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$325,000

Beds
3
Baths
1.0
sq ft
1,254

1037 Fernwood Rd, Royal Oak, MI 48067

1037 Fernwood Rd

Royal Oak, MI 48067

  • 22 days on market
Welcome home to this charming ranch in the heart of Royal Oak! This 3-bedroom, 1-bath beauty features hardwood floors throughout, a seamless open-concept layout flooded with natural light, and spacious closets—offering more storage than most in the area. The updated kitchen with stainless steel appliances make meal prep and entertaining a breeze. Step outside to enjoy a fenced-in yard and an inviting aggregate concrete patio, perfect for relaxing or hosting. The driveway was refreshed in 2016 and home is pre-wired for a Level 2 EV charging station. With the furnace, AC, and hot water tank replaced in 2015, you’ll enjoy peace of mind on major systems. Located within walking distance to shopping favorites like Trader Joe’s and Ulta! Immediate occupancy is available, so you can settle in just in time to enjoy the neighborhood and all Royal Oak has to offer! Don’t miss this exceptional opportunity—schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$328,555

Lot size

5,227 sq ft

Price per sq ft

$260

Year built

1952

Annual property taxes

$3,779

Price History

10/30/2024
Realcomp

Realcomp #20240081999

Listed
$325,000
+71.05%
10/06/2015
Realcomp

Realcomp #215085634

Sold
$190,000

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

$230,375
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$68,625
Cash to seller
$230,375

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

Seller’s Loan History

Lender

Gtl Investments Inc

Loan start date

October 2015

Original loan amount

$152,000

Est. remaining balance

$68,625

Interest rate

3.15%

Loan type

New Conventional, 15 year

Seller

Jordan Macdonald

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: 11/22/2024 at 3:45 AM

Listing updated: 11/09/2024 at 1:20 PM

Listed by: Jeff Glover, KW Professionals Phone #: (734) 459-4700

MLS: Realcomp #20240081999

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