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$229,900

Beds
3
Baths
1.5
sq ft
1,326

1718 Kalamazoo Ave SE, Grand Rapids, MI 49507

1718 Kalamazoo Ave SE

Grand Rapids, MI 49507

  • 77 days on market
    • Price drop $10,000↓
This is a fantastic investment opportunity in the vibrant, up-and-coming neighborhood of Boston Square. This lovely home, built in the late 1920s, showcases the timeless charm of craftsman architecture, with its original hardwood floors and a beautiful brick fireplace that exudes warmth and character.While the property needs a little TLC, it's the perfect canvas for those looking to build ''sweat equity.'' The potential here is undeniable, with classic features just waiting to be restored to their former glory. Outside, you'll find a two car garage. Whether you're an investor seeking a promising project or a homeowner looking to add your personal touch, this home is a great find in a neighborhood that's on the rise.

Details

Property type

Single Family Residence

Est. home value

$251,072

Lot size

5,663 sq ft

Price per sq ft

$174

Year built

1927

Annual property taxes

$3,640

Price History

09/23/2024
Realcomp

Realcomp #65024043347

Price change
$229,900
-4.17%
08/19/2024
Realcomp

Realcomp #65024043347

Listed
$239,900
+200.25%
06/30/2016
Realcomp

Realcomp #65016028089

Sold
$79,900

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

$133,451
Asking price
$229,900
Closing costs (~8% of asking)
-$18,392
Est. remaining loan balance
-$78,057
Cash to seller
$133,451

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

July 2021

Original loan amount

$84,000

Est. remaining balance

$78,057

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

James Otterbridge and Eleanor 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: 11/05/2024 at 4:20 AM

Listing updated: 09/23/2024 at 4:51 PM

Listed by: James D Mac Ewan, Greenridge Realty (EGR) Phone #: (616) 458-3655

MLS: Realcomp #65024043347

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