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$525,000

Beds
5
Baths
2.0
sq ft
1,862

437 Rosewood Ave SE, Grand Rapids, MI 49506

437 Rosewood Ave SE

East Grand Rapids, MI 49506

  • 148 days on market
This well-maintained duplex is a rare and amazing opportunity for those looking to invest in real estate. Situated on East Grand Rapids, this property is perfect for generating a steady income. The duplex features two separate units. You'll love the modern interior with beautiful hardwood floors, renovated kitchen appliances and updated windows.The property is easy to maintain, with detached garage plus extra parking in the alley. The private backyard is perfect for hosting gatherings or simply relaxing outdoors. Both units are currently occupied; apt 1 move in 30days after closing, apt 2 with lease expiration on Jun 2025Don't miss out on this fantastic opportunity to invest on real estate. $10K in seller concessions offered

Details

Property type

Single Family Residence

Est. home value

$464,966

Lot size

4,356 sq ft

Price per sq ft

$282

Year built

1914

Annual property taxes

$10,054.83

Price History

06/27/2024
Realcomp

Realcomp #65024032801

Listed
$525,000
+31.25%
04/30/2021
Realcomp

Realcomp #65021006961

Sold
$400,000
+33.78%
05/04/2017
Realcomp

Realcomp #65017009039

Sold
$299,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East 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

$205,593
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$277,407
Cash to seller
$205,593

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

Seller’s Loan History

Lender

Finance Of America Mortgage Llc

Loan start date

April 2021

Original loan amount

$300,000

Est. remaining balance

$277,407

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Victor H Hernandez Vasquez and Eunice Hernandez

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 10:00 AM

Listing updated: 09/12/2024 at 11:41 PM

Listed by: Eva M Smith, Greenridge Realty (Lowell) Phone #: (616) 897-9239

MLS: Realcomp #65024032801

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