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$399,900

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

  • 51 days on market
Welcome to 801 Monroe Ave #402. This 1 bed, 1.5 bath, 2 story loft-style condo is stunning from top to bottom. This is one of the few 2-story units w. a loft in the building. The main level features an open living space, great for entertaining. The kitchen includes black quartz countertops, stainless steel appliances, wood floors, & beautiful exposed beams. The dining area is spacious and flows into the living room w. lofted ceilings, tall windows that let in a ton of natural light, an electric fireplace, exposed brick and beams & access to the private balcony. There is also a half bath & pantry w. washer/ dryer hookup. Upstairs is the ensuite bedroom w. full bath, and walk-in-closet. Enjoy the specular views, walking along the river, & easy access to downtown.

Details

Property type

Condominium

Est. home value

$348,282

Lot size

Unknown

Price per sq ft

$316

Year built

1900

Annual property taxes

$6,683.9

Monthly HOA fee

$537

Price History

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

$115,427
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$252,481
Cash to seller
$115,427

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

$252,481

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?

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Status: Active

Tomo last checked: 11/22/2024 at 5:50 AM

Listing updated: 10/01/2024 at 4:21 PM

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

MLS: Realcomp #65024051629

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