tomo logo

$309,000

Beds
1
Baths
1.0
sq ft
932

940 Monroe Ave NW Unit 425, Grand Rapids, MI 49503

940 Monroe Ave NW Unit 425

Grand Rapids, MI 49503

  • 41 days on market
    • Price drop $10,000↓
Welcome to urban living at the Boardwalk Condominiums! This industrial modern unit on the 4th floor offers stylish downtown living. Step inside to a spacious, open-concept living room and kitchen, where soaring ceilings with rich wood detailing create an inviting atmosphere. Enjoy seamless indoor-outdoor living with a private balcony just off the living room. The bedroom is generously sized with a walk-in closet, featuring a convenient in-unit washer and dryer. The building itself is packed with top-notch amenities: relax by the pool and hot tub, challenge friends in the game room, or unwind in the peaceful courtyards. With a prime location across from Canal Park, and easy access to downtown, Medical Mile, and the Grand River, this is the perfect downtown retreat!

Details

Property type

Condominium

Est. home value

$335,312

Lot size

Unknown

Price per sq ft

$332

Year built

1892

Annual property taxes

$4,100

Monthly HOA fee

$369

Price History

10/21/2024
Realcomp

Realcomp #65024053792

Price change
$309,000
-3.13%
10/11/2024
Realcomp

Realcomp #65024053792

Listed
$319,000
+51.98%
07/25/2017
Realcomp

Realcomp #65017029086

Sold
$209,900
+13.52%

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

$141,111
Asking price
$309,000
Closing costs (~8% of asking)
-$24,720
Est. remaining loan balance
-$143,169
Cash to seller
$141,111

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

Seller’s Loan History

Lender

Independent Bank

Loan start date

July 2017

Original loan amount

$167,920

Est. remaining balance

$143,169

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Mallory L Harris

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 5:50 AM

Listing updated: 10/21/2024 at 11:30 AM

Listed by: Kyle Visser, Phone #: (616) 419-9637

MLS: Realcomp #65024053792

Realcomp logo