tomo logo

$475,000

Beds
2
Baths
2.0
sq ft
1,488

211 E 9 Mile Rd Unit 307, Ferndale, MI 48220

211 E 9 Mile Rd Unit 307

Ferndale, MI 48220

  • 2 days on market
    • Open house Sep 22
Luxury meets vibrance in this beautiful 2 story penthouse loft in Ferndale! This spacious 2 story loft features expansive 22-foot ceilings that allow for an abundance of natural light giving this home a warm feeling. The open modern floor plan combines a great space to entertain and for modern living, it flows seamlessly to the outdoor southern facing porch. A great space to enjoy your morning coffee or favorite beverage while people watching. A bathroom and full bath round out the first floor. Moving upstairs you'll find the large master suite with master bath and walk-in closet. A secured and gated parking spot and interior access are included in this penthouse. All conveniently located in the heart of Ferndale and the Woodward corridor, these units don't come available often and this one is priced to sell! Check the comps because this one will go fast.. More pictures coming soon and showings start Thursday 9/19

Details

Property type

Condominium

Est. home value

$444,695

Lot size

Unknown

Price per sq ft

$320

Year built

2008

Annual property taxes

$9,873

Monthly HOA fee

$336

Price History

09/16/2024
Realcomp

Realcomp #20240069615

Listed
$475,000
+35.71%
06/02/2017
Realcomp

Realcomp #217020212

Sold
$350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ferndale

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

$159,856
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$277,144
Cash to seller
$159,856

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

April 2021

Original loan amount

$300,000

Est. remaining balance

$277,144

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Damien Kavanaugh and Damien L Kavanaugh

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?

Status: Active

Tomo last checked: 09/19/2024 at 2:50 PM

Listing updated: 09/19/2024 at 9:51 AM

Listed by: James D Wellington, RE/MAX First Phone #: (586) 781-2900

MLS: Realcomp #20240069615

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