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$680,500

Beds
5
Baths
3.5
sq ft
3,564

568 Madison Ave SE, Grand Rapids, MI 49503

568 Madison Ave SE

Grand Rapids, MI 49503

  • 70 days on market
    • Price drop $19,400↓
    • Open house Nov 24
Open 1-3PM Sunday, November 24. Character and charm abound in this spacious, tastefully decorated Heritage Hill home. 5 bedrooms, 3 full and one half baths. Wonderfully renovated eat-in kitchen, formal dining room, off-street garage parking. New roof, furnace, a/c, and driveway all within the last 4 years. Recently renovated 4 fixture ensuite primary bath. 2nd level laundry. Huge unfinished basement is deep and dry with walkout access to back yard. Steps from Pleasant Park and only 3 blocks from the Wealthy Street business corridor. Flexible family room space has potential as main floor primary. Finished 3rd floor with kitchenette and full bath. Private, fenced back yard. This is your chance to relive an elegant past. Buyer to verify all listing information.

Details

Property type

Single Family Residence

Est. home value

$653,228

Lot size

6,970 sq ft

Price per sq ft

$191

Year built

1907

Annual property taxes

$5,535

Price History

10/29/2024
Realcomp

Realcomp #65024048419

Price change
$680,500
-2.77%
09/13/2024
Realcomp

Realcomp #65024048419

Listed
$699,900
+39.15%
11/30/2020
Realcomp

Realcomp #65020022712

Sold
$503,000
+226.84%

Schools & Community

Neighborhood: 

Heritage Hill

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

$189,864
Asking price
$680,500
Closing costs (~8% of asking)
-$54,440
Est. remaining loan balance
-$436,196
Cash to seller
$189,864

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

Seller’s Loan History

Lender

Heartland Home Mortgage

Loan start date

November 2020

Original loan amount

$477,850

Est. remaining balance

$436,196

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Chad Robinson and Kyle Brown

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: 11/22/2024 at 10:20 AM

Listing updated: 11/19/2024 at 9:05 AM

Listed by: Jeffery G Martin, Coldwell Banker AJS (Casc) Phone #: (616) 957-1680

MLS: Realcomp #65024048419

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