tomo logo

$1,950,000

Beds
3
Baths
3.5
sq ft
2,281

557 Greenwood Ave SE, Grand Rapids, MI 49506

557 Greenwood Ave SE

East Grand Rapids, MI 49506

  • 118 days on market
Better than new construction. Quality finishes in this 2022 built, light-filled home in Gaslight Village. High ceilings, plaster finishes, herringbone floors, marble countertop and backsplash, gorgeous windows and doors, and a unique floorplan, make this turn-key home a terrific opportunity. The upper level houses a spacious primary suite with dual closets, laundry room and a beautiful office featuring panel moulding, arched bookcases and stunning fireplace. The main level is warm and inviting and well-suited to entertaining with a well appointed kitchen and second working kitchen with coffee bar and gorgeous finishes. Walk out to either front or private rear patios. The basement level features two private bedroom & bath suites, family room with second wet bar. Beautiful landscaping.

Details

Property type

Single Family Residence

Est. home value

$917,997

Lot size

6,970 sq ft

Price per sq ft

$855

Year built

2022

Annual property taxes

$31,683

Price History

08/26/2024
Realcomp

Realcomp #65024044776

Listed
$1,950,000
+757.14%
04/28/2017
Realcomp

Realcomp #65017014829

Sold
$227,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

East 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

$1,673,845
Asking price
$1,950,000
Closing costs (~8% of asking)
-$156,000
Est. remaining loan balance
-$120,155
Cash to seller
$1,673,845

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

August 2021

Original loan amount

$129,600

Est. remaining balance

$120,155

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Brian O Tierney and Heidi A Tierney

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?

Similar Homes Nearby

Realcomp
$1,995,000
4 bd
|
3.5 ba
|
3,152 sq ft
|
House

500 Belvedere Dr SE, Grand Rapids, MI 49506

Realcomp
$1,975,000
4 bd
|
4.5 ba
|
3,625 sq ft
|
House

3021 Bonnell Ave SE, Grand Rapids, MI 49506

Price drop
Realcomp
$2,088,000
5 bd
|
4 ba
|
4,179 sq ft
|
House

2916 Pioneer Club Rd SE, Grand Rapids, MI 49506

Status: Active

Tomo last checked: 12/22/2024 at 9:35 PM

Listing updated: 11/15/2024 at 11:35 AM

Listed by: Jane (Mary) Zawacki, Greenridge Realty (EGR) Phone #: (616) 458-3655

MLS: Realcomp #65024044776

Realcomp logo

Recently listed in East Grand Rapids