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$425,000

Beds
4
Baths
2.5
sq ft
2,140

255 Round Tree Dr, Lake Orion, MI 48360

255 Round Tree Dr

Orion Twp, MI 48360

  • 60 days on market
    • Price drop $10,000↓
***Price Reduction*** Welcome to this spacious 4-bedroom, 2.5-bath home nestled on a desirable corner lot, offering a huge backyard perfect for outdoor enjoyment. Inside, you'll find wood floors throughout, enhancing the open concept family room complete with a cozy fireplace, land lots of natural lighting. The kitchen and dining area are complemented by new light fixtures adding warmth and style. The formal dining room adds elegance. The master suite is generously sized and includes an ensuite bath and vaulted ceilings. Additional features include a first-floor laundry, a walk-out basement with dedicated office space, and plenty of storage. Roof and HWT replaced in 2023. Sellers will entertain all offers!!!

Details

Property type

Single Family Residence

Est. home value

$416,098

Lot size

0.46 acres

Price per sq ft

$199

Year built

1994

Annual property taxes

$5,645

Monthly HOA fee

$16.67

Price History

12/03/2024
Realcomp

Realcomp #20240080397

Price change
$425,000
-2.3%
10/26/2024
Realcomp

Realcomp #20240080397

Price change
$435,000
-5.43%
10/23/2024
Realcomp

Realcomp #20240080397

Listed
$460,000
+67.27%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lake Orion

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

$190,816
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$200,184
Cash to seller
$190,816

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

December 2020

Original loan amount

$220,000

Est. remaining balance

$200,184

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Paul L Johnson and Kacinda Johnson

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: 12/23/2024 at 5:15 AM

Listing updated: 12/15/2024 at 3:30 PM

Listed by: Geri Anderson, Max Broock, REALTORS®-Bloomfield Hills Phone #: (248) 644-4700

MLS: Realcomp #20240080397

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