tomo logo

$300,000

Beds
1
Baths
1.0
sq ft
866

1050 Wall St Unit 2B, Ann Arbor, MI 48105

1050 Wall St Unit 2B

Ann Arbor, MI 48105

  • 48 days on market
Stylishly updated Riverside Park Place condo with an open floor plan and contemporary finishes located in the highly desirable U of M Medical District! One of few one-bed units that come with covered parking! Neighboring four parks, U of M Hospital Campus, Kerrytown, Kellogg Eye Center and countless everyday shopping necessities, features and recent updates include a newer kitchen with ceiling-height cabinets, large breakfast-bar, quartz counters, ceramic patterned backsplash, 12x24 ceramic tile, stainless steel appliances, new hanging light fixtures, spacious dining area, living-room built-ins separated by a sleek modern-electric fireplace, newer paint throughout with artistic living room mural, newer laminate flooring throughout, newer bathroom vanity and medicine cabinet, bedroom offers border-track lighting and a large closet fully built-out with organized shelving and hanging rods, great natural light in nearly all rooms, comfortable entry with three closets and plenty of storage space! Extremely secure building with laundry on each floor, basement storage, outdoor pool, community room, mailroom, bicycle parking. Buyer to pay required capital contribution of 12 months of HOA dues to association at closing. Turn key in an A+ location at an excellent value in today's market!

Details

Property type

Condominium

Est. home value

$343,887

Lot size

Unknown

Price per sq ft

$347

Year built

1966

Annual property taxes

$8,427

Monthly HOA fee

$368

Price History

05/13/2024
Realcomp

Realcomp #20240032239

Listed
$300,000
+13.64%
06/22/2020
Realcomp

Realcomp #543273339

Sold
$264,000
+44.52%
05/20/2015
Realcomp

Realcomp #543230194

Sold
$182,675

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

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

$178,823
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$97,177
Cash to seller
$178,823

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

June 2008

Original loan amount

$142,500

Est. remaining balance

$97,177

Interest rate

6.05%

Loan type

Not Provided, 30 year

Seller

Yihung Huang

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: 06/30/2024 at 10:50 PM

Listing updated: 06/21/2024 at 8:13 PM

Listed by: Nicolas Petrucci, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240032239

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