tomo logo

$625,000

Beds
4
Baths
3.0
sq ft
1,869

1248 Edgewood Rd, Birmingham, MI 48009

1248 Edgewood Rd

Birmingham, MI 48009

  • 1 day on market
Located in the heart of Birmingham near St James Park, this meticulously maintained duplex offers a blend of classic charm and modern updates. The first floor offers 2 bedrooms and 1 bathroom and boasts an open floor plan, perfect for entertaining and everyday living. The kitchen flows into a cozy dining area and a welcoming living room with a natural fireplace, perfect for relaxing. Hardwood floors, fresh paint, and a charming foyer create an inviting atmosphere, while the enclosed front porch with slate flooring adds additional charm. The second floor offers 2 bedrooms, 1 bath, and an efficient layout with a bright kitchen and dining space. The cozy living room provides a comfortable place to unwind, while the separate laundry area adds to the functionality of the space. The basement features a recreational room with a bar, a full bath with a whirlpool tub and walk-in shower, and a separate laundry/storage area for added convenience.

Details

Property type

Single Family Residence

Est. home value

$553,216

Lot size

5,663 sq ft

Price per sq ft

$335

Year built

1926

Annual property taxes

$11,569

Price History

12/20/2024
Realcomp

Realcomp #58050163376

Listed
$625,000
-2.19%
10/12/2024
Realcomp

Realcomp #20240033530

Removed
$639,000
09/24/2024
Realcomp

Realcomp #20240033530

Price change
$639,000
-1.54%

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

$213,644
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$361,356
Cash to seller
$213,644

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

$361,356

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?

Status: Active

Tomo last checked: 12/22/2024 at 12:20 AM

Listing updated: 12/20/2024 at 10:40 AM

Listed by: Anthony Tocco, Realteam Real Estate Phone #: (586) 580-8092

MLS: Realcomp #58050163376

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