tomo logo

$375,000

Beds
1
Baths
1.5
sq ft
1,266

801 Monroe Ave NW Unit 402, Grand Rapids, MI 49503

801 Monroe Ave NW Unit 402

Grand Rapids, MI 49503

  • 144 days on market
    • Price drop $24,900↓
Welcome to 801 Monroe Ave #402! This stunning 2-story loft-style condo offers 1 bed, 1.5 baths, and beautiful lofted ceilings w/ exposed brick & beams. The open main level is perfect for entertaining, featuring black quartz counters, a center island, stainless steel appliances, wood floors, and a dining area that can comfortably seat 12. Enjoy an electric fireplace, tall windows with natural light, and a private balcony. Upstairs, the ensuite bedroom includes a walk-in closet & full bathroom. The unit has in-unit laundry hookups, and the building has shared laundry. Enjoy off-street parking, a gym, storage units, & bike/kayak storage. Prime location - easy access to the river walk, running trail, and a short walk to DeVos Place, Rosa Parks Circle, restaurants & entertainment!

Details

Property type

Condominium

Est. home value

$348,282

Lot size

Unknown

Price per sq ft

$297

Year built

1900

Annual property taxes

$6,683.9

Monthly HOA fee

$537

Price History

02/19/2025
Realcomp

Realcomp #65024051629

Price change
$375,000
-6.23%
10/01/2024
Realcomp

Realcomp #65024051629

Listed
$399,900
+20.82%
04/28/2022
Realcomp

Realcomp #65022009320

Sold
$331,000

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

$93,817
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$251,183
Cash to seller
$93,817

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

Seller’s Loan History

Lender

Northpointe Bank

Loan start date

April 2022

Original loan amount

$264,800

Est. remaining balance

$251,183

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Terrence Orourke and Wanda Orourke

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
$394,000
1 bd
|
1.5 ba
|
1,031 sq ft
|
Condo

335 Bridge St NW Unit 2602, Grand Rapids, MI 49504

Realcomp
$355,000
1 bd
|
2 ba
|
964 sq ft
|
Condo

67 Campau Cir NW, Grand Rapids, MI 49503

Realcomp
$349,950
1 bd
|
2 ba
|
1,000 sq ft
|
Condo

136 Campau Cir NW, Grand Rapids, MI 49503

Status: Active

Tomo last checked: 02/22/2025 at 11:55 PM

Listing updated: 02/21/2025 at 3:34 PM

Listed by: Scott A West, Scott A West, Green Square Properties LLCGreen Square Properties LLC Phone #: (616) 285-9305

MLS: Realcomp #65024051629

Realcomp logo