tomo logo

$175,000

Beds
2
Baths
1.0
sq ft
693

1625 University St, Ferndale, MI 48220

1625 University St

Ferndale, MI 48220

  • 18 days on market
Neat and fresh. Just right for a starter home. Convenient to parks, freeway, shopping and dining. AGENT ANXIOUS

Details

Property type

Single Family Residence

Est. home value

$159,637

Lot size

4,792 sq ft

Price per sq ft

$253

Year built

1952

Annual property taxes

$2,160

Price History

12/03/2024
Realcomp

Realcomp #20240090025

Listed
$175,000
+119.02%
09/29/2017
Realcomp

Realcomp #217076619

Sold
$79,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Hazel Park

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

$106,365
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$54,635
Cash to seller
$106,365

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

Seller’s Loan History

Lender

Main Street Bank

Loan start date

September 2017

Original loan amount

$63,920

Est. remaining balance

$54,635

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Jessica B Sternberg

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: 12/22/2024 at 4:25 PM

Listing updated: 12/13/2024 at 6:05 AM

Listed by: Henry C Busch, Sell Smart/Kimble-Busch Phone #: (248) 398-3800

MLS: Realcomp #20240090025

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