tomo logo

$269,900

Beds
3
Baths
2.0
sq ft
1,400

227 1st St, Milan, MI 48160

227 1st St

Milan, MI 48160

  • 25 days on market
Amazing historic renovated home so close to downtown Milan and all that it has to offer. Laminate floors on the main level with open floor plan. Newer stainless steel appliances and lots of cabinets in kitchen. First floor laundry. 3 bedrooms up with surprisingly spacious closets. 2 full updated baths. Nice long backyard with shed and firepit. Very spacious, usable Michigan Basement with area for a workshop. Central heating and cooling, radon mitigation system in place. Downtown Milan is only a couple blocks away and offers amazing cute stores, restaurants, Coffee shop/cocktail bar with many events. Milan hosts a tons of events all year round like the Wine Walk, Friday Night Music every Friday June-Sept, 3rd Thursdays, and so so much more. Make this house your next home.

Details

Property type

Single Family Residence

Est. home value

$252,962

Lot size

4,356 sq ft

Price per sq ft

$193

Year built

1890

Annual property taxes

$3,335

Price History

11/27/2024
Realcomp

Realcomp #81024061155

Listed
$269,900
+51.63%
05/25/2018
Realcomp

Realcomp #57021427966

Sold
$178,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Milan

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

$91,816
Asking price
$269,900
Closing costs (~8% of asking)
-$21,592
Est. remaining loan balance
-$156,492
Cash to seller
$91,816

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

Seller’s Loan History

Lender

Fifth Third Mortgage Co

Loan start date

May 2018

Original loan amount

$178,000

Est. remaining balance

$156,492

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

Catherine E Perez

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?

Similar Homes Nearby

Realcomp
$299,000
3 bd
|
2 ba
|
1,620 sq ft
|
Manufactured

13685 Wanty Rd, Milan, MI 48160

Realcomp
$249,900
3 bd
|
1.5 ba
|
1,280 sq ft
|
House

210 Church St, Milan, MI 48160

Pending
Realcomp
$229,900
3 bd
|
1 ba
|
1,086 sq ft
|
House

187 Saint Louis St, Milan, MI 48160

Status: Active

Tomo last checked: 12/22/2024 at 9:10 PM

Listing updated: 12/03/2024 at 5:30 AM

Listed by: Jodie Franklin, Jodie Franklin Realty LLC Phone #: (734) 223-1310

MLS: Realcomp #81024061155

Realcomp logo

Recently listed in Milan

$191,000|2 bd|1.0 ba|Condo
$550,000|5 bd|3.5 ba|House
$249,900|3 bd|1.5 ba|House
$389,900|3 bd|2.0 ba|House
$230,000|2 bd|1.0 ba|House
$269,900|3 bd|2.0 ba|House
$224,900|3 bd|2.0 ba|House
$299,000|3 bd|2.0 ba|Manufactured
$419,900|3 bd|2.5 ba|House
$339,900|3 bd|2.0 ba|Manufactured