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$500,000

Beds
2
Baths
2.0
sq ft
1,340

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

27 Library St NE Unit 605

Grand Rapids, MI 49503

  • 105 days on market
    • Price drop $25,000↓
Welcome to The Fitzgerald, one of Grand Rapids' premier condo buildings; nestled in the heart of downtown and conveniently located within walking distance to a multitude of restaurants, shops, museums and the Civic Theatre. You are immediately met with picturesque floor to ceiling windows, flooding the space with natural light and providing unparalleled views of the historic Fountain Street Church. The kitchen offers granite countertops, brand new Whirlpool appliances and plenty of space to entertain. Down the hall, you will find 2 bedrooms and 2 full baths. The primary suite provides custom closet organization and a walk-in, tile shower. Enjoy the seclusion of your private balcony or host on the rooftop terrace, complete with outdoor kitchen/barbecues and fire pits. This amazingopportunity is complete with an entry lounge, 2 secure parking spaces, 2 storage units, and private fitness room ensuring both comfort and convenience.

Details

Property type

Condominium

Est. home value

$592,138

Lot size

Unknown

Price per sq ft

$374

Year built

1915

Annual property taxes

$13,472

Monthly HOA fee

$565

Price History

09/26/2024
Realcomp

Realcomp #65024041347

Price change
$500,000
-4.76%
08/08/2024
Realcomp

Realcomp #65024041347

Listed
$525,000
-6.25%
04/02/2024
Realcomp

Realcomp #65024010470

Removed
$560,000

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

-$23,552
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$483,552
Cash to seller
-$23,552

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

$483,552

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: 11/22/2024 at 9:00 AM

Listing updated: 10/05/2024 at 2:21 PM

Listed by: Paul Marantette, Green Square Properties LLC Phone #: (616) 285-9305

MLS: Realcomp #65024041347

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