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$259,000

Beds
3
Baths
2.0
sq ft
1,282

1581 Garfield St, Ferndale, MI 48220

1581 Garfield St

Ferndale, MI 48220

  • 45 days on market
    • Price drop $1,000↓
A must-see ranch that lives large thanks to raised ceilings in the great room and lots of light. Adjoining the great room is a roomy kitchen with granite countertops, generous cabinet space, newer stainless steel appliances and even a counter for barstools. Off the kitchen, you will appreciate the large laundry/mud room that provides storage and keeps the clutter out of sight This home boasts a primary suite - unusual in this neighborhood. In addition to the primary suite, there are two bedrooms and a full bath on the main floor. Extensive work has been done on the lot including a new porch, front walk, concrete driveway, and privacy fence. For added buyer's assurance, the buyer is covered with a home warranty for one year.

Details

Property type

Single Family Residence

Est. home value

$254,287

Lot size

4,792 sq ft

Price per sq ft

$203

Year built

1946

Annual property taxes

$4,612

Price History

06/17/2024
Realcomp

Realcomp #20240034255

Price change
$259,000
-0.38%
05/20/2024
Realcomp

Realcomp #20240034255

Listed
$260,000
+142.99%
06/11/2015
Realcomp

Realcomp #215029835

Sold
$107,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ferndale

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

$160,820
Asking price
$259,000
Closing costs (~8% of asking)
-$20,720
Est. remaining loan balance
-$77,460
Cash to seller
$160,820

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

Seller’s Loan History

Lender

Gtl Investments Inc

Loan start date

June 2015

Original loan amount

$96,300

Est. remaining balance

$77,460

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Matthew M Staton

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 10:55 PM

Listing updated: 06/17/2024 at 10:23 AM

Listed by: Justin Tibble, Reozom Real Estate Services Phone #: (810) 987-1100

MLS: Realcomp #20240034255

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