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$301,635Estimated home value

Beds
4
Baths
1.5
sq ft
1,980

11557 Forrer Dr, Sterling Heights, MI 48312

11557 Forrer Dr

Sterling Heights, MI 48312

  • Sold On 7/2/2024
    • Price drop $10,000↓
Introducing an exceptional residence in Sterling Heights, Michigan; a beautifully designed 4-bedroom, 1.1-bath home with a partially finished basement, and 2-car garage. New Furnace, 6-year-old Roof, and 4-year-old A/C, outdoor hot tub, swing set, and a spacious gated backyard for entertaining. This captivating property is a true gem, offering a generous living space perfect, for relaxation and entertaining. The home's thoughtful layout ensures comfortable and spacious bedrooms, while the partially finished basement provides additional flexibility and versatility. This home combines modern comfort and convenience, making it an ideal choice for those seeking a well-appointed and stylish home.

Details

Property type

Single Family Residence

Est. home value

$301,635

Lot size

8,712 sq ft

Price per sq ft

$152

Year built

1968

Annual property taxes

$5,425

Price History

07/02/2024
Realcomp

Realcomp #20240034929

Sold
$275,000
-8.03%
07/01/2024
Realcomp

Realcomp #20240034929

Pending
$299,000
06/22/2024
Realcomp

Realcomp #20240034929

Price change
$299,000
-3.24%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Warren Con

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

$31,930
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$243,150
Cash to seller
$31,930

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

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

September 2023

Original loan amount

$245,015

Est. remaining balance

$243,150

Interest rate

6.96%

Loan type

FHA, 30 year

Seller

Davontae J Coleman

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: Off Market

Tomo last checked: 07/02/2024 at 7:35 PM

Listing updated: 07/02/2024 at 2:57 PM

Listed by: Kenyona Hopkins, Century 21 Town & Country Phone #: (248) 524-1600

MLS: Realcomp #20240034929

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