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$249,900

Beds
3
Baths
1.5
sq ft
2,320

118 S McKinley Rd, Flushing, MI 48433

118 S McKinley Rd

Flushing, MI 48433

  • 71 days on market
    • Price drop $9,000↓
From the inviting and spacious covered front porch to the impressive 1880's woodwork, this Victorian beauty will welcome you into the heart of downtown Flushing, just steps from many community festivities. This charming historical home has been well preserved and retains the original wood staircase at the front entrance, 9' pocket doors, 10' ceilings throughout, and 3 walk-in bedroom closets. This 3-bedroom home also offers two options for additional bedrooms. Modern amenities include main floor laundry and bathrooms on both floors. In 2022/2023, $50,000 was spent on updates including: - Complete custom kitchen with Cardell soft close cabinets, granite countertops and stainless steel appliances - New furnace and central air - New electrical and 200 amp service - New flooring - New interior drain tile system in Michigan basement Sellers NOTE: This residential property has Central Business District zoning, allowing for the possibility of a B&B, vacation rental or small business. The .25 acre lot next the the house is also available for $35,000.

Details

Property type

Single Family Residence

Est. home value

$274,580

Lot size

6,534 sq ft

Price per sq ft

$108

Year built

1880

Annual property taxes

$3,349

Price History

10/04/2024
Realcomp

Realcomp #20240068758

Price change
$249,900
-7.07%
09/12/2024
Realcomp

Realcomp #5050147574

Removed
$268,900
+3.86%
09/12/2024
Realcomp

Realcomp #20240068758

Listed
$258,900
-3.72%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Flushing

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

$177,843
Asking price
$249,900
Closing costs (~8% of asking)
-$19,992
Est. remaining loan balance
-$52,065
Cash to seller
$177,843

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

November 2019

Original loan amount

$64,000

Est. remaining balance

$52,065

Interest rate

3.64%

Loan type

Not Provided, 20 year

Seller

Clinton A Shanafelt and Ruthanne Shanafelt

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 8:35 PM

Listing updated: 10/04/2024 at 10:03 AM

Listed by: Michael J Krausman, Luxury Living Real Estate Phone #: (248) 342-6516

MLS: Realcomp #20240068758

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