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$400,000

Beds
3
Baths
1.5
sq ft
1,336

1530 Edgewood Dr, Royal Oak, MI 48067

1530 Edgewood Dr

Royal Oak, MI 48067

  • Pending
CLASSIC BRICK COLONIAL located on one of Royal Oak's most coveted tree-lined streets + METICULOUSLY CARED FOR & LOADED WITH UPDATES + Stunning High-End Entry Door + Refinished HARDWOOD FLOORS + FULLY REMODELED KITCHEN has WHITE SHAKER STYLE CABINETRY, Stainless Steel Appliances, Breakfast Bar, FARMHOUSE SINK & GRANITE COUNTERTOPS + Formal Dining Area w/French Door for direct access to FENCED BACKYARD w/newer EXPOSED AGGREGATE PATIO & well-manicured lawn/landscaping + Stylish FIRST FLOOR POWDER ROOM w/black and white tile + Grand LIVING ROOM w/stunningly refreshed FIREPLACE w/custom tile/granite hearth & white mantle w/newer GAS LOGS + NEWLY REMODELED (2022) 2nd Floor FULL BATH w/custom designer tile + 3 Spacious Bedrooms on 2nd Floor w/Hardwood Floors & ceiling fans + BASEMENT offers additional living space in the FINISHED PORTION w/luxury vinyl flooring as well as a LAUNDRY AREA (Washer & Dryer < 5 years old) & ample storage space + NEWER SIDEWALK & DRIVEWAY + 2 CAR GARAGE + UPDATES DONE w/in the last 10 years INCLUDE: Central Air, Furnace, Driveway, Porch, Aggregate Patio, Refinishing of Hardwood Floors, Kitchen Remodel, 2nd Floor Full Bath Remodel, Washer, Dryer, Microwave, Gas Logs in Fireplace. CHECK-OUT THE FLOOR PLAN TOUR! Showings begin 2pm on Sunday 8/11

Details

Property type

Single Family Residence

Est. home value

$404,985

Lot size

6,970 sq ft

Price per sq ft

$300

Year built

1946

Annual property taxes

$5,232

Price History

09/13/2024
Realcomp

Realcomp #20240057817

Pending
$400,000
08/06/2024
Realcomp

Realcomp #20240057817

Listed
$400,000
+50.94%
07/31/2015
Realcomp

Realcomp #215051916

Sold
$265,000

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

$247,299
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$120,701
Cash to seller
$247,299

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2021

Original loan amount

$131,000

Est. remaining balance

$120,701

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Joann Spence and Joann R Spence Revocable Living Trust

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: 09/19/2024 at 5:45 AM

Listing updated: 09/13/2024 at 12:51 PM

Listed by: Andrea B Carollo, Max Broock, REALTORS®-Birmingham Phone #: (248) 644-6700

MLS: Realcomp #20240057817

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