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$285,000

Beds
3
Baths
1.0
sq ft
1,204

1403 Ferris Ave, Royal Oak, MI 48067

1403 Ferris Ave

Royal Oak, MI 48067

  • Coming soon
    • Open house Nov 15
Charming and cozy, this delightful ranch welcomes you with a picture-perfect front porch, accented by bright red shutters and an inviting autumn tree. Step inside to find a warm living room with hardwood floors and abundant natural light, leading into a functional kitchen featuring light wood cabinetry and ample counter space. The adjacent family room is perfect for relaxing, with cozy seating and large windows. A spacious bonus room doubles as a home office or music room with plenty of natural light and backyard access. Three comfortable bedrooms provide peaceful retreats, and the full bath is crisp and clean. Head downstairs to the partially finished basement, an ideal entertainment space with a unique stone fireplace and room for lounging or games. The large fenced backyard offers a private oasis, great for outdoor gatherings and seasonal foliage to provide color throughout the year. The backyard also features a patio and detached garage for extra storage. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$324,166

Lot size

6,970 sq ft

Price per sq ft

$237

Year built

1943

Annual property taxes

$6,102

Price History

06/29/2015
Realcomp

Realcomp #215046697

Sold
$173,000

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

$110,461
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$151,739
Cash to seller
$110,461

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

Seller’s Loan History

Lender

First State Bank

Loan start date

March 2021

Original loan amount

$192,000

Est. remaining balance

$151,739

Interest rate

2.21%

Loan type

New Conventional, 15 year

Seller

Shawn Morrison

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: Coming Soon

Tomo last checked: 11/13/2024 at 11:00 PM

Listing updated: 11/12/2024 at 6:05 AM

Listed by: Jim Shaffer, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240084956

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