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$649,000

Beds
4
Baths
3.0
sq ft
1,869

1248 Edgewood Rd, Birmingham, MI 48009

1248 Edgewood Rd

Birmingham, MI 48009

  • 52 days on market
Take a look at this (2) Two Family Unit with separate entrances, west of Woodward. This home can easily be turned back into a single family home if you wish. The 1st floor unit has 1,100 sq ft with 2 bedrooms, 1 bath, open kitchen, dining room, living room with natural fireplace, hardwood floors, foyer, freshly painted & enclosed front porch with Slate flooring. There is a finished lower level with bar, recreational room, full bath with whirlpool tub & walk-in shower, separate laundry with washer, dryer& storage area. The upper unit at 800 sq ft. has 2 bedroom, 1 bath, kitchen with eating space, living room & separate laundry area. Both units have their own furnace & air conditioner. Common water meter. Shared 3 car garage. New gutters & guards 2023, Updated flat roof 2023. This home sits right across the street from, St James Park! Great location for walking to Downtown Birmingham!

Details

Property type

Single Family Residence

Est. home value

$553,216

Lot size

6,098 sq ft

Price per sq ft

$348

Year built

1926

Annual property taxes

$6,503

Price History

05/16/2024
Realcomp

Realcomp #20240033530

Listed
$649,000
+29.8%
07/20/2022
Realcomp

Realcomp #2220038291

Sold
$500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$232,762
Asking price
$649,000
Closing costs (~8% of asking)
-$51,920
Est. remaining loan balance
-$364,318
Cash to seller
$232,762

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

Seller’s Loan History

Lender

Mortgage 1 Inc

Loan start date

July 2022

Original loan amount

$375,000

Est. remaining balance

$364,318

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Larry Pietron and Roxana Javid Pietron

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: 07/07/2024 at 9:35 PM

Listing updated: 05/21/2024 at 8:53 AM

Listed by: Robert W Meldrum, Max Broock, REALTORS®-Birmingham Phone #: (248) 644-6700

MLS: Realcomp #20240033530

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