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$585,000

Beds
6
Baths
5.0
sq ft
3,341

2678 Richmond St NW, Grand Rapids, MI 49504

2678 Richmond St NW

Grand Rapids, MI 49504

  • Pending
    • Price drop $14,999↓
Investment potential , Possible AFC, 7 BR, 4 BA, 3 Kitchens, Expansive off street parking. Check with the City for all available uses. Motivated seller.Currently used to house a single family, the primary unit was remodeled in 2018, boasts four spacious bedrooms, three bathrooms, and a four-season room complete with a wood-burning stove. Entertain effortlessly in the well-appointed kitchen featuring island seating, stainless steel appliances, and a large pantry. The vaulted ceiling seamlessly connects the kitchen to the inviting living room, enhanced by a cozy electric fireplace. Seller has requested no sign in the yard.This property is zoned MON-LDR. Check with the city for the possibilities.

Details

Property type

Single Family Residence

Est. home value

$395,808

Lot size

0.69 acres

Price per sq ft

$176

Year built

1973

Annual property taxes

$4,812.17

Price History

07/04/2024
Realcomp

Realcomp #65024014764

Pending
$585,000
06/26/2024
Realcomp

Realcomp #65024014764

Price change
$585,000
-2.5%
06/26/2024
Realcomp

Realcomp #65024014764

Listed
$599,999

Schools & Community

Neighborhood: 

Cherry Run

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

$305,902
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$232,298
Cash to seller
$305,902

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

Seller’s Loan History

Lender

Independent Bank

Loan start date

May 2018

Original loan amount

$261,500

Est. remaining balance

$232,298

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

Graciela B Francisco and Graciela Francisco

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: Pending/Under Contract

Tomo last checked: 07/04/2024 at 11:10 PM

Listing updated: 07/04/2024 at 9:53 AM

Listed by: Scott Travis, Phone #: (817) 597-7335

MLS: Realcomp #65024014764

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