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$390,000

Beds
8
Baths
3.5
sq ft
2,278

7174 Martin Ave SE, Grand Rapids, MI 49548

7174 Martin Ave SE

Gaines Twp, MI 49548

  • 40 days on market
wow ! Great home with 8 bedrooms 3.5 bath !Formerly licensed as a 12 bedroom Adult foster care home.

Details

Property type

Single Family Residence

Est. home value

$345,703

Lot size

0.25 acres

Price per sq ft

$172

Year built

1970

Annual property taxes

$4,842.67

Price History

08/09/2024
Realcomp

Realcomp #65024041393

Listed
$390,000
+36.84%
04/22/2022
Realcomp

Realcomp #65022007833

Sold
$285,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kentwood

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

$154,440
Asking price
$390,000
Closing costs (~8% of asking)
-$31,200
Est. remaining loan balance
-$204,360
Cash to seller
$154,440

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

April 2022

Original loan amount

$213,750

Est. remaining balance

$204,360

Interest rate

3.76%

Loan type

New Conventional, 30 year

Seller

Gayflor Cooper

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: 09/19/2024 at 5:45 AM

Listing updated: 08/26/2024 at 10:43 AM

Listed by: Robert G Curley, Comfort Homes Realty LLC Phone #: (616) 813-1818

MLS: Realcomp #65024041393

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Recently listed in Gaines Twp