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$210,000

Beds
4
Baths
2.0
sq ft
1,887

904 Douglas St NW, Grand Rapids, MI 49504

904 Douglas St NW

Grand Rapids, MI 49504

  • 47 days on market
    • Price drop $7,500↓
NO DEADLINE, OFFERS PRESENTED AS RECIEVED. This 4-bedroom, 2 full bath home is a great opportunity for both owner occupants and investors looking to do nothing other than get a lease in place. It is tough to beat this location, as you are just a minute from 196 and 5 blocks to the Bridge Street Entertainment District. You even have a beautiful view of the Varnum Building from the front porch. The main floor has refinished wood floors, 1 bedroom, updated kitchen/dining area, full bath, and a large living room. Sliding doors lead to a large deck that needs some attention. Upstairs you will find 3 bedrooms and a large multi-purpose room. The backyard is private and partially fenced in.The backyard is private and partially fenced in. The 2-stall detached garage is more of a workshop/storage building as the alley has not been utilized in quite some time. The basement is unfinished apart from the second full bath. Nice laundry area, storage, and mechanicals round out the basement. Painting the floor/walls would really freshen up the basement. The windows are not brand new, but they are replacement/vinyl windows. The home was leased for $1995 BEFORE all the nice updates were completed.

Details

Property type

Single Family Residence

Est. home value

$211,963

Lot size

4,792 sq ft

Price per sq ft

$112

Year built

1905

Annual property taxes

$2,375

Price History

09/27/2024
Realcomp

Realcomp #65024042102

Price change
$210,000
-3.45%
09/10/2024
Realcomp

Realcomp #65024042102

Price change
$217,500
-3.33%
08/22/2024
Realcomp

Realcomp #65024042102

Listed
$225,000

Schools & Community

Neighborhood: 

SWAN

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

$137,285
Asking price
$210,000
Closing costs (~8% of asking)
-$16,800
Est. remaining loan balance
-$55,915
Cash to seller
$137,285

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

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

June 2016

Original loan amount

$68,000

Est. remaining balance

$55,915

Interest rate

3.61%

Loan type

New Conventional, 30 year

Seller

Zheng Hua Yi

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: 09/29/2024 at 5:25 PM

Listing updated: 09/28/2024 at 10:01 AM

Listed by: Mark Blashkiw, Blueprint Properties LLC Phone #: (616) 706-2459

MLS: Realcomp #65024042102

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