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$270,000

Beds
5
Baths
2.5
sq ft
1,952

511 Spring St, Big Rapids, MI 49307

511 Spring St

Big Rapids, MI 49307

  • 27 days on market
    • Price drop $10,000↓
Welcome to your new house! Nestled on a spacious corner lot, this beautifully updated 5-bedroom, 2.5-bathroom home offers a perfect blend of comfort and practical living. Especially with all the solar panels that will save on your electric bill. With generous square footage and a thoughtfully designed layout, this property has room for everyone to spread out and enjoy.The main floor has an open flowing living room and kitchen that includes brand new stainless steel appliances and a 5th bedroom/office space. The laundry is also kept on the main floor and walks out to the backyard where you can enjoy a fire on these chilly fall evenings. The basement has a TON of space where this is already a bathroom plumbed and has the potential to add more bedrooms. The side yard also offers tons of space for kids and animals to play. This property also had 2 new driveways put in this last month, walking distance to the local elementary school and is offering possession at closing.

Details

Property type

Single Family Residence

Est. home value

$268,559

Lot size

0.28 acres

Price per sq ft

$139

Year built

1982

Annual property taxes

$4,344

Price History

11/19/2024
Realcomp

Realcomp #72024056485

Price change
$270,000
-3.57%
10/31/2024
Realcomp

Realcomp #72024056485

Price change
$280,000
-3.45%
10/26/2024
Realcomp

Realcomp #72024056485

Listed
$290,000
+11.54%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Big 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

$80,923
Asking price
$270,000
Closing costs (~8% of asking)
-$21,600
Est. remaining loan balance
-$167,477
Cash to seller
$80,923

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

Seller’s Loan History

Lender

Van Dyk Mortgage Corp

Loan start date

November 2020

Original loan amount

$183,838

Est. remaining balance

$167,477

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Brett Slomiski

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: 11/23/2024 at 12:20 AM

Listing updated: 11/19/2024 at 10:28 AM

Listed by: Kati Ross, RE/MAX TOGETHER Phone #: (231) 629-4100

MLS: Realcomp #72024056485

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