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$550,000

Beds
5
Baths
3.5
sq ft
2,468

20823 Gill Rd, Farmington, MI 48335

20823 Gill Rd

Farmington Hills, MI 48335

  • Pending
    • Price drop $25,000↓
4100 total living square footage. Welcome to this beautiful and well-maintained 5-bedroom, 3.5-bathroom two-story home located on the serene Gill Rd. This home offers a perfect blend of comfort and convenience, ideal for families. The finished basement was previously utilized as a day care consequently making the basement the perfect place for infants, toddler or young kids to spend time during the long cold months in Michigan. In the summer the large yard due to the property being nearly half an acre offers the perfect blend for children and parents to enjoy the summer. Key Features: • Spacious living room with large windows offering plenty of natural light. • Modern kitchen with ample cabinet space and steel appliances. • Cozy dining area perfect for family meals. • Primary bedroom with en-suite bathroom for added privacy. • Three additional bedrooms with generous closet space and an additional bedroom in the basement. • A beautifully landscaped backyard, perfect for entertaining or relaxation. • Attached three-car garage with plenty of storage. Situated on a quiet street, this home is just minutes from major highways, shopping centers, and top-rated schools. You’ll love the friendly neighborhood and the convenience of being close to parks, restaurants, and all the amenities Farmington Hills has to offer. Don’t miss this opportunity! Schedule your showing today and make this house your home.

Details

Property type

Single Family Residence

Est. home value

$585,214

Lot size

0.50 acres

Price per sq ft

$223

Year built

2006

Annual property taxes

$10,309

Price History

12/03/2024
Realcomp

Realcomp #20240079411

Pending
$550,000
11/18/2024
Realcomp

Realcomp #20240079411

Price change
$550,000
-4.35%
10/20/2024
Realcomp

Realcomp #20240079411

Listed
$575,000
+49.35%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Farmington

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

$217,579
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$288,421
Cash to seller
$217,579

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

July 2021

Original loan amount

$360,000

Est. remaining balance

$288,421

Interest rate

2.27%

Loan type

New Conventional, 15 year

Seller

Samina Haq and Yasir Muhammad

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: 12/23/2024 at 7:45 PM

Listing updated: 12/20/2024 at 10:01 AM

Listed by: Yasir Muhammad, Prime Time Realty Phone #: (313) 598-3055

MLS: Realcomp #20240079411

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