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$150,000

Beds
2
Baths
1.0
sq ft
759

1553 Silman St, Ferndale, MI 48220

1553 Silman St

Ferndale, MI 48220

  • 14 days on market
Step inside this adorable 2-bedroom, 1-bathroom home and fall in love with its spacious layout. Move-in ready, this home offers modern updates with neutral colors and abundant natural lighting. The kitchen featuring pristine white cabinets, stunning countertops and a central island make this a perfect space for all of your culinary needs. Outside you will find a private oasis ready to host all of our outdoor entertaining, perfect for those warm summer evenings. And for added peace of mind, the home includes solar panels to allow for lower energy bills. Conveniently located close to amenities, this home combines charm and practicality. Don't miss your opportunity to own this stunning home, schedule your showing today! Please note this property does not have a driveway although there is ample street parking available.

Details

Property type

Single Family Residence

Est. home value

$146,142

Lot size

3,049 sq ft

Price per sq ft

$198

Year built

1924

Annual property taxes

$2,895

Price History

12/23/2024
Realcomp

Realcomp #20240093634

Listed
$150,000
-14.24%
12/06/2024
Realcomp

Realcomp #20240079460

Removed
$174,900
11/08/2024
Realcomp

Realcomp #20240079460

Price change
$174,900
-7.9%

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

$55,207
Asking price
$150,000
Closing costs (~8% of asking)
-$12,000
Est. remaining loan balance
-$82,793
Cash to seller
$55,207

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

$82,793

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?

Status: Active

Tomo last checked: 01/07/2025 at 3:10 AM

Listing updated: 01/04/2025 at 3:15 PM

Listed by: Michael Perna, EXP Realty Main Phone #: (888) 501-7085

MLS: Realcomp #20240093634

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