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$365,000

Beds
3
Baths
1.5
sq ft
1,569

1829 Sycamore Ave, Royal Oak, MI 48073

1829 Sycamore Ave

Royal Oak, MI 48073

  • Pending
    • Price drop $14,000↓
Welcome to this classic colonial in the heart of Royal Oak’s Northwood neighborhood, offering endless potential for its next owner! The home showcases a freshly painted exterior with a gated driveway, fenced yard, and 2.5-car garage with storage above. Just steps from Shrine and Northwood Elementary, and walkable restaurants along Woodward, this home is situated in the perfect location! Inside, you'll find a bright living room and family room with a natural fireplace. The updated kitchen features stainless steel appliances, granite countertops, and newer cabinets. With newly refinished hardwood floors and new carpeting throughout, an office off the living room and a convenient first-floor powder room, the home is both functional and full of charm! Upstairs, the spacious bedrooms include a primary with a balcony overlooking the large backyard with patio—perfect for your morning coffee. Two additional bedrooms and a full bath round out the second floor space. In addition, there’s a finished third-floor ideal for a kid’s playroom or extra storage! Go to the lower level to find an unfinished basement including a laundry area with washer & dryer as well as a large extra clean storage area. Brand new main water line down the street, new gas lines, as well as all new curbs, approaches and street to be completed by November.

Details

Property type

Single Family Residence

Est. home value

$438,474

Lot size

6,098 sq ft

Price per sq ft

$233

Year built

1917

Annual property taxes

$5,805

Price History

12/07/2024
Realcomp

Realcomp #20240079986

Pending
$365,000
12/02/2024
Realcomp

Realcomp #20240079986

Price change
$365,000
-3.69%
11/09/2024
Realcomp

Realcomp #20240079986

Price change
$379,000
-1.53%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$99,906
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$235,894
Cash to seller
$99,906

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

March 2020

Original loan amount

$270,900

Est. remaining balance

$235,894

Interest rate

3.51%

Loan type

Not Provided, 25 year

Seller

Jenna Lauren Binns and Jonathan Binns

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: 12/22/2024 at 10:25 AM

Listing updated: 12/20/2024 at 9:59 AM

Listed by: John Farhat, KW Metro Phone #: (248) 288-3500

MLS: Realcomp #20240079986

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