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$462,500

Beds
4
Baths
2.5
sq ft
1,996

1140 American Elm St, Lake Orion, MI 48360

1140 American Elm St

Orion Twp, MI 48360

  • 5 days on market
This is the White Oak Subdivision home you have been waiting for!! 4 bedrooms, 2.5 bath, full finished walkout, large deck & plenty of updates. Immediate occupancy- hurry and you can celebrate Halloween in your new home! A cozy covered porch welcomes guests to this fine home. Dramatic 2 story foyer opens to a large dining room or office w/hardwood floors offers options for your needs. Large freshly painted Great Room with fireplace & plenty of natural light. Spacious kitchen with tons of cabinetry and Corian counters and subway tile backsplash is open to a large nook/dining area with door to deck. Convenient updated 1st floor half bath and large laundry room complete the 1st floor. Primary bedroom features a large ensuite bathroom with separate tub and shower and 2 walk-in closets! 3 well-sized additional bedrooms share a 2nd full bath. The lower level adds more living space with sizable finished areas which can serve as game room, family room, exercise room, home office space etc.. Unfinished mechanicals room provides tons of additional storage space as well. Noteworthy updates include some rooms freshly painted Sept 2024, some new light fixtures 2024 inside and out, new storm door, newer water heater, newer furnace. Per previous owners- newer roof, Anderson windows & vinyl siding all approx 10 years old. Close to 1/2 acre with mature trees and large tiered deck with newer motorized awning complete with LED lights. Great location just off M24 and award-winning Lake Orion Schools! Rare opportunity to live in this fantastic subdivision at this price point! All appliances included and immediate occupancy. BATVAI IDRBNG *A/V equip may be in use* . Sellers are motivated!

Details

Property type

Single Family Residence

Est. home value

$424,419

Lot size

0.47 acres

Price per sq ft

$232

Year built

1997

Annual property taxes

$6,039

Monthly HOA fee

$20.83

Price History

09/12/2024
Realcomp

Realcomp #20240068462

Listed
$462,500
+50.16%
03/15/2017
Realcomp

Realcomp #216118558

Sold
$308,000
+5.68%
04/30/2015
Realcomp

Realcomp #215006894

Sold
$291,450

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lake Orion

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

$189,570
Asking price
$462,500
Closing costs (~8% of asking)
-$37,000
Est. remaining loan balance
-$235,930
Cash to seller
$189,570

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

Seller’s Loan History

Lender

Afi Financial Inc

Loan start date

September 2021

Original loan amount

$266,200

Est. remaining balance

$235,930

Interest rate

2.77%

Loan type

New Conventional, 20 year

Seller

Jason K Wilcox

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: Active

Tomo last checked: 09/17/2024 at 10:50 PM

Listing updated: 09/17/2024 at 9:11 PM

Listed by: Stacey L Taylor, Quest Realty LLC Phone #: (248) 662-5550

MLS: Realcomp #20240068462

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