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$318,242Estimated home value

Beds
3
Baths
2.0
sq ft
1,100

120 N Gainsborough Ave, Royal Oak, MI 48067

120 N Gainsborough Ave

Royal Oak, MI 48067

  • Sold On 8/30/2017
Downtown Royal Oak - Spacious ranch within a short walk to Downtown Royal Oak. Sought after open floor plan with larger rooms. Updated open kitchen with granite. 2 updated full bathrooms. Hardwood floors. All newer windows. Updated copper plumbing. Large 1.5 car garage. Large back patio. Almost 1100 sqft Lower Level. Owner is a licensed Realtor.

Details

Property type

Single Family Residence

Est. home value

$318,242

Lot size

5,663 sq ft

Price per sq ft

$219

Year built

1953

Annual property taxes

$2,589

Price History

01/20/2025
Realcomp

Realcomp #58050156575

Removed
$347,000
11/01/2024
Realcomp

Realcomp #58050156575

Price change
$347,000
-0.86%
09/27/2024
MiRealSource

MiRealSource #50148729

Removed
$350,000

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

$109,918
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$110,790
Cash to seller
$109,918

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

$110,790

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: Off Market

Tomo last checked: 01/22/2025 at 6:45 AM

Listing updated: 08/30/2023 at 10:42 AM

Listed by: Michael Perrotta, The Agency Hall & Hunter Phone #: (248) 644-3500

MLS: Realcomp #217065899

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