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$870,000

Beds
3
Baths
3.0
sq ft
2,355

600 Monroe Ave NW Unit 406, Grand Rapids, MI 49503

600 Monroe Ave NW Unit 406

Grand Rapids, MI 49503

  • 61 days on market
Stunning and distinguished 3 bedroom, 3 full bath Penthouse Downtown condo at Monroe Terrace, offering views overlooking the city, the Grand River and picture perfect sunsets from your private balcony. Built in 1880, you'll love the mix of historic charm and modern design from the exposed brick walls and wood beams to the waterfall quartz kitchen countertop and bold blue subway tile. The bright and spacious main level greets you with oversized windows, fireplace and an open kitchen/living concept. There's a guest bedroom or office off the main with en-suite bath. The 2nd level is the Primary Suite with bonus living room area. The 3rd level is an entertainer's dream...and what truly puts this condo in a class of it's own. Built-in wet bar, a guest bedroom, full bath, modern fireplace, 3full sized murphy beds and sliders to the newly replaced private deck! Hassle free parking with 2 attached garage spaces (with a generously sized storage area attached) and 1 lot space. Perfect and quiet location tucked away from the traffic and crowds yet walkable to all of your favorite shops, restaurants and entertainment venues in the city. Do not miss this rare opportunity, schedule a showing today!

Details

Property type

Condominium

Est. home value

$906,146

Lot size

Unknown

Price per sq ft

$370

Year built

1880

Annual property taxes

$8,872

Monthly HOA fee

$724

Price History

11/04/2024
Realcomp

Realcomp #65024050051

Price change
$870,000
-3.23%
09/21/2024
Realcomp

Realcomp #65024013704

Removed
$899,000
+3.94%
09/21/2024
Realcomp

Realcomp #65024050051

Listed
$864,900
-3.79%

Schools & Community

Neighborhood: 

Belknap Lookout

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

$65,067
Asking price
$870,000
Closing costs (~8% of asking)
-$69,600
Est. remaining loan balance
-$735,333
Cash to seller
$65,067

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

Seller’s Loan History

Lender

Consumers Cu

Loan start date

May 2022

Original loan amount

$765,000

Est. remaining balance

$735,333

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Thomas Dunn and Julie Dunn

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?

Status: Active

Tomo last checked: 11/22/2024 at 8:55 AM

Listing updated: 11/06/2024 at 6:45 PM

Listed by: Rachael Fountain, Five Star Real Estate (M6) Phone #: (616) 531-0028

MLS: Realcomp #65024050051

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