tomo logo

$350,000

Beds
3
Baths
2.0
sq ft
1,089

120 N Gainsborough Ave, Royal Oak, MI 48067

120 N Gainsborough Ave

Royal Oak, MI 48067

  • 21 days on market
SIGNIFICANT PRICE REDUCTION, MOTIVATED SELLER! This gorgeous 3 bedroom, 2 full bath, ranch is located within walking distance of downtown Royal Oak! Meticulously maintained, roomy feel, nicely updated and beautiful wood floors throughout! Full, partially finished basement including a full bathroom. Lots of closets and storage! Easy backyard access to lush landscapes and spacious backyard.

Details

Property type

Single Family Residence

Est. home value

$318,242

Lot size

5,663 sq ft

Price per sq ft

$322

Year built

1953

Annual property taxes

$4,614

Price History

09/27/2024
MiRealSource

MiRealSource #50148729

Removed
$350,000
09/27/2024
MiRealSource

MiRealSource #50148729

Price change
$350,000
09/27/2024
Realcomp

Realcomp #58050156575

Listed
$350,000
-2.78%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$208,046
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$113,954
Cash to seller
$208,046

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

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

August 2017

Original loan amount

$193,600

Est. remaining balance

$113,954

Interest rate

3.29%

Loan type

New Conventional, 15 year

Seller

Lindsey Warner

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: 10/18/2024 at 12:25 PM

Listing updated: 10/10/2024 at 8:26 PM

Listed by: Catherine Baker, RE/MAX Advisors Phone #: (586) 725-1900

MLS: Realcomp #58050156575

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