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$180,851Estimated home value

Beds
3
sq ft
Unknown

520 N Michigan Ave, Big Rapids, MI 49307

520 N Michigan Ave

Big Rapids, MI 49307

  • Sold On 9/3/2019
**Attention Investors and savvy first home buyers!!** This handyman's special has a ton of potential. The main unit will be a 2 bedroom, 2 full bath, 2 story apartment with laundry hookups. The back of the home is a one room studio apartment with a full bathroom. Let your tenant pay the house payment while you finish remodeling the front unit, or live in the studio until you finish the front! Ask me about special financing that will allow you to have all the work done before you move in!! Not open to land contract or renters at this time.

Details

Property type

Multi Family

Est. home value

$180,851

Lot size

3,485 sq ft

Price per sq ft

Unknown

Year built

1900

Annual property taxes

$1,616

Price History

12/23/2024
Realcomp

Realcomp #71023145548

Removed
$149,900
09/16/2024
Realcomp

Realcomp #71023145548

Price change
$149,900
-3.29%
05/26/2024
Realcomp

Realcomp #71023145548

Price change
$155,000
-3.06%

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

-$73,101
Asking price
$49,900
Closing costs (~8% of asking)
-$3,992
Est. remaining loan balance
-$119,009
Cash to seller
-$73,101

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

Seller’s Loan History

Lender

Choiceone Bank

Loan start date

June 2022

Original loan amount

$123,750

Est. remaining balance

$119,009

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

Cc Vista Llc

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: Off Market

Tomo last checked: 12/23/2024 at 6:30 PM

Listing updated: 08/30/2023 at 9:08 AM

Listed by: Chris Jane, Keller Williams Northern Michigan Hometown Phone #: (231) 250-0884

MLS: Realcomp #72019034101

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