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$450,000

Beds
4
Baths
2.0
sq ft
2,505

11119 16 1/2 Mile Rd, Sterling Heights, MI 48312

11119 16 1/2 Mile Rd

Sterling Heights, MI 48312

  • 29 days on market
    • Price drop $25,000↓
Seller relocating/downsizing and have found a new home, after 10 years in this wonderful family home. Located on a private drive off of 16 1/2 Mile - Country living in the city, this beautiful well cared for Cape Cod home is home is situated on a gorgeous 200 x 131 lot. Enjoy the beautiful yard from the back patio, or relaxing at the newer firepit. Lots of room for entertaining. Home features gorgeous great room with built in book shelf nook, skylights, and hardwood flooring. Spacious kitchen with lots of cabinets, and granite counter tops with a wrap around counter eating area, under cabinet lighting, built in dishwasher (2022) and microwave, also includes refrigerator (2022) and stove. Three bedrooms on the main floor. Large master bdrm has two walk in closets, one with sliding barn style door, completely re-done master bath with free standing bath tub and beautiful tiled shower. Second full bath, updates 2022. Upstairs loft style bedroom area and bridge over great room leading to large room great for an office or entertainment area. First Floor laundry room with granite counters. Partially finished extra deep basement with lots of space for entertaining, features a full kitchen with stove and refrigerator and large granite countertop for eating/entertaining. Two extra rooms for storage, and large storage room under the stairs with built in shelving. 2 1/2 car garage w/ newer opener with keypad. New roof, A/C, and exterior painted, Spring 2021. Make an appointment today to see this beautiful home.

Details

Property type

Single Family Residence

Est. home value

$363,723

Lot size

0.61 acres

Price per sq ft

$180

Year built

1996

Annual property taxes

$5,327

Price History

10/20/2024
Realcomp

Realcomp #20240075372

Price change
$450,000
-5.26%
10/19/2024
Realcomp

Realcomp #20240075372

Price change
$475,000
-4.04%
10/14/2024
Realcomp

Realcomp #20240075372

Price change
$495,000
-5.71%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Utica

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

$200,809
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$213,191
Cash to seller
$200,809

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

Seller’s Loan History

Lender

Tcf National Bank

Loan start date

March 2021

Original loan amount

$232,000

Est. remaining balance

$213,191

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

Thomas J Hosmer and Maria Hosmer

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: 11/04/2024 at 5:20 PM

Listing updated: 10/31/2024 at 8:35 AM

Listed by: Linda Mick, Market Elite Inc Phone #: (586) 226-3200

MLS: Realcomp #20240075372

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