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$435,000

Beds
3
Baths
2.5
sq ft
2,638

1876 Fair Oak Dr, Rochester Hills, MI 48309

1876 Fair Oak Dr

Rochester Hills, MI 48309

  • 45 days on market
    • Price drop $10,000↓
Looking for that large sprawling ranch home? Well here it is, located in highly desirable University Hills Subdivision - walking distance to parks, University Hills Elementary School & West MS, plus close to all Rochester and Rochester Hills has to offer. This unique home with large light filled rooms, is perfect for entertaining both inside and out. The updated kitchen leads into the heart of the home - the dining room, with multiple patio doors overlooking the center patio, & cozy gas fireplace! Beautiful 4 season room, really brings the outside in with all the patio doors, currently used as a study but could be a family room. The Bedroom wing has 3 spacious bedrooms, 2 full baths, the laundry room & another great flex room overlooking the 2nd patio. This room is currently used as a work out room, but could be a 4th bedroom by adding a closet. Don't let this wonderful home pass you by! All appliances are included offer a choice of electric oven & stove top, plus free standing gas range with vented hood, newer washer and dryer, HWH & recent repairs, porch columns, soffits wrapped to give maintenance free exterior. Also available for lease MLS # 20240078904

Details

Property type

Single Family Residence

Est. home value

$490,500

Lot size

0.34 acres

Price per sq ft

$165

Year built

1960

Annual property taxes

$5,555

Price History

11/11/2024
Realcomp

Realcomp #20240075535

Price change
$435,000
-2.25%
10/07/2024
Realcomp

Realcomp #20240075535

Listed
$445,000
+27.14%
07/02/2019
Realcomp

Realcomp #219044634

Sold
$350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Rochester

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

$136,821
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$263,379
Cash to seller
$136,821

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2021

Original loan amount

$287,000

Est. remaining balance

$263,379

Interest rate

2.79%

Loan type

New Conventional, 30 year

Seller

Harry S Vijayakumar and Mary Elizabeth Vijayakumar

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: 11/22/2024 at 4:40 AM

Listing updated: 11/11/2024 at 1:15 PM

Listed by: Pamela Owen, Keller Williams Paint Creek Phone #: (248) 609-8000

MLS: Realcomp #20240075535

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