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$399,900

Beds
3
Baths
2.0
sq ft
2,216

25390 Wixom Rd, Novi, MI 48374

25390 Wixom Rd

Novi, MI 48374

  • 78 days on market
    • Price drop $20,000↓
Welcome to 25390 Wixom Rd, an exceptional home in a fabulous location. This home is currently set up as a group home, but could easily be converted back- the garage is being used as living space. Currently, there are 5 bedrooms, 2 baths, a light-filled kitchen and breakfast nook that’s open to the family room with vaulted ceilings, built-ins, and a great fireplace. Outside, you’ll love the mature trees all around and the park that buts up to the property featuring running trails and more. The roof, furnace, water softener, and flooring is newer, leaving nothing to do but move in. Don’t wait on this one, it’s a great opportunity!

Details

Property type

Single Family Residence

Est. home value

$426,376

Lot size

0.57 acres

Price per sq ft

$181

Year built

1987

Annual property taxes

$9,378

Monthly HOA fee

$23.33

Price History

11/18/2024
Realcomp

Realcomp #20240066375

Price change
$399,900
-4.76%
11/06/2024
Realcomp

Realcomp #20240066375

Price change
$419,900
-6.67%
10/18/2024
Realcomp

Realcomp #20240066375

Price change
$449,900
-5.28%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Novi

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

$223,905
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$144,003
Cash to seller
$223,905

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

Seller’s Loan History

Lender

Ross Mortgage Corp

Loan start date

May 2013

Original loan amount

$196,377

Est. remaining balance

$144,003

Interest rate

3.43%

Loan type

FHA, 30 year

Seller

Tyrone Rashid

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: 11/23/2024 at 2:25 AM

Listing updated: 11/18/2024 at 9:55 AM

Listed by: Andy Hargreaves, Prime + Property Phone #: (734) 548-9418

MLS: Realcomp #20240066375

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