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$239,900

Beds
2
Baths
1.0
sq ft
824

505 Cherry St SE Unit 517, Grand Rapids, MI 49503

505 Cherry St SE Unit 517

Grand Rapids, MI 49503

  • 45 days on market
    • Open house Dec 22
Opportunity to own one of fewer than 10 units with in-unit laundry at The Hillmount in Heritage Hill. Imagine calling this striking 1949 Art Moderne building your home. 0.4 miles west of the Cherry Street shopping district & north of the Wealthy Street corridor with local shops, restaurants, & bars. 1.2 miles south of Corewell Hospital & university hubs along Michigan Ave. This 5th floor unit boasts north-facing windows. An open main entertaining area includes the kitchen with quartz counters, and center island with gas range. Ample storage throughout, and an assigned storage cage in the basement. Monthly HOA dues include fitness facility, on-site laundromat, rooftop deck with GR skyline views, heat, water, gas, fiber internet, sewer, trash, recycling, snow removal and landscaping ofa lovely flower garden in front. Uncovered parking in a private lot is included; carport parking assigned via wait list. Carpets were cleaned and walls freshly painted in Nov. 2024. 2 Pets (1 dog) allowed per unit.

Details

Property type

Condominium

Est. home value

$223,013

Lot size

1.86 acres

Price per sq ft

$292

Year built

1949

Annual property taxes

$2,838.32

Monthly HOA fee

$450

Price History

12/12/2024
Realcomp

Realcomp #65024058205

Listed
$239,900
12/10/2024
Realcomp

Realcomp #65024058205

Pending
$239,900
11/06/2024
Realcomp

Realcomp #65024058205

Listed
$239,900
+51.84%

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

$129,868
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$90,840
Cash to seller
$129,868

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

Seller’s Loan History

Lender

Metlife Home Loans

Loan start date

May 2009

Original loan amount

$137,600

Est. remaining balance

$90,840

Interest rate

4.98%

Loan type

VA, 30 year

Seller

Sandra V Jones

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: 12/22/2024 at 9:00 AM

Listing updated: 12/19/2024 at 4:42 PM

Listed by: Kellie Kalish, Five Star Real Estate (Eastown) Phone #: (616) 608-0600

MLS: Realcomp #65024058205

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