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$350,000

Beds
3
Baths
1.5
sq ft
1,740

1566 Petrolia, West Bloomfield, MI 48324

1566 Petrolia

West Bloomfield Twp, MI 48324

  • 33 days on market
    • Price drop $15,000↓
    • Open house Sep 21
Experience the character, warmth, and charm of this superb 3-bedroom, 1.5-bath colonial- offering 1,740 square feet of living space on a 1/2-acre lot. From the moment you arrive, the period architecture and inviting covered front porch will capture your heart, leading you into a welcoming dining and family room area. The expansive family room benefits from east-west exposure, filling the space with natural light. A new natural fireplace serves as the room's focal point. A large doorwall opens to a 700 sq. ft. composite deck, offering ample space for outdoor living that overlooks a private and fenced backyard—perfect for relaxation and play. The back portion of the home features a charming U-shaped kitchen with stainless appliances, including a new refrigerator and gas range. Enjoy serene backyard views through the bay window at the sink. Adjacent to the kitchen is a convenient first-floor laundry room/mudroom, along with an updated half bath. Refinished hardwood floors extend throughout the main floor, adding to the home’s timeless appeal. Upstairs, discover three inviting bedrooms and an updated full bath featuring a new ceramic floor, vanity, fixtures, and sleek wall paneling. The 17x16 primary bedroom offers two large closets, abundant natural light, and views from both the front and back of the house. The basement has been freshly painted, including the floor, ceiling, and walls, and boasts newer plumbing and electrical, along with a new furnace and water heater. A newer well pump adds to the home’s efficiency. A 24x24 heated garage with insulated walls and door, 220 plug, and dedicated workspace ensures ample room for vehicles and projects. The chimney has been tuck-pointed and has a new stainless chimney cap. The entire home has been freshly painted, and new light fixtures add a modern touch. The front room, currently used as an office, could easily be converted into a fourth bedroom. Enjoy Scotch Lake privileges and the convenience of being close to Union Lake, dining, and shopping. Not to be missed!

Details

Property type

Single Family Residence

Est. home value

$299,592

Lot size

0.50 acres

Price per sq ft

$202

Year built

1928

Annual property taxes

$4,021

Price History

09/14/2024
Realcomp

Realcomp #20240059745

Price change
$350,000
-4.11%
08/13/2024
Realcomp

Realcomp #20240059745

Listed
$365,000
+30.36%
07/06/2021
Realcomp

Realcomp #2210039401

Sold
$280,000
+80.65%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Waterford

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

$68,955
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$253,045
Cash to seller
$68,955

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

Seller’s Loan History

Lender

Michigan Schools & Government Cu

Loan start date

July 2021

Original loan amount

$271,600

Est. remaining balance

$253,045

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Rachel Wood and Artur Stepanov

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: 09/16/2024 at 1:55 AM

Listing updated: 09/15/2024 at 10:01 AM

Listed by: John M Cotter, KW Domain Phone #: (248) 590-0800

MLS: Realcomp #20240059745

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