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$300,891Estimated home value

Beds
3
Baths
2.0
sq ft
1,022

1009 Catalpa Dr, Royal Oak, MI 48067

1009 Catalpa Dr

Royal Oak, MI 48067

  • Off market
    • Price drop $10,000↓
Beautiful Bungalow Ranch only a few steps away from Downtown Royal Oak! This classic home features a large living room and dining room, updated kitchen, hardwood floors throughout first level, two first level bedrooms with large closets, new basement bathroom, updated recreation room and lower level bedroom with new carpet, laundry room with built-in shelving, and the unfinished area of basement converted into a perfect workshop with additional storage. Property includes a detached garage and large covered front porch perfect for enjoying sunsets.

Details

Property type

Single Family Residence

Est. home value

$300,891

Lot size

4,792 sq ft

Price per sq ft

$289

Year built

1924

Annual property taxes

$4,856

Price History

07/01/2024
Realcomp

Realcomp #20240019020

Removed
$295,000
06/12/2024
Realcomp

Realcomp #20240019020

Price change
$295,000
-3.28%
05/05/2024
Realcomp

Realcomp #20240019020

Price change
$305,000
-3.17%

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

$65,471
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$205,929
Cash to seller
$65,471

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

April 2023

Original loan amount

$208,587

Est. remaining balance

$205,929

Interest rate

6.65%

Loan type

FHA, 30 year

Seller

Gordon Finlay

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: Off Market

Tomo last checked: 07/04/2024 at 11:05 PM

Listing updated: 06/23/2024 at 4:22 PM

Listed by: Laura Finlay, @properties Christie's Int'l R.E. Detroit Phone #: (313) 230-0510

MLS: Realcomp #20240019020

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