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$375,000

Beds
4
Baths
2.0
sq ft
2,096

21545 Power Rd, Farmington Hills, MI 48336

21545 Power Rd

FarmingtonHillsCity_Oakland, MI 48336

  • Coming soon
If you've been looking for cozy country living in the city, look no further! This 4 Bed, 2 Bath almost 2100 sq ft Ranch style home is nestled on 1 1/2 acres, and yet just up the road from shopping, dining, and all of the events Downtown Farmington has to offer! The large kitchen is open into the oversized living room, making it perfect for entertaining. Get cozy on the cold evenings near the fire while watching your favorite movie, or get out back for a bonfire and relaxation during the warm summer nights. The garage is all set for your projects, with heat and electric available, and you can store your yard equipment in the attached shed. If you need something to do, head up the road for dinner and to check out the events in the park. All that this home is missing is you!

Details

Property type

Single Family Residence

Est. home value

$334,983

Lot size

1.50 acres

Price per sq ft

$179

Year built

1948

Annual property taxes

$4,674.01

Price History

04/20/2020
Realcomp

Realcomp #2200015764

Sold
$275,000
+4.96%
12/04/2017
Realcomp

Realcomp #217102191

Sold
$262,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High 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

$143,486
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$201,514
Cash to seller
$143,486

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

Seller’s Loan History

Lender

Michigan First Cu

Loan start date

April 2020

Original loan amount

$225,000

Est. remaining balance

$201,514

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Rachel Riedel and Charles Riedel

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: Coming Soon

Tomo last checked: 04/03/2025 at 4:15 AM

Listing updated: 04/02/2025 at 6:36 PM

Listed by: Jennifer Stewart, Fontaine Real Estate Group Phone #: (248) 654-8700

MLS: Realcomp #81025012779

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