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$279,000

Beds
3
Baths
1.5
sq ft
1,322

194 Farnham St SE, Grand Rapids, MI 49548

194 Farnham St SE

Kentwood, MI 49548

  • <1 day on market
    • Open house Sep 22
Welcome home to this inviting 3-bedroom, 1.5-bath residence, where charm meets modern updates. From the moment you arrive, you'll be captivated by the beautiful exterior views and lush landscaping. The spacious backyard offers plenty of room for entertaining, complete with a patio perfect for outdoor gatherings.Inside, the main floor features a cozy living room, a kitchen with an eating area, and two comfortable bedrooms. The full bathroom on this level has been recently updated, providing a fresh and modern feel. Upstairs, the versatile space could be used as a primary bedroom, complete with a convenient half bath for added privacy and comfort.The partially finished basement includes a large rec room.Acrossed the street from a park street from a park, the location offers easy access to outdoor fun and recreation. This home is move-in ready with all the big-ticket items taken care of. Recent updates include a new water heater (2023), air conditioning (2021), and a furnace and roof both updated in 2017, new electric garage door (2024). This is a fantastic opportunity to own a well-maintained home in a prime location, perfect for both relaxation and entertaining.

Details

Property type

Single Family Residence

Est. home value

$262,697

Lot size

0.24 acres

Price per sq ft

$212

Year built

1937

Annual property taxes

$3,752.77

Price History

09/20/2024
Realcomp

Realcomp #65024049781

Listed
$279,000
+52.88%
02/28/2020
Realcomp

Realcomp #65020003407

Sold
$182,500
+39.95%
08/10/2016
Realcomp

Realcomp #65016028496

Sold
$130,400

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kelloggsville

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

$125,414
Asking price
$279,000
Closing costs (~8% of asking)
-$22,320
Est. remaining loan balance
-$131,266
Cash to seller
$125,414

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2022

Original loan amount

$169,600

Est. remaining balance

$131,266

Interest rate

2.62%

Loan type

New Conventional, 10 year

Seller

Austin Reichert and Olivia Reichert

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?

Status: Active

Tomo last checked: 09/20/2024 at 9:15 PM

Listing updated: 09/20/2024 at 4:51 PM

Listed by: Deena M Vroegindewey, Weichert REALTORS Plat (Main) Phone #: (616) 301-2550

MLS: Realcomp #65024049781

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