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$315,000

Beds
3
Baths
1.0
sq ft
1,362

5147 Coit Ave NE, Grand Rapids, MI 49525

5147 Coit Ave NE

Plainfield Twp, MI 49525

  • 5 days on market
This home is on nearly 4 wooded acres less than a mile from Northview High School and less than 2 miles from the shops on Plainfield Ave. It features an open concept floorplan with three bedrooms, one full bath, double sliders leading out to a massive deck that overlooks the yard, with fruit trees and a large green space for endless outdoor entertainment possibilities and exploration. The laundry and mechanics are found in the unfinished lower level with an additional door to the back and side yard. Roof, furnace, and two new sump pumps all replaced/installed within the last 10 years. Updated septic system installed in 2014 and cleaned in 2021. All appliances included!

Details

Property type

Single Family Residence

Est. home value

$307,832

Lot size

3.78 acres

Price per sq ft

$232

Year built

1950

Annual property taxes

$3,930.97

Price History

06/25/2024
Realcomp

Realcomp #65024032482

Listed
$315,000
+17.54%
06/30/2022
Realcomp

Realcomp #65022018977

Sold
$268,000
+72.9%
05/11/2018
Realcomp

Realcomp #65018005182

Sold
$155,000
+38.52%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Northview

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

$95,541
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$194,259
Cash to seller
$95,541

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2022

Original loan amount

$200,000

Est. remaining balance

$194,259

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Antonio Ordonez Cux and Mary Isamar Ordonez

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: 06/30/2024 at 10:30 PM

Listing updated: 06/25/2024 at 8:16 PM

Listed by: Doren B Colley, RE/MAX of Grand Rapids (Wyomg) Phone #: (616) 261-3100

MLS: Realcomp #65024032482

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