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$495,000

Beds
2
Baths
2.0
sq ft
1,306

27 Library St NE Unit 605, Grand Rapids, MI 49503

27 Library St NE Unit 605

Grand Rapids, MI 49503

  • 6 days on market
This exceptional downtown Grand Rapids condo, located in the historic Fitzgerald building, boasts stunning, one-of-a-kind views through its expansive floor-to-ceiling windows. Offering two spacious bedrooms and two full bathrooms, this condo provides both comfort and versatility. The open-concept living, dining, and kitchen areas are flooded with natural light, creating an ideal setting for both relaxation and entertaining.Step outside to your private balcony and enjoy a picturesque view of the building's lush green rooftop patio--an added bonus to this remarkable home. The Fitzgerald building also offers a range of impressive amenities, including ample storage, two reserved parking spaces in the covered garage, a fitness center, hot tub, community grills and picnic areas, alibrary, and a meeting room. And let's not forget the unbeatable location! Situated in the heart of a thriving downtown, you'll have easy access to local restaurants, bars, entertainment venues, Grand Rapids Community College, the Children's Museum, and so much more. Don't miss your chance to own a piece of this vibrant community and experience the best of downtown living!

Details

Property type

Condominium

Est. home value

$592,138

Lot size

Unknown

Price per sq ft

$380

Year built

1915

Annual property taxes

$9,152

Monthly HOA fee

$606

Price History

01/15/2025
Realcomp

Realcomp #65025001828

Listed
$495,000
-1%
12/06/2024
Realcomp

Realcomp #65024041347

Removed
$500,000
09/26/2024
Realcomp

Realcomp #65024041347

Price change
$500,000
-4.76%

Schools & Community

Neighborhood: 

Heartside

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

-$26,955
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$482,355
Cash to seller
-$26,955

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

Seller’s Loan History

Lender

The Dart Bank

Loan start date

August 2022

Original loan amount

$498,655

Est. remaining balance

$482,355

Interest rate

5.7%

Loan type

New Conventional, 30 year

Seller

Kimberly L Grimm and Thomas A Grimm

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: 01/22/2025 at 12:10 AM

Listing updated: 01/17/2025 at 11:20 AM

Listed by: Kyle Visser, ReSIDE Grand Rapids Phone #: (616) 419-9637

MLS: Realcomp #65025001828

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