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$310,000

Beds
4
Baths
2.5
sq ft
1,717

16206 Fairfax St, Southfield, MI 48075

16206 Fairfax St

Southfield, MI 48075

  • 5 days on market
Charming 4-Bedroom Home in Desirable Southfield Neighborhood!Welcome to your new home, featuring fresh carpet and vinyl flooring throughout. The first-floor boasts a cozy family room and a spacious eat-in kitchen. Upstairs, you'll find four generously-sized bedrooms with ample closet space. Lower level, which also includes a finished area perfect for a playroom and additional storage, and wet bar. The property comes with a 2-car attached garage and appliances. This is great to get a buyer started put. Conveniently located close to all amenities, this home is priced to sell quickly. Don't miss this opportunity to make equity work for you.

Details

Property type

Single Family Residence

Est. home value

$292,753

Lot size

7,841 sq ft

Price per sq ft

$181

Year built

1967

Annual property taxes

$3,621

Price History

01/16/2025
Realcomp

Realcomp #81025001967

Listed
$310,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Southfield Public Schools

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

$124,640
Asking price
$310,000
Closing costs (~8% of asking)
-$24,800
Est. remaining loan balance
-$160,560
Cash to seller
$124,640

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

Seller’s Loan History

Lender

Investor Mortgage Finance Llc

Loan start date

April 2022

Original loan amount

$169,400

Est. remaining balance

$160,560

Interest rate

3.76%

Loan type

New Conventional, 30 year

Seller

06 Fairfax Southfield Llc

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?

Status: Active

Tomo last checked: 01/21/2025 at 8:15 PM

Listing updated: 01/20/2025 at 10:34 AM

Listed by: Karen Greenwood, Coldwell Banker Professionals Phone #: (248) 644-6300

MLS: Realcomp #81025001967

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