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$146,142Estimated home value

Beds
2
Baths
1.0
sq ft
1,516

1553 Silman St, Ferndale, MI 48220

1553 Silman St

Ferndale, MI 48220

  • Sold On 12/5/2016
WHY RENT WHEN YOU CAN OWN???INTERIOR COMPLETELY REDONE. HARDWOOD REFINISHED THROUGHOUT. NEW, NEW, NEW TILE, CABINETS & GRANITE IN KITCHEN, FAUCETS, STOVE, REFRIGERATOR, HOT WATER TANK, FRESH PAINT, NEW LANDSCAPING & CLEAN NEW VAPOR LINED CRAWL. FURNACE & A/C SERVICED AND WORKING WELL. AREA FOR STACK ABLE WASHER & DRYER, CLOSE TO I-75/696 COZY YARD.

Details

Property type

Single Family Residence

Est. home value

$146,142

Lot size

3,049 sq ft

Price per sq ft

$40

Year built

1924

Annual property taxes

$1,458.87

Price History

03/26/2025
Realcomp

Realcomp #20240093634

Removed
$145,000
01/24/2025
Realcomp

Realcomp #20240093634

Price change
$145,000
-3.33%
12/23/2024
Realcomp

Realcomp #20240093634

Listed
$150,000
-14.24%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Hazel Park 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

-$27,165
Asking price
$59,900
Closing costs (~8% of asking)
-$4,792
Est. remaining loan balance
-$82,273
Cash to seller
-$27,165

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

April 2021

Original loan amount

$90,000

Est. remaining balance

$82,273

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Benjamin Paga

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: Off Market

Tomo last checked: 04/02/2025 at 4:30 AM

Listing updated: 07/22/2024 at 6:55 PM

Listed by: Rose Mollicone, Keller Williams Realty Central Phone #: (586) 979-4200

MLS: MiRealSource #31300182

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