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$229,900

Beds
2
Baths
1.0
sq ft
1,000

2101 E 11 Mile Rd, Royal Oak, MI 48067

2101 E 11 Mile Rd

Royal Oak, MI 48067

  • 46 days on market
    • Price drop $5,000↓
Welcome home to your large corner lot ranch in the heart of thriving Royal Oak. Immediate access to 75 / 696 highways, walkable / biking distance to downtown Royal Oak, less than 15 minutes to Ford Field/Little Caesars Arena/Comerica Park, coffee shop across the street, and quiet well maintained side-streets for long relaxing walks, this home is a perfect investment to start your home owning journey. Sizable bedrooms with spacious closets, including one large walk-in with natural light, clean and classically updated bathroom, beautiful hardwood floors throughout, enclosed sunroom as an entryway, full basement waiting to be finished to double the livable square footage, private fenced in backyard ready to be turned into your own personal oasis, and new AC in 2022; this home is just waiting for your own touches and vision. Side-street access to home and garage/driveway makes this large corner lot ideal. Speaking of the two car garage, take advantage of its extra deep depth, new garage door opener, as well as 220V electrical and natural gas line, perfect for any workshop. Become a Royal Oak homeowner for under $250K, and with a little work and style, have the ability to sell one day for a huge profit. Welcome home!

Details

Property type

Single Family Residence

Est. home value

$260,874

Lot size

7,405 sq ft

Price per sq ft

$230

Year built

1930

Annual property taxes

$3,463

Price History

11/13/2024
Realcomp

Realcomp #20240075455

Price change
$229,900
-2.13%
11/07/2024
Realcomp

Realcomp #20240075455

Price change
$234,900
-2.08%
10/24/2024
Realcomp

Realcomp #20240075455

Price change
$239,900
-4%

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

$34,750
Asking price
$229,900
Closing costs (~8% of asking)
-$18,392
Est. remaining loan balance
-$176,758
Cash to seller
$34,750

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

October 2020

Original loan amount

$194,300

Est. remaining balance

$176,758

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Joshua Noble

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 3:15 AM

Listing updated: 11/13/2024 at 8:35 PM

Listed by: David Ciha, EXP Realty LLC Phone #: (888) 501-7085

MLS: Realcomp #20240075455

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