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$215,000

Beds
2
Baths
1.5
sq ft
1,398

1193 Wright Ln, Milan, MI 48160

1193 Wright Ln

Milan, MI 48160

  • Pending
    • Price drop $10,000↓
Are you wanting to downsize from your bigger home or perhaps wanting to get out of that apartment and start building equity? Check out this super neat and clean condo that is ready for new owners. Sellers have done a wonderful job of maintaining and improving the living space of this 2 bedroom, 1.5 bath 2 story condo. Features include a spacious kitchen with good cabinet storage, a breakfast bar, and all appliances stay. A family room with wide plank vinyl flooring and a doorwall leading to a private patio space. Cozy dining space off the kitchen and a powder room round out the main level. Upstairs, 2 generous sized bedrooms, a full bath with a tub/shower combo, and convenient 2nd floor laundry! Enjoy the patio in back under your retractable awning! Updates: June 2024: freshly painted and brand new carpet. 2023: dishwasher. 2022: air conditioner. 2021: new windows in bedrooms, washing machine. 1 car attached garage. Great location in a family friendly neighborhood, a couple minutes from US 23, and minutes from Ann Arbor and Detroit Metro Airport. A well managed condo community. Milan area schools. Move-in condition! Schedule your showing today.

Details

Property type

Condominium

Est. home value

$238,421

Lot size

Unknown

Price per sq ft

$154

Year built

2006

Annual property taxes

$4,232

Monthly HOA fee

$205

Price History

09/16/2024
Realcomp

Realcomp #20240040572

Pending
$215,000
08/19/2024
Realcomp

Realcomp #20240040572

Price change
$215,000
-4.44%
07/27/2024
Realcomp

Realcomp #20240040572

Price change
$225,000
-4.26%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Milan

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

$108,499
Asking price
$215,000
Closing costs (~8% of asking)
-$17,200
Est. remaining loan balance
-$89,301
Cash to seller
$108,499

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

Seller’s Loan History

Lender

Old National Bank

Loan start date

September 2016

Original loan amount

$108,000

Est. remaining balance

$89,301

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Caylon Cothern and Joy Cothern

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: Pending/Under Contract

Tomo last checked: 09/17/2024 at 11:35 PM

Listing updated: 09/16/2024 at 12:31 PM

Listed by: Therese Antonelli, Moving The Mitten RE Group Inc Phone #: (734) 627-7100

MLS: Realcomp #20240040572

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