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$399,900

Beds
2
Baths
2.5
sq ft
1,355

1011 N Sherman Dr Unit B, Royal Oak, MI 48067

1011 N Sherman Dr Unit B

Royal Oak, MI 48067

  • Pending
Sharp Royal Oak Robertson Brothers condo located in the residential area with rare 2 car garage all close to downtown. Enjoy 2 bedrooms, 2.5 baths, large open family room and kitchen with SS appliances, center island, and gas stove for those in the know! Dark plank flooring. Lots of natural light and private deck. Primary suite with walk-in closet. Washer, dryer, tub, and cabinets in the laundry area. Private entry and quiet area. Low association fees include sewer, water, trash, exterior maintenance, and insurance.

Details

Property type

Condominium

Est. home value

$372,998

Lot size

Unknown

Price per sq ft

$296

Year built

2016

Annual property taxes

$6,402

Monthly HOA fee

$230

Price History

09/13/2024
Realcomp

Realcomp #20240062627

Pending
$399,900
08/22/2024
Realcomp

Realcomp #20240062627

Listed
$399,900
+23.05%
09/29/2020
Realcomp

Realcomp #2200050569

Sold
$325,000

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

$145,118
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$222,790
Cash to seller
$145,118

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

September 2020

Original loan amount

$243,750

Est. remaining balance

$222,790

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Leah Kalas and Richard Davenport Neville

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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674 W 11 Mile Rd, Royal Oak, MI 48067

Status: Pending/Under Contract

Tomo last checked: 09/19/2024 at 3:15 PM

Listing updated: 09/13/2024 at 4:51 PM

Listed by: Stephen M Cole, Signature Sotheby's International Realty Bham Phone #: (248) 644-7000

MLS: Realcomp #20240062627

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