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$385,000

Beds
2
Baths
1.0
sq ft
1,560

44 Lafayette Ave NE Unit 5, Grand Rapids, MI 49503

44 Lafayette Ave NE Unit 5

Grand Rapids, MI 49503

  • 29 days on market
Experience urban living in this spacious condo in the historic Heritage Hill District. Just a short stroll from downtown Grand Rapids and the Wealthy Street shopping district. As one of the largest units in the building, this condo offers convenient one-level living with stylish details throughout. Step inside to find tall ceilings and a bright, open living area anchored by a cozy fireplace. The kitchen is perfect for hosting, featuring granite countertops, a large center island with a prep sink, and brand-new appliances. A private dining room off the kitchen adds to the ease of entertaining. The unit includes a generously sized primary bedroom with floor-to-ceiling windows and walk-in closet as well as a versatile second bedroom, currently set up as a home office. Completing the layoutare a full bathroom and in-unit laundry. Outside, enjoy shared community spaces ideal for unwinding with a book or dinner al fresco.

Details

Property type

Condominium

Est. home value

$390,159

Lot size

Unknown

Price per sq ft

$247

Year built

1855

Annual property taxes

$5,100.53

Monthly HOA fee

$154

Price History

10/23/2024
Realcomp

Realcomp #65024055786

Listed
$385,000
+38.49%
05/10/2017
Realcomp

Realcomp #65017010002

Sold
$278,000

Schools & Community

Neighborhood: 

Heritage Hill

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

$121,745
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$232,455
Cash to seller
$121,745

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

Seller’s Loan History

Lender

Union Home Mortgage Corp

Loan start date

April 2021

Original loan amount

$252,000

Est. remaining balance

$232,455

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Patrick Bedsole and Paula Bedsole

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 5:45 AM

Listing updated: 11/13/2024 at 1:45 PM

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

MLS: Realcomp #65024055786

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