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$450,000

Beds
3
Baths
1.0
sq ft
955

1602 Cole St, Birmingham, MI 48009

1602 Cole St

Birmingham, MI 48009

  • 7 days on market
Great opportunity to build your dream home in Birmingham on a huge corner lot 44 x 164 amongst million dollar homes. Located in the heart of the popular Rail District and just walking distance to the Birmingham Ice Area, Tennis Bubble, great restaurants & bars plus just a quick drive, or brisk walk to all the action in the downtown Birmingham district. Please note there is currently a small home and garage on the property.

Details

Property type

Single Family Residence

Est. home value

$427,153

Lot size

0.30 acres

Price per sq ft

$472

Year built

1952

Price History

09/10/2024
Realcomp

Realcomp #20240067654

Listed
$450,000
-9.82%
02/14/2024
Realcomp

Realcomp #20230091704

Removed
$499,000
10/26/2023
Realcomp

Realcomp #20230091704

Listed
$499,000
+91.92%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$179,119
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$234,881
Cash to seller
$179,119

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

Seller’s Loan History

Lender

Usaa Fsb

Loan start date

November 2019

Original loan amount

$259,609

Est. remaining balance

$234,881

Interest rate

3.65%

Loan type

VA, 30 year

Seller

Craig Ludwig

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: 09/17/2024 at 8:30 PM

Listing updated: 09/11/2024 at 6:11 AM

Listed by: Michael A Sbrocca, Max Broock, REALTORS®-Birmingham Phone #: (248) 644-6700

MLS: Realcomp #20240067654

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