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$322,500

Beds
2
Baths
1.0
sq ft
1,045

940 Monroe Ave NW Unit 457, Grand Rapids, MI 49503

940 Monroe Ave NW Unit 457

Grand Rapids, MI 49503

  • 148 days on market
    • Price drop $4,500↓
Downtown living at its best with this 4th-floor condo with a view of the Grand River! 940 Monroe was built as a furniture factory back in the late 1800s and is now home to 246 residential and 30 commercial units. This unit features large windows with a ton of natural light, 2 bedrooms, and 1 full bath. Solar blinds in the living room, exposed brick, open concept in the kitchen, dining area, and living room. A ventless washer and dryer are in one of the bedroom closets and this unit is located only 4 condos away from the parking garage, making it extremely convenient. Boardwalk offers a restaurant called Brickyard Tavern, a pool, a hot tub, an entertainment area with shuffleboard, a pool table, air hockey, and a lounge area--also, a rooftop deck with views of the city and river. One parkingspace comes with the unit, however, you can rent another space. Additional storage is available to rent on the 4th floor. Come check out this incredible condo today!

Details

Property type

Condominium

Est. home value

$353,103

Lot size

Unknown

Price per sq ft

$309

Year built

1893

Annual property taxes

$4,213.97

Monthly HOA fee

$396

Price History

11/06/2024
Realcomp

Realcomp #65024032626

Price change
$322,500
-1.38%
09/14/2024
Realcomp

Realcomp #65024032626

Price change
$327,000
-2.39%
08/14/2024
Realcomp

Realcomp #65024032626

Price change
$335,000
-1.47%

Schools & Community

Neighborhood: 

Belknap Lookout

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse

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

$138,409
Asking price
$322,500
Closing costs (~8% of asking)
-$25,800
Est. remaining loan balance
-$158,291
Cash to seller
$138,409

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

October 2020

Original loan amount

$174,000

Est. remaining balance

$158,291

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

John Weiss and Kristin Kopec

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 9:25 AM

Listing updated: 11/14/2024 at 6:45 PM

Listed by: Scott A Bradford, RE/MAX of Grand Rapids (FH) Phone #: (616) 957-0700

MLS: Realcomp #65024032626

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