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$399,900

Beds
3
Baths
3.0
sq ft
1,730

2986 Michigan St NE, Grand Rapids, MI 49506

2986 Michigan St NE

Grand Rapids, MI 49506

  • <1 day on market
    • Open house Oct 06
Beautifully situated on 4+ acres in NE Grand Rapids, you'll love this wonderfully maintained home. Quiet and secluded, this beautiful home is located on the edge of East Grand Rapids, close to Knapps Corner and just minutes from downtown. Natural light shines in every room with this open floor plan and allows for easy living and entertaining. There are amazing views from the giant windows in the living room and attached dining space. Main floor hosts the primary suite along with 2 ample sized bedrooms and a full guest bath. The lower level is a perfect space for an in law-suite with a full kitchen and bathroom. The oversized family room provides tons of space to entertain! See it today!

Details

Property type

Single Family Residence

Est. home value

$401,285

Lot size

4.03 acres

Price per sq ft

$232

Year built

1955

Annual property taxes

$4,351

Price History

10/01/2024
Realcomp

Realcomp #65024051664

Listed
$399,900
05/17/2024
Realcomp

Realcomp #65024016007

Removed
$399,900
05/06/2024
Realcomp

Realcomp #65024016007

Price change
$399,900
-5.88%

Schools & Community

Neighborhood: 

Michigan Oaks

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

$146,054
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$221,854
Cash to seller
$146,054

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

Seller’s Loan History

Lender

Level One Bank

Loan start date

August 2021

Original loan amount

$243,000

Est. remaining balance

$221,854

Interest rate

2.98%

Loan type

New Conventional, 25 year

Seller

Ethan W Johnson and Stephanie L Johnson

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: 10/01/2024 at 10:25 PM

Listing updated: 10/01/2024 at 7:01 PM

Listed by: Seth Railsback, Bellabay Realty (North) Phone #: (616) 719-1022

MLS: Realcomp #65024051664

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