tomo logo

$254,900

Beds
3
Baths
1.0
sq ft
993

1550 Edward Ave SE, Grand Rapids, MI 49507

1550 Edward Ave SE

Grand Rapids, MI 49507

  • 21 days on market
    • Price drop $5,000↓
    • Open house Nov 07
Welcome to this Meticulously Maintained Cape Cod in Southeast Grand Rapids** Tucked in a desirable neighborhood just minutes from shopping, dining, and entertainment, this beautifully preserved Cape Cod-style home offers a perfect blend of classic charm and modern convenience. Beyond the home, the location is unbeatable--you're just minutes away from local parks, popular eateries, boutique shopping, and entertainment venues that make this area of Grand Rapids so sought after.

Details

Property type

Single Family Residence

Est. home value

$227,094

Lot size

4,792 sq ft

Price per sq ft

$257

Year built

1953

Annual property taxes

$1,529.16

Price History

10/28/2024
Realcomp

Realcomp #65024054016

Price change
$254,900
-1.92%
10/21/2024
Realcomp

Realcomp #65024054016

Price change
$259,900
-3.71%
10/14/2024
Realcomp

Realcomp #65024054016

Listed
$269,900
+12.46%

Schools & Community

Neighborhood: 

Fuller Avenue

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

$43,950
Asking price
$254,900
Closing costs (~8% of asking)
-$20,392
Est. remaining loan balance
-$190,558
Cash to seller
$43,950

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 Pacific Mortgage Corp

Loan start date

January 2024

Original loan amount

$192,000

Est. remaining balance

$190,558

Interest rate

7.03%

Loan type

New Conventional, 30 year

Seller

Brady Douma

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?

Similar Homes Nearby

Price drop
Realcomp
$254,900
3 bd
|
1 ba
|
1,241 sq ft
|
House

2460 Almont Ave SE, Grand Rapids, MI 49507

Price drop
Realcomp
$240,000
3 bd
|
1.5 ba
|
1,160 sq ft
|
House

1725 Eastern Ave SE, Grand Rapids, MI 49507

Realcomp
$245,000
3 bd
|
1 ba
|
1,034 sq ft
|
House

1141 McKinley Ct SE, Grand Rapids, MI 49506

Status: Active

Tomo last checked: 11/04/2024 at 11:25 PM

Listing updated: 11/04/2024 at 12:35 PM

Listed by: Daniel J Rau, Midwest Properties ERA Powered (Main) Phone #: (616) 364-8831

MLS: Realcomp #65024054016

Realcomp logo

Recently listed in Grand Rapids