tomo logo

$975,000

Beds
4
Baths
3.5
sq ft
4,014

24642 Riverwood Dr, Franklin, MI 48025

24642 Riverwood Dr

FranklinVillage_Oakland, MI 48025

  • Pending
MULTIPLE OFFERS RECEIVED ** PLEASE SEND YOUR BEST OFFER ** DEADLINE Wednesday April 2nd @ 10:00 AM ** Mid-Century Modern Rouge Riverfront Retreat in the charming Village of Franklin! Stunning, custom-renovated, open-concept, Mid-Century Modern Home. Top-rated Birmingham Schools! Beautiful blend of timeless design & modern luxury, featuring over 3, 000 SqFt, 4 Bedrooms & 3.1 Baths. Nestled on .87 Acres and approx. 200 feet of tranquil Rouge River Frontage, this smartly designed home effortlessly connects indoor & outdoor living & entertaining. Expansive Windows & 8 Skylights flood home in natural light, Hardwood Flooring & striking mid-century modern architectural elements, spectacular views of lush grounds, Built-In Pool & peaceful River. Heart of the home is the large Gourmet Kitchen, a chef's dream featuring thoughtfully designed Wood Beam Vaulted Ceilings, Custom Cabinetry, Quartz Countertops, high-end Stainless-Steel Appliances, and generous Island-perfect for both casual gatherings & elegant entertaining. Two beautiful Fireplaces create warm, inviting spaces in both Living & Family rooms. Cozy Family Room, Walkout Door Wall , 2nd Patio. Bonus Media Room offers additional relaxation & entertainment options, giving you versatility & flex space to transform into a Home Theater, Game Room, or perhaps your own In-Home Gym. Ample storage throughout ensures easy organization. The re-designed Primary Suite offers a relaxing 513 SqFt retreat w/ luxurious En-Suite Bathroom & ample closet space. Additional 3 Bedrooms are generously sized, offering comfort & privacy. Host amazing summertime soirées! Large Patio & Deck complete w/ Dining area, built-in Swimming Pool & Hot Tub create a Resort-Style Backyard Oasis! Private Fenced yard w/ abundant space for outdoor activities & enjoyment of the serene Riverfront. 12x12 Storage Shed & 2 Car Attached Garage. TURN-KEY!! Don’t miss the opportunity to own this rare mid-century modern gem, idyllically located in one of Metro Detroit’s most coveted Communities!

Details

Property type

Single Family Residence

Est. home value

$812,717

Lot size

0.87 acres

Price per sq ft

$243

Year built

1964

Annual property taxes

$8,121

HOA

No

Price History

04/06/2025
Realcomp

Realcomp #20250017349

Pending
$975,000
03/27/2025
Realcomp

Realcomp #20250017349

Removed
$975,000
03/25/2025
Realcomp

Realcomp #20250017349

Listed
$975,000
+78.9%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Birmingham

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

$548,031
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$348,969
Cash to seller
$548,031

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

Seller’s Loan History

Lender

Comerica Bank

Loan start date

August 2020

Original loan amount

$388,000

Est. remaining balance

$348,969

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Shaun Monette and Ann Marie Monette

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?

Status: Pending/Under Contract

Tomo last checked: 04/10/2025 at 6:40 AM

Listing updated: 04/06/2025 at 11:31 AM

Listed by: Geri Brown, Berkshire Hathaway HomeServices Kee Realty Phone #: (248) 651-1200

MLS: Realcomp #20250017349

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