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$174,900

Beds
2
Baths
1.0
sq ft
759

1553 Silman St, Ferndale, MI 48220

1553 Silman St

Ferndale, MI 48220

  • 32 days on market
    • Price drop $15,000↓
Welcome to this updated ranch in Ferndale featuring a charming covered front porch and bright, welcoming interior. Step inside to a cozy living room with dark hardwood floors that lead into a spacious open kitchen and dining area, complete with a center island and convenient laundry. Two nice-sized bedrooms share a full bath down the hallway, providing comfort and functionality. Plus, this home includes a fully functional solar panel system that supplements all of the electric energy usage, offering incredible savings and sustainability. Outside, enjoy a private backyard oasis with a brick patio, firepit, and plenty of storage in the sheds. Located within walking distance to local parks and just minutes from downtown Ferndale. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$146,142

Lot size

3,049 sq ft

Price per sq ft

$231

Year built

1924

Annual property taxes

$2,895

Price History

11/08/2024
Realcomp

Realcomp #20240079460

Price change
$174,900
-7.9%
11/04/2024
Realcomp

Realcomp #20240079460

Price change
$189,900
-5%
10/21/2024
Realcomp

Realcomp #20240079460

Listed
$199,900
+256.96%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Hazel Park

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

$77,942
Asking price
$174,900
Closing costs (~8% of asking)
-$13,992
Est. remaining loan balance
-$82,966
Cash to seller
$77,942

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

$82,966

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: Active

Tomo last checked: 11/22/2024 at 3:15 PM

Listing updated: 11/15/2024 at 6:15 PM

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

MLS: Realcomp #20240079460

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