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$110,000

Beds
1
Baths
1.0
sq ft
551

22409 Sherwood St, Farmington, MI 48336

22409 Sherwood St

Farmington, MI 48336

  • 46 days on market
    • Price drop $25,000↓
One bedroom brick ranch, close to Downtown, Shiawassee Park, shopping and 696. Walking distance to Farmington High school. Hardwood floors, Kitchen was countertop with bar seating. Window A/C. Gas fireplace in living room. 6 x 4 Foyer . All application to use Rent Spree.

Details

Property type

Single Family Residence

Est. home value

$107,249

Lot size

7,405 sq ft

Price per sq ft

$200

Year built

1920

Annual property taxes

$1,789

Price History

06/23/2024
Realcomp

Realcomp #20240032976

Price change
$110,000
-18.52%
05/15/2024
Realcomp

Realcomp #20240032976

Listed
$135,000

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

$56,152
Asking price
$110,000
Closing costs (~8% of asking)
-$8,800
Est. remaining loan balance
-$45,048
Cash to seller
$56,152

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

Seller’s Loan History

Lender

Group One Mortgage Corp

Loan start date

January 2006

Original loan amount

$73,978

Est. remaining balance

$45,048

Interest rate

6.28%

Loan type

FHA, 30 year

Seller

Lance V Sherman

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: 06/30/2024 at 10:40 PM

Listing updated: 06/23/2024 at 7:35 PM

Listed by: Edward J Matteson, Hartford Real Estate of Michigan Phone #: (248) 478-6000

MLS: Realcomp #20240032976

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