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$580,000

Beds
4
Baths
1.5
sq ft
1,700

1605 Lake Dr SE, Grand Rapids, MI 49506

1605 Lake Dr SE

East Grand Rapids, MI 49506

  • 79 days on market
    • Price drop $15,000↓
Location, location, location! This classic East Grand Rapids Two Story home sits just inside the school district and is walkable to both Gaslight Village and Eastown Business District. The best of both worlds! Look no further than this beautiful home on a large lot, with impeccable landscaping. Step inside a bright and spacious foyer, noting original wood flooring throughout the main floor. The living room has a gas fireplace, built-in shelves and a quiet, peaceful elegance. Moving into the formal dining room, note the coffered ceiling and elegant chandelier. Kitchen has all newer appliances, updated light fixtures, breakfast nook, tons of pantry space and an updated half bath. More...Upstairs there is a lovely window seat at the landing, and the second floor is full of light, boasts 4 spacious bedrooms with decent sized closets, hardwood floors, and a small balcony off one of the bedrooms. There is a fully updated bathroom on the second floor. Attic is accessed via stairs on the second floor. Attic has high ceilings and can be finished at some point. Basement is partially finished with an egress window. It can be converted into a 5th bedroom if desired. Two stall garage, a newer deck, updated mechanicals and new electric service rounds out this complete package. Seller is requesting proof of funds or a pre-approval of conventional financing prior to granting a showing.

Details

Property type

Single Family Residence

Est. home value

$522,740

Lot size

8,712 sq ft

Price per sq ft

$342

Year built

1920

Annual property taxes

$8,636.09

Price History

09/14/2024
Realcomp

Realcomp #65024046235

Price change
$580,000
-2.52%
09/03/2024
Realcomp

Realcomp #65024046235

Listed
$595,000
+26.6%
03/21/2022
Realcomp

Realcomp #65022003943

Sold
$470,000
+43.73%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East 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

$261,586
Asking price
$580,000
Closing costs (~8% of asking)
-$46,400
Est. remaining loan balance
-$272,014
Cash to seller
$261,586

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

Seller’s Loan History

Lender

Choiceone Bank

Loan start date

November 2020

Original loan amount

$298,500

Est. remaining balance

$272,014

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Andrew Goorhouse and Kelsey Jones

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 4:25 AM

Listing updated: 11/01/2024 at 3:45 PM

Listed by: Jason R Carpenter, Keller Williams GR East Phone #: (616) 575-1800

MLS: Realcomp #65024046235

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