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$219,900

Beds
2
Baths
1.0
sq ft
752

505 Cherry St SE Unit 403, Grand Rapids, MI 49503

505 Cherry St SE Unit 403

Grand Rapids, MI 49503

  • 14 days on market
Welcome to this beautifully updated 2-bedroom, 1-bath condominium located in the highly sought-after Hillmount Condos in downtown Grand Rapids. This modern, stylish unit offers a perfect blend of comfort and convenience, ideal for those looking to enjoy urban living at its finest. Spacious rooms with plenty of natural light. Contemporary finishes and open layout for easy living. Exclusive access to a stunning rooftop deck with panoramic views of the city, perfect for relaxing or entertaining guests. Located close to Eastown, with its vibrant dining, shopping, and entertainment scene. Enjoy the best of downtown living with all the amenities you could want within reach. Whether you're a first-time homebuyer, looking to downsize, or seeking a downtown investment, this condo is itWhether you're a first-time homebuyer, looking to downsize, or seeking a downtown investment, this condo offers an unbeatable location and lifestyle. Don't miss out on this fantastic opportunity to own in one of Grand Rapids' most desirable neighborhoods.

Details

Property type

Condominium

Est. home value

$214,063

Lot size

Unknown

Price per sq ft

$293

Year built

1949

Annual property taxes

$2,550

HOA fee

$406

Price History

03/04/2025
Realcomp

Realcomp #65025007737

Listed
$219,900
+48.08%
05/06/2020
Realcomp

Realcomp #65020012127

Sold
$148,500
+4.58%
01/10/2020
Realcomp

Realcomp #65019055518

Sold
$142,000

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

$95,040
Asking price
$219,900
Closing costs (~8% of asking)
-$17,592
Est. remaining loan balance
-$107,268
Cash to seller
$95,040

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

May 2020

Original loan amount

$118,800

Est. remaining balance

$107,268

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Sarah Freeman

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: 03/19/2025 at 8:10 AM

Listing updated: 03/16/2025 at 2:49 PM

Listed by: Samuel J Sterk, Five Star Real Estate (Grandv) Phone #: (616) 257-1500

MLS: Realcomp #65025007737

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