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$244,900

Beds
2
Baths
1.0
sq ft
920

235 University St, Ferndale, MI 48220

235 University St

Ferndale, MI 48220

  • 39 days on market
This charming two-bedroom, one-bath home is located in a sought-after neighborhood in Ferndale. It begins with a lovely covered front porch, the perfect spot to enjoy your morning coffee or unwind in the evening. The spacious living room with fireplace flows into the dining room, with built-in cabinets & counter, window seat, and large windows, allowing natural light to flood the space. The updated kitchen has stainless steel appliances and a fully renovated bath with a ceramic tile shower. It has updated hardware and lighting throughout. The real gem is the expansive backyard with a privacy fence—a rare find in today’s market! It's perfect for outdoor gatherings, gardening, or simply enjoying a quiet afternoon in the sun. The potential for landscaping and personalization is endless. This home is conveniently located near local amenities, parks, and schools. All appliances are included.

Details

Property type

Single Family Residence

Est. home value

$233,610

Lot size

6,534 sq ft

Price per sq ft

$267

Year built

1918

Annual property taxes

$6,154

Price History

11/24/2024
Realcomp

Realcomp #20240085752

Listed
$244,900
11/19/2024
Realcomp

Realcomp #20240085752

Pending
$244,900
11/13/2024
Realcomp

Realcomp #20240085752

Listed
$244,900
+28.96%

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

$51,231
Asking price
$244,900
Closing costs (~8% of asking)
-$19,592
Est. remaining loan balance
-$174,077
Cash to seller
$51,231

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

July 2022

Original loan amount

$180,405

Est. remaining balance

$174,077

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Sarah K Raich

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: 12/22/2024 at 8:20 PM

Listing updated: 11/24/2024 at 1:15 PM

Listed by: Yvonne M Zielinski, RE/MAX First Phone #: (586) 799-8000

MLS: Realcomp #20240085752

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