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$450,000

Beds
4
Baths
2.0
sq ft
1,510

125 Franklin St, Milford, MI 48381

125 Franklin St

Milford Vlg, MI 48381

  • 14 days on market
This charming historic bungalow nestled in the heart of Milford Village, offers the perfect blend of classic character and modern amenities. Situated on a large corner lot with beautiful well-maintained gardens, this home is just a short walk to downtown Milford providing easy access to local shops, dining and community events. Currently configured as a duplex, the property offers versatile living options-it can be easily converted back into a single family home or serve as an ideal in-law suite. The first floor kitchen has been remodeled with granite counters, backsplash, SS appliances. Both bathrooms have been updated with modern fixtures and finishes. Throughout the home, you'll find elegant crown molding, trim and refinished hardwood floors that add warmth and character. Additional updates; roof (2015), HVAC (2015), Hot water tank (2023), new windows/doorwalls, garage door/openers, new driveway, electrical box, outdoor lights, porch railings/steps, reconfigured kitchen for eat-in space/island. Move-in ready with plenty of modern conveniences while still retaining it's historic charm. This gem is perfect for those seeking a home with history, character and all the comforts of contemporary living.

Details

Property type

Single Family Residence

Est. home value

$322,766

Lot size

8,712 sq ft

Price per sq ft

$299

Year built

1932

Annual property taxes

$5,628

Price History

09/03/2024
Realcomp

Realcomp #20240065392

Listed
$450,000
+57.89%
08/27/2020
Realcomp

Realcomp #2200043374

Sold
$285,000
+67.65%
10/29/2014
Realcomp

Realcomp #214112806

Sold
$170,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Huron Valley

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

$277,051
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$136,949
Cash to seller
$277,051

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

Seller’s Loan History

Lender

Nations Reliable Lending Llc

Loan start date

August 2020

Original loan amount

$150,000

Est. remaining balance

$136,949

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Linda Slotnick

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: 09/17/2024 at 10:35 PM

Listing updated: 09/07/2024 at 2:21 PM

Listed by: Patrice A Alexander, National Realty Centers, Inc Phone #: (248) 468-1444

MLS: Realcomp #20240065392

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