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$295,000

Beds
3
Baths
1.0
sq ft
1,456

218 Kensington Ave, Ferndale, MI 48220

218 Kensington Ave

Ferndale, MI 48220

  • 33 days on market
This charming Ferndale ranch features a spacious and unique open floor plan filled with natural light. The heart of the home is a large central kitchen with a center island, stainless steel appliances, and plenty of cabinet space. Enjoy relaxing in the updated living and family rooms, both accented with beautiful wainscoting and crown molding. Two cozy bedrooms share a full bath with convenient dual entry. The primary bedroom offers a private retreat with convenient entry level laundry hook-up located in the additional primary bedroom closet, walk-in closets, and direct access to the backyard. Step outside to the serene, private backyard featuring an enclosed porch, a wood deck perfect for entertaining, and a detached two-car garage. Welcome Home!

Details

Property type

Single Family Residence

Lot size

3,049 sq ft

Price per sq ft

$203

Year built

1924

Annual property taxes

$261

Price History

10/03/2024
Realcomp

Realcomp #20240074695

Listed
$295,000
+192.08%
11/06/2013
Realcomp

Realcomp #213101465

Sold
$101,000

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

$157,878
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$113,522
Cash to seller
$157,878

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2021

Original loan amount

$140,000

Est. remaining balance

$113,522

Interest rate

2.24%

Loan type

Not Provided, 15 year

Seller

Jason Lynn and Nada Lynn

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: 11/05/2024 at 10:10 PM

Listing updated: 10/29/2024 at 2:00 PM

Listed by: Jim Shaffer, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240074695

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