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$749,000

Beds
5
Baths
3.5
sq ft
2,424

1005 Fernwood Rd, Royal Oak, MI 48067

1005 Fernwood Rd

Royal Oak, MI 48067

  • 2 days on market
This home is larger than it looks, over 4000'! Amazing brick home in Vinsetta Park Sub with over 4000' of finished living space completely updated in 2024! On the entry level you will enjoy the huge eat in kitchen with new appliances, formal dining room, 1/2 bath, full bath, laundry room, 3 bedrooms and expansive living room with gas fireplace. Upstairs is a primary suite with sitting area and electric fireplace, huge walk in closet and amazing full bath. The lower walk out level is another complete living unit with a huge family room with wet bar and fireplace, full bath, bedroom with egress window, mud room, mechanical room, laundry room and second full kitchen. Rent it out for extra income or enjoy the added living space. All appliances included in sale. Outside is a heated 2 1/2 car garage, circle drive and fenced back yard with private patio area. Bring your offer today!

Details

Property type

Single Family Residence

Est. home value

$444,630

Lot size

0.23 acres

Price per sq ft

$309

Year built

1948

Annual property taxes

$11,436

Price History

09/16/2024
Realcomp

Realcomp #20240050239

Removed
$749,000
09/16/2024
Realcomp

Realcomp #20240069461

Listed
$749,000
09/11/2024
Realcomp

Realcomp #20240050239

Price change
$749,000
-6.26%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$440,459
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$248,621
Cash to seller
$440,459

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

July 2019

Original loan amount

$276,000

Est. remaining balance

$248,621

Interest rate

3.99%

Loan type

New Conventional, 30 year

Seller

Douglas J King and Anahita King

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: 09/19/2024 at 4:50 AM

Listing updated: 09/17/2024 at 5:31 PM

Listed by: Eric Blaine, Real Estate One-Dbn Hts/Dbn Phone #: (313) 565-3200

MLS: Realcomp #20240069461

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