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$289,000

Beds
5
Baths
4.0
sq ft
3,874

137 E Front St, Adrian, MI 49221

137 E Front St

Adrian, MI 49221

  • 406 days on market
    • Price drop $20,000↓
Historic house available for offices, residence, located in a business area, near downtown Adrian. 3,800 sq ft, newly decorated, has 5 upper bedrooms, 4 baths, large family room and a furnished laundry room. Main floor has 7 rooms. They include dining room, living room, family room, large kitchen with island, seating 10 people, SS appliances and another furnished laundry room, 3/4 bath and half bath. There are 2 interior carpeted staircases and 4 egress doors. There is a separate entrance to a private office or guest quarters. The basement has a new gas boiler. New metal roof. Large deck in small, low-maintenance yard. Short distance to downtown. Bus service. Located near Adrian College and Sienna Heights University. Move-in ready. Mix use B-3 zoning.

Details

Property type

Single Family Residence

Est. home value

$325,573

Lot size

6,534 sq ft

Price per sq ft

$75

Year built

1900

Annual property taxes

$3,330

Price History

08/12/2024
MiRealSource

MiRealSource #50118427

Listed
$289,000
08/10/2024
MiRealSource

MiRealSource #50118427

Removed
$289,000
04/07/2024
MiRealSource

MiRealSource #50118427

Price change
$289,000
-6.47%

Schools & Community

Elementary school: 

Prairie Elementary School

Middle school: 

Springbrook Middle School

High school: 

Adrian High School

School district: 

Adrian City School District

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

$238,389
Asking price
$289,000
Closing costs (~8% of asking)
-$23,120
Est. remaining loan balance
-$27,491
Cash to seller
$238,389

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

Seller’s Loan History

Lender

The Northern Ohio Investment Co

Loan start date

April 2005

Original loan amount

$50,000

Est. remaining balance

$27,491

Interest rate

5.62%

Loan type

New Conventional, 30 year

Seller

Teresa M Kohler

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: 09/19/2024 at 7:15 PM

Listing updated: 08/13/2024 at 12:12 PM

Listed by: Jonathan Minerick, HomeCoin.com Phone #: (888) 400-2513

MLS: MiRealSource #50118427

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