tomo logo

$299,900

Beds
3
Baths
1.5
sq ft
1,080

16 Jay Lee Ct, Ann Arbor, MI 48108

16 Jay Lee Ct

Ann Arbor, MI 48108

  • Pending
Don't miss out on this move in ready modern Ranch style home. Property is very private, located on a quiet Cul-de-Sac and backing to vacant wooded land. Beautiful Neutral decor with Luxury Vinyl Plank flooring throughout. Vaulted Living Room Ceiling. Updated Kitchen and bathrooms. Rear deck off Dining Room, fenced yard, attached garage. All appliances stay. Ann Arbor Schools. Occupancy at closing. Multiple Offers. Please submit Highest & Best by Sunday, 1/19/25 5:00 pm.

Details

Property type

Single Family Residence

Est. home value

$255,104

Lot size

7,405 sq ft

Price per sq ft

$278

Year built

1971

Annual property taxes

$5,001

Price History

01/20/2025
Realcomp

Realcomp #20250003176

Pending
$299,900
01/14/2025
Realcomp

Realcomp #20250003176

Listed
$299,900
+143.82%
07/18/2017
Realcomp

Realcomp #217035911

Sold
$123,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

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

$119,828
Asking price
$299,900
Closing costs (~8% of asking)
-$23,992
Est. remaining loan balance
-$156,080
Cash to seller
$119,828

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

April 2021

Original loan amount

$171,564

Est. remaining balance

$156,080

Interest rate

3.02%

Loan type

FHA, 28 year

Seller

Finney John Alen Iii and Kimberly Ann Alen

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: Pending/Under Contract

Tomo last checked: 01/22/2025 at 3:00 AM

Listing updated: 01/20/2025 at 7:44 PM

Listed by: Linda Magar, RE/MAX Dream Properties Phone #: (734) 462-3600

MLS: Realcomp #20250003176

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