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$569,000

Beds
4
Baths
2.0
sq ft
2,675

18 Prospect Ave SE, Grand Rapids, MI 49503

18 Prospect Ave SE

Grand Rapids, MI 49503

  • 102 days on market
    • Price drop $7,000↓
Stunning, Quintessential Heritage Hill Home In The Heart of Grand Rapids! This Home Boasts Everything You'd Expect In A Heritage Hill Home From A Beautiful Spiral Staircase, Leaded Glass Windows, Original Wood Casings/Trim & Floors & More! Many Updates Have Been Made While Still Preserving The Character & Style From When It Was Built! New AC For Peace Of Mind During The Different Seasons! The Main Level Features A Beautiful Formal Dining Room, Updated White Kitchen, Formal Living Room With Original Fireplace That Flows To The Family Room With Built-In Cabinetry! Enjoy Your AM Coffee In the Sunroom. Upstairs Find 4 Bedrooms + Full Bath & Bonus Attached Nook Off One Of The Spare Bedrooms! Walk to Cherry Hill & All Of Its Amenities!

Details

Property type

Single Family Residence

Est. home value

$537,971

Lot size

6,098 sq ft

Price per sq ft

$213

Year built

1870

Annual property taxes

$6,690

Price History

10/28/2024
Realcomp

Realcomp #65024038318

Price change
$569,000
-1.22%
09/13/2024
Realcomp

Realcomp #65024038318

Price change
$576,000
-0.17%
09/05/2024
Realcomp

Realcomp #65024038318

Price change
$577,000
-0.35%

Schools & Community

Neighborhood: 

Heritage Hill

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

$54,955
Asking price
$569,000
Closing costs (~8% of asking)
-$45,520
Est. remaining loan balance
-$468,525
Cash to seller
$54,955

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

Seller’s Loan History

Lender

Hometown Lenders Inc

Loan start date

June 2022

Original loan amount

$485,000

Est. remaining balance

$468,525

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Julia Hobson

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 1:45 AM

Listing updated: 11/02/2024 at 11:45 AM

Listed by: Mark M Brace, Berkshire Hathaway HomeServices Michigan Real Esta Phone #: (616) 364-9551

MLS: Realcomp #65024038318

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