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$225,000

Beds
3
Baths
2.0
sq ft
1,330

553 Lincoln Ave NW, Grand Rapids, MI 49504

553 Lincoln Ave NW

Grand Rapids, MI 49504

  • 8 days on market
Move in ready 3 bedroom 2 full bath home on the NW side of GR! Desirable open floor plan updated with luxury vinyl planking, vinyl windows, stainless appliances and much more! Sizable primary suite on the main floor with attached private bathroom, and the additional two spacious bedrooms upstairs. Full formal dining room and nicely updated spacious kitchen as well for easy entertaining! The convenient mudroom in back features the main floor laundry and leads out into your private fenced in back yard with brick patio. Biggest bonus- possession at close! Located with easy access to the highway, commuting is a breeze, while still being within reach of all that Grand Rapids has to offer. Schedule a private tour today! Offers will be presented as received.

Details

Property type

Single Family Residence

Est. home value

$202,768

Lot size

2,614 sq ft

Price per sq ft

$170

Year built

1890

Annual property taxes

$2,523.64

Price History

06/26/2024
Realcomp

Realcomp #65024032625

Listed
$225,000
+27.84%
01/07/2022
Realcomp

Realcomp #65021117931

Sold
$176,000

Schools & Community

Neighborhood: 

West Grand

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

$71,004
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$135,996
Cash to seller
$71,004

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

January 2022

Original loan amount

$143,264

Est. remaining balance

$135,996

Interest rate

3.1%

Loan type

FHA, 30 year

Seller

Eric Lloyd and Wayne Spearman

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: 07/04/2024 at 9:40 PM

Listing updated: 07/01/2024 at 4:43 PM

Listed by: Lucas Howard, Keller Williams GR East Phone #: (616) 575-1800

MLS: Realcomp #65024032625

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