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$319,900

Beds
3
Baths
2.0
sq ft
1,014

1505 Hoffman Ave, Royal Oak, MI 48067

1505 Hoffman Ave

Royal Oak, MI 48067

  • Pending
    • Price drop $5,000↓
Welcome home to this beautifully updated 3 bedroom, 2 full bathroom ranch home across from Dondero Park! Nothing to do but move in! The kitchen, full bath, roof, driveway, and windows were all updated in 2019. The furnace and AC were replaced in 2018. The fenced backyard with expansive patio and storage shed are great for entertaining in the summer months. The finished basement with full bath doubles your living space. Walk the beautiful tree lined streets of Royal Oak or bike to downtown. Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$276,157

Lot size

5,663 sq ft

Price per sq ft

$316

Year built

1948

Annual property taxes

$5,293

Price History

09/30/2024
Realcomp

Realcomp #20240067658

Pending
$319,900
09/26/2024
Realcomp

Realcomp #20240067658

Price change
$319,900
-1.54%
09/10/2024
Realcomp

Realcomp #20240067658

Listed
$324,900
+8.66%

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

$35,330
Asking price
$319,900
Closing costs (~8% of asking)
-$25,592
Est. remaining loan balance
-$258,978
Cash to seller
$35,330

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

Seller’s Loan History

Lender

Superior National Bank

Loan start date

July 2021

Original loan amount

$278,000

Est. remaining balance

$258,978

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Ryan J Grant and Faye R Untracht

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: Pending/Under Contract

Tomo last checked: 10/04/2024 at 1:20 AM

Listing updated: 09/30/2024 at 7:21 PM

Listed by: Stefanie Sanders, KW Domain Phone #: (248) 590-0800

MLS: Realcomp #20240067658

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