tomo logo

$295,000

Beds
3
Baths
2.0
sq ft
1,208

23110 Norwood St, Oak Park, MI 48237

23110 Norwood St

Oak Park, MI 48237

  • 9 days on market
Welcome to this charming bungalow located in the desirable Oak Park area, served by the reputable Ferndale Schools. Step inside to a spacious living room, perfect for relaxing or entertaining guests. The formal dining room offers a wonderful space for family meals and gatherings. The kitchen is well-equipped with all appliances, beautiful granite countertops, and solid wood cabinets, making meal preparation a joy. This home features two comfortable bedrooms on the main level, providing ample space for family or guests. The large family room stands out with its exposed ceiling beams and custom light fixtures, creating a warm and inviting atmosphere. The partially finished basement includes a full bath, adding convenience and functionality to the home. Outside, you'll find a large fenced backyard, ideal for outdoor activities and enjoying sunny days. This bungalow blends comfort and style, making it a perfect place to call home.

Details

Property type

Single Family Residence

Est. home value

$297,962

Lot size

7,405 sq ft

Price per sq ft

$245

Year built

1950

Annual property taxes

$7,822

Price History

06/25/2024
Realcomp

Realcomp #20240045260

Listed
$295,000
+3.51%
05/10/2022
MiRealSource

MiRealSource #50069935

Sold
$285,000

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

$59,083
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$212,317
Cash to seller
$59,083

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2022

Original loan amount

$220,000

Est. remaining balance

$212,317

Interest rate

4.42%

Loan type

New Conventional, 30 year

Seller

William B Chung and Karin K Chung

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: 07/04/2024 at 11:35 PM

Listing updated: 07/02/2024 at 10:33 AM

Listed by: Kelly McRee, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240045260

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