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$950,000

Beds
6
Baths
7.0
sq ft
4,770

423 Madison Ave SE, Grand Rapids, MI 49503

423 Madison Ave SE

Grand Rapids, MI 49503

  • <1 day on market
Own a piece of history in the Heritage Hill Historic District. This beauty was built in 1882 by the Corson family. Mr. Corson was a sales executive for the Berkey Gay Furniture Company. This Victorian shingle style home features 3 finished floors and has 6 bedrooms, and 6.5 baths. Formal living room, formal dining room, parlor, study, and 4 fireplaces. It is currently being used as an owner occupied Bed and Breakfast. The third floor could be used as a 2 bedroom apartment with proper certification from the City of Grand Rapids. Meticulously maintained. 3 car garage plus 4 more spaces. Single family home, 2 unit, or bed and breakfast. You choose. Come and enjoy this gem.

Details

Property type

Single Family Residence

Est. home value

$828,062

Lot size

0.25 acres

Price per sq ft

$200

Year built

1882

Annual property taxes

$10,245

Price History

10/01/2024
Realcomp

Realcomp #65024051736

Listed
$950,000
+115.91%
04/28/2017
Realcomp

Realcomp #65017006919

Sold
$440,000

Schools & Community

Neighborhood: 

Heritage Hill

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Grand Rapids

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

United Bank Of Michigan

Loan start date

May 2019

Original loan amount

$80,000

Est. remaining balance

Not provided

Interest rate

3.66%

Loan type

Commercial

Seller

Steven J Koster and Debra J Koster

Lender

Mortgage 1 Inc

Loan start date

April 2017

Original loan amount

$374,000

Est. remaining balance

Not provided

Interest rate

4.21%

Loan type

Commercial, 30 year

Seller

Steven J Koster and Debra J Koster

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: 10/02/2024 at 12:20 AM

Listing updated: 10/01/2024 at 9:41 PM

Listed by: Liz J Klinzing, Greenridge Realty (EGR) Phone #: (616) 458-3655

MLS: Realcomp #65024051736

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