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$189,000

Beds
3
Baths
1.0
sq ft
1,116

1632 Kalamazoo Ave SE, Grand Rapids, MI 49507

1632 Kalamazoo Ave SE

Grand Rapids, MI 49507

  • 82 days on market
    • Price drop $10,000↓
Welcome to 1632 Kalamazoo Ave! This home has a multitude of opportunity. Current tenant currently pays below market rent with great rental history. Amazing for a primary residence, investors and first time home owner. With hardwood floors that shine in the main living areas and bedrooms. The kitchen and bathroom feature ceramic flooring. The basement is spacious with fourth non-conforming space and ready for your ideas. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$177,470

Lot size

5,227 sq ft

Price per sq ft

$170

Year built

1925

Annual property taxes

$3,675

Price History

09/10/2024
Realcomp

Realcomp #65024042280

Price change
$189,000
-5.03%
08/14/2024
Realcomp

Realcomp #65024042280

Listed
$199,000
+176.39%
01/04/2016
Realcomp

Realcomp #65015045779

Sold
$72,000

Schools & Community

Neighborhood: 

South East End

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

$50,385
Asking price
$189,000
Closing costs (~8% of asking)
-$15,120
Est. remaining loan balance
-$123,495
Cash to seller
$50,385

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

February 2022

Original loan amount

$131,250

Est. remaining balance

$123,495

Interest rate

3.11%

Loan type

New Conventional, 29 year

Seller

James M Otterbridge and Eleanor J Otterbridge

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: 11/04/2024 at 11:25 PM

Listing updated: 09/29/2024 at 3:21 PM

Listed by: Kathryn E James, Keller Williams GR East Phone #: (616) 575-1800

MLS: Realcomp #65024042280

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