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$225,000

Beds
5
Baths
2.0
sq ft
2,166

1591 Terrace St, Muskegon, MI 49442

1591 Terrace St

Muskegon, MI 49442

  • 78 days on market
    • Price drop $10,000↓
Back on the market due to a change in buyer situation, this property is ready for a new owner to untap the potential of this large and lovely five bedroom historic home in downtown Muskegon. Grand windows, tall ceilings, rich woodwork, and sizable rooms make this home a charmer. It is close to all that dynamic downtown Muskegon offers as well as parks, schools, and waterways. Sitting on a corner lot with a fenced backyard, this home has a sunroom, mudroom, attached garage, and the potential to create a 1-bedroom, 1 bathroom rental unit to generate income if desired. Many updates have already been completed on this elegant residence. Are you the one to bring out its full glory? Check it out!

Details

Property type

Single Family Residence

Est. home value

$192,083

Lot size

3,920 sq ft

Price per sq ft

$104

Year built

1900

Annual property taxes

$2,322

Price History

02/11/2025
Realcomp

Realcomp #67024062142

Price change
$225,000
-4.26%
01/06/2025
Realcomp

Realcomp #67024062142

Listed
$235,000
12/31/2024
Realcomp

Realcomp #67024062142

Pending
$235,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Muskegon

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Daniel Cox

Loan start date

March 2023

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Land Contract (Argmt. Of Sale)

Seller

Aaron R Walker

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

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Status: Active

Tomo last checked: 02/23/2025 at 2:20 PM

Listing updated: 02/11/2025 at 2:04 PM

Listed by: Kristine Marie Stariha, Kristine Marie Stariha, Five Star Real Estate - HartFive Star Real Estate - Hart Phone #: (231) 721-0200

MLS: Realcomp #67024062142

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