0
sq ft
1,008

1516 Cole Ave NE, Grand Rapids, MI 49505

1516 Cole Ave NE

Grand Rapids, MI 49505

  • 1 day on market
This 3-bedroom, 1-bath home offers an updated kitchen and bathroom, along with hardwood, tile, and carpet flooring, and a durable asphalt shingle roof. Its efficient layout and spacious living area make it ideal for first-time buyers.

Details

Property type

Single Family Residence

Est. home value

$193,682

Lot size

6,098 sq ft

Price per sq ft

$209

Year built

1886

Annual property taxes

$1,475

Price History

12/21/2024
MiRealSource

MiRealSource #50163439

Listed
$209,900
+72.05%
02/07/2020
Realcomp

Realcomp #65019055615

Sold
$122,000
+69.44%
05/21/2019
Realcomp

Realcomp #65019011179

Sold
$72,000

Schools & Community

Neighborhood: 

Creston

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Grand Rapids City School District

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

$84,806
Asking price
$209,900
Closing costs (~8% of asking)
-$16,792
Est. remaining loan balance
-$108,302
Cash to seller
$84,806

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

February 2020

Original loan amount

$119,790

Est. remaining balance

$108,302

Interest rate

3.73%

Loan type

FHA, 30 year

Seller

Laura Ross

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: 12/22/2024 at 4:15 AM

Listing updated: 12/21/2024 at 6:51 PM

Listed by: Scott Fader, Joseph Walter Realty LLC Phone #: (888) 227-1009

MLS: MiRealSource #50163439

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