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$390,000

Beds
4
Baths
3.0
sq ft
2,194

1640 Michigan St NE, Grand Rapids, MI 49503

1640 Michigan St NE

Grand Rapids, MI 49503

  • 87 days on market
Endless possibilities with this spacious property, located in desirable Fulton Heights - walking distance to grocery stores, restaurants, Fuller Park, public transit, farmer's market, and Aquinas College. With four bedrooms, three full baths, and plenty of room for entertainment, this unique space is a hot spot for the entire family to enjoy! Open living space upon entrance overlooking bonus, three seasons room. Beyond that is a partially fenced backyard with plenty of room to host barbecues and bonfires. Storage shed included. Paved parking with enough space for multiple cars in front of home. On those rainy, cold days find yourself entertained (or rollerblading) in expansive 680+sqft basement rec. area with pool table, bar, dart board, and built-in entertainment center!Possible 5th bedroom in basement adjacent to egress window. Call today for your private showing and take advantage of this immense living space!

Details

Property type

Single Family Residence

Est. home value

$348,887

Lot size

7,405 sq ft

Price per sq ft

$178

Year built

1963

Annual property taxes

$5,572.58

Price History

04/04/2024
Realcomp

Realcomp #71024015897

Listed
$390,000

Schools & Community

Neighborhood: 

Fulton Heights

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

$286,485
Asking price
$390,000
Closing costs (~8% of asking)
-$31,200
Est. remaining loan balance
-$72,315
Cash to seller
$286,485

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

Seller’s Loan History

Lender

Gateway Funding Diversified Mtg Svcs Lp

Loan start date

May 2015

Original loan amount

$90,000

Est. remaining balance

$72,315

Interest rate

3.7%

Loan type

New Conventional, 30 year

Seller

Thomas Tejchma and Aileen K Tejchma

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: 06/30/2024 at 10:35 PM

Listing updated: 04/04/2024 at 6:04 PM

Listed by: Kaleigh Sumner, Five Star Real Estate Phone #: (231) 733-3080

MLS: Realcomp #71024015897

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