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$585,000

Beds
2
Baths
2.0
sq ft
1,302

27 Library St NE Unit 505, Grand Rapids, MI 49503

27 Library St NE Unit 505

GrandRapidsCity_Kent, MI 49503

  • Pending
The Fitzgerald at 27 Library Street brings luxury living to the heart of Grand Rapids amid the city's premier eateries, shops, culture and nightlife. Residence 505 is a carefully crafted 2-bedroom, 2-bathroom condo that offers 1,300 square feet of interior space, two balconies, three exposures, and garage parking for two vehicles. The great room enjoys southwestern views of Veterans Park and a custom-designed kitchen with granite countertops and top-of-the-line appliances. The primary bedroom features a large closet and tiled en-suite. The nine-story Fitzgerald building consists of 39 units where residents enjoy a sleek entry lobby, lounge, landscaped rooftop terrace equipped with an outdoor kitchen and gas fireplaces, and private fitness center.

Details

Property type

Condominium

Est. home value

$588,014

Lot size

Unknown

Price per sq ft

$450

Year built

1915

Annual property taxes

$9,031.68

Monthly HOA fee

$532

Price History

03/28/2025
Realcomp

Realcomp #65025008101

Pending
$585,000
03/12/2025
Realcomp

Realcomp #65025008101

Listed
$585,000
+9.35%
07/01/2022
Realcomp

Realcomp #65022028946

Sold
$535,000

Schools & Community

Neighborhood: 

Heartside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

GrandRapids

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

$126,878
Asking price
$585,000
Closing costs (~8% of asking)
-$46,800
Est. remaining loan balance
-$411,322
Cash to seller
$126,878

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

Seller’s Loan History

Lender

Morgan Stanley Private Bank Na

Loan start date

July 2022

Original loan amount

$428,000

Est. remaining balance

$411,322

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Christopher Kunnen

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: Pending/Under Contract

Tomo last checked: 03/31/2025 at 5:45 AM

Listing updated: 03/28/2025 at 9:01 AM

Listed by: Christopher Billmeier, The Billmeier Group Phone #: (616) 350-2998

MLS: Realcomp #65025008101

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