tomo logo

$729,000

Beds
3
Baths
2.0
sq ft
2,113

940 Monroe Ave NW Unit 461, Grand Rapids, MI 49503

940 Monroe Ave NW Unit 461

Grand Rapids, MI 49503

  • 3 days on market
Incredible Opportunity! This extraordinary penthouse double-unit condo is the finest Boardwalk has to offer with grand luxurious spaces and sweeping views of Canal Park and the Grand River from every room! Highlights included a new chef's kitchen overlooking the expansive living and dining areas; spacious primary en suite with oversized closet and private bath; exposed brick walls; wood beam ceilings; new flooring; custom solar shades; two additional bedrooms with built-in shelves; second full bath; large laundry room with storage area and separate entrance; and two secured parking spaces in attached garage. The Boardwalk HOA includes on-site 24-hour security; outdoor in-ground pool; year-round 20-person hot tub; game room; rooftop deck and courtyard with gas grills, and picnic areas.Other on-site amenities available at an additional charge include The Brickyard restaurant and bar; GR Strength Underground fitness center; community laundry room; additional storage space in lower level; and extra parking spaces. Close to riverfront, parks, coffee shops, restaurants, breweries, Medical Mile, and everything awesome that downtown Grand Rapids has to offer!

Details

Property type

Condominium

Est. home value

$614,727

Lot size

Unknown

Price per sq ft

$346

Year built

1892

Annual property taxes

$8,821.53

Monthly HOA fee

$841

Price History

02/28/2025
Realcomp

Realcomp #65025007166

Listed
$729,000
+8.81%
05/01/2024
Realcomp

Realcomp #65024010492

Sold
$670,000
-1.46%
03/20/2024
Realcomp

Realcomp #65024010492

Pending
$679,900

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

$298,718
Asking price
$729,000
Closing costs (~8% of asking)
-$58,320
Est. remaining loan balance
-$371,962
Cash to seller
$298,718

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

Seller’s Loan History

Lender

Van Dyk Mortgage Corp

Loan start date

November 2021

Original loan amount

$400,000

Est. remaining balance

$371,962

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Kimberly Joy Goei and Todd Albert Post Barnes

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: 03/03/2025 at 6:35 PM

Listing updated: 03/03/2025 at 12:59 PM

Listed by: Beth A Loehfelm, Beth A Loehfelm, Coldwell Banker AJS (Casc)Coldwell Banker AJS (Casc) Phone #: (616) 957-1680

MLS: Realcomp #65025007166

Realcomp logo

Recently listed in Grand Rapids