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$315,000

Beds
3
Baths
2.0
sq ft
1,690

25720 Southwood Dr, Southfield, MI 48075

25720 Southwood Dr

Southfield, MI 48075

  • 40 days on market
    • Price drop $15,000↓
Newly renovated home in a quiet community. Open concept ranch with a full basement.

Details

Property type

Single Family Residence

Est. home value

$308,404

Lot size

8,276 sq ft

Price per sq ft

$187

Year built

1965

Annual property taxes

$8,000

Price History

06/20/2024
Realcomp

Realcomp #81024026426

Price change
$315,000
-4.55%
05/27/2024
Realcomp

Realcomp #81024026426

Listed
$330,000
+110.71%
06/29/2016
Realcomp

Realcomp #216039113

Sold
$156,613

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Southfield Public Schools

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

$46,291
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$243,509
Cash to seller
$46,291

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

Seller’s Loan History

Lender

Home Point Financial Corporation

Loan start date

January 2022

Original loan amount

$256,500

Est. remaining balance

$243,509

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

David Wolfson and Sarah Silberman

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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|
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|
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|
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Status: Active

Tomo last checked: 07/07/2024 at 5:45 PM

Listing updated: 06/20/2024 at 6:13 PM

Listed by: Charles A Campbell, Phone #: (855) 456-4945

MLS: Realcomp #81024026426

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