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$100,000

Beds
3
Baths
1.0
sq ft
858

1623 Lay Blvd, Kalamazoo, MI 49001

1623 Lay Blvd

Kalamazoo, MI 49001

  • Pending
    • Price drop $18,500↓
Investment Opportunity or First Time Home Buyers in the Edison Neighborhood!This 3-bedroom, 1-bath home in the vibrant Edison Neighborhood offers excellent potential!Main Floor Flex Space: The main floor bedroom has been utilized as a home office--perfect for remote work or creative space.Upper-Level: Two additional bedrooms and a full bath are located upstairs for privacy and functionality.Outdoor Highlights: Covered front porch, fenced backyard, ideal for pets or gatherings, and relax on the covered deck in any season.Garage & Storage: A 1-car detached garage provides parking or extra storage options.

Details

Property type

Single Family Residence

Est. home value

$124,635

Lot size

4,792 sq ft

Price per sq ft

$117

Year built

1910

Annual property taxes

$974

Price History

01/18/2025
Realcomp

Realcomp #66024061686

Pending
$100,000
12/28/2024
Realcomp

Realcomp #66024061686

Price change
$100,000
-15.61%
12/03/2024
Realcomp

Realcomp #66024061686

Listed
$118,500
+104.31%

Schools & Community

Neighborhood: 

Edison

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kalamazoo

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

$43,590
Asking price
$100,000
Closing costs (~8% of asking)
-$8,000
Est. remaining loan balance
-$48,410
Cash to seller
$43,590

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

May 2017

Original loan amount

$56,949

Est. remaining balance

$48,410

Interest rate

4.23%

Loan type

FHA, 30 year

Seller

Bonnie Kipker and Richard Eugene Kipker Jr

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: Pending/Under Contract

Tomo last checked: 01/22/2025 at 1:50 AM

Listing updated: 01/18/2025 at 3:46 PM

Listed by: Iesha D Fisher, Jaqua, REALTORS Phone #: (269) 341-4300

MLS: Realcomp #66024061686

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