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$329,900

Beds
3
Baths
2.0
sq ft
1,800

20501 Shady Lane Ave, Saint Clair Shores, MI 48080

20501 Shady Lane Ave

St. Clair Shores, MI 48080

  • 33 days on market
    • Price drop $19,100↓
Live like royalty in this landmark fairytale home known as 'The Castle on Shady Lane'. Appraised at $335,500. With three beds and two baths this home has been both remarkably preserved and updated. Downstairs are original hardwood floors going into two bedrooms. The main floor bath has been updated with granite and a brass swan faucet fitting the 1940’s era. The kitchen(with a gorgeous granite countertop) and walkthrough laundry room have new 12 x 24” tiled floors and lead to an artfully designed hardwood staircase going up to an eclectically styled bungalow. The stairs walk up to the third bedroom with a tranquil rainforest themed full bathroom. Look for the secret room(because every castle must have one!). The attached drive through garage makes access easy from the front to the back of the property. In the back of the house there is a heated Florida room with interchanging glass and screen windows for enjoyment throughout the year. As you go outside into the garden, be enticed by the old world, curving stone path that wraps around a 6 1/2 foot brick fire pit and then takes you under the arbor towards the bath house. The path is lined with lavish mature perennials that bloom throughout the late spring into the fall… A Horticulturist’s dream. Enter the bath house that has been remodeled and houses a salt water hot tub that is only 2 years old, and is sold with the property. It sits behind the French doors overlooking the yard, breathtaking in both the winter and summer months. The bath house is fully powered with heat, lights, fan and humidistat vent. Additionally, the bungalow is heated with a split system, which also cools off the entire home in the summer months. radiators on the first floor have been flushed out and serviced and are very efficient. House is sold with a two year old 2 in1 washer dryer combo but has hook ups for standard washer and dryer set ups. This beautiful home has maintained with care restoring many existing original details and is agent owned. Interior photos will be added soon!

Details

Property type

Single Family Residence

Est. home value

$183,172

Lot size

9,583 sq ft

Price per sq ft

$184

Year built

1940

Annual property taxes

$4,582

Price History

12/11/2024
Realcomp

Realcomp #20240087282

Price change
$329,900
-5.47%
11/19/2024
Realcomp

Realcomp #20240087282

Listed
$349,000
+132.67%
06/07/2022
Realcomp

Realcomp #2220035169

Sold
$150,000
+53.06%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

South Lake

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

$187,041
Asking price
$329,900
Closing costs (~8% of asking)
-$26,392
Est. remaining loan balance
-$116,467
Cash to seller
$187,041

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

Seller’s Loan History

Lender

Mortgage Center Llc

Loan start date

December 2022

Original loan amount

$119,000

Est. remaining balance

$116,467

Interest rate

6.94%

Loan type

New Conventional, 30 year

Seller

Randi Schmidt

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: 12/23/2024 at 5:20 AM

Listing updated: 12/18/2024 at 3:50 PM

Listed by: Erick Monzo, Keller Williams Realty-Great Lakes Phone #: (586) 541-4000

MLS: Realcomp #20240087282

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