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$274,900

Beds
3
Baths
1.5
sq ft
1,191

1566 Fontaine Ave, Madison Heights, MI 48071

1566 Fontaine Ave

Madison Heights, MI 48071

  • 16 days on market
Very clean and well taken care of brick ranch in a great location in Madison Heights! Brand new roof in 2023, fresh paint and landscaping. Large primary bedroom, w/ two baths on the main level. Large family room/dining room and spacious kitchen! House shows very well and has been very well-maintained. Basement is clean and ready to be finished to add a lot of extra living space. Convenient location w/ easy access to Royal Oak, I-75 and 696!

Details

Property type

Single Family Residence

Est. home value

$237,608

Lot size

5,663 sq ft

Price per sq ft

$231

Year built

1958

Annual property taxes

$5,198

Price History

06/18/2024
Realcomp

Realcomp #20240042945

Listed
$274,900
+27.86%
12/27/2021
Realcomp

Realcomp #2210097421

Sold
$215,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lamphere

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

$96,210
Asking price
$274,900
Closing costs (~8% of asking)
-$21,992
Est. remaining loan balance
-$156,698
Cash to seller
$96,210

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

December 2021

Original loan amount

$172,000

Est. remaining balance

$156,698

Interest rate

2.98%

Loan type

New Conventional, 21 year

Seller

Martin Bauer

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: 07/04/2024 at 11:15 PM

Listing updated: 06/27/2024 at 9:03 AM

Listed by: Erik Elsea, Real Estate One-Rochester Phone #: (248) 652-6500

MLS: Realcomp #20240042945

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