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$190,000

Beds
4
Baths
2.0
sq ft
1,170

1601 Buchanan Ave SW, Grand Rapids, MI 49507

1601 Buchanan Ave SW

Grand Rapids, MI 49507

  • 36 days on market
    • Price drop $15,000↓
Large home with easy access to 131 and 196. Living room, dining area, kitchen, and a spacious bedroom are located on the main floor. Upstairs you will find two bedrooms and a full bath. The basement has washer and dryer hook up. With a possibility of three bedrooms in the basement and a full bathroom, this can be a rental income property. Water heater was replaced in 2023Home is in an area where some conventional buyers will qualify for a $15,000 gift.

Details

Property type

Single Family Residence

Est. home value

$187,139

Lot size

3,485 sq ft

Price per sq ft

$163

Year built

1925

Annual property taxes

$1,582.94

Price History

11/02/2024
Realcomp

Realcomp #71024054670

Price change
$190,000
-7.32%
10/16/2024
Realcomp

Realcomp #71024054670

Listed
$205,000
+141.18%
08/18/2017
Realcomp

Realcomp #65017025175

Sold
$85,000

Schools & Community

Neighborhood: 

Garfield Park

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

$103,659
Asking price
$190,000
Closing costs (~8% of asking)
-$15,200
Est. remaining loan balance
-$71,141
Cash to seller
$103,659

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

Seller’s Loan History

Lender

Van Dyk Mortgage Corp

Loan start date

August 2017

Original loan amount

$83,460

Est. remaining balance

$71,141

Interest rate

3.88%

Loan type

FHA, 30 year

Seller

Maria Isabel Ramirez

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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Status: Active

Tomo last checked: 11/22/2024 at 4:10 AM

Listing updated: 11/02/2024 at 3:35 PM

Listed by: Clarivel Delucas Valdez, Coldwell Banker Woodland Schmidt Saugatuck Phone #: (269) 857-1705

MLS: Realcomp #71024054670

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