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$200,000

Beds
3
Baths
2.0
sq ft
1,408

2694 Miller Rd, Riley, MI 48041

2694 Miller Rd

Riley Twp, MI 48041

  • 8 days on market
Here is your opportunity to own that country home with TONS of potential. This 3 bed, 2 full bath farm house offers 1925 sq ft, a large primary suite, and an extra room that can be used as an office or bedroom. Situated on a large lot (1.28 acres) and surrounded by farmland. You will have plenty of space to build that garage, recreation, and more. The basement is clean, dry, and has a sump pump. With some TLC, you have an opportunity to build some instant equity and make this house home.

Details

Property type

Single Family Residence

Est. home value

$187,083

Lot size

1.28 acres

Price per sq ft

$143

Year built

1945

Annual property taxes

$1,365

Price History

09/09/2024
Realcomp

Realcomp #20240067483

Listed
$200,000
-5.99%
09/27/2023
MiRealSource

MiRealSource #50112618

Sold
$212,750
+70.2%
11/08/2013
Realcomp

Realcomp #213053345

Sold
$125,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Capac

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

-$22,941
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$206,941
Cash to seller
-$22,941

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

September 2023

Original loan amount

$208,895

Est. remaining balance

$206,941

Interest rate

6.96%

Loan type

FHA, 30 year

Seller

Nathaniel Preston and Rhiannon Elizabeth Felker

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: Active

Tomo last checked: 09/18/2024 at 12:40 AM

Listing updated: 09/16/2024 at 8:51 AM

Listed by: Jonathan Francisco, Real Estate One-Sterling Heights Phone #: (586) 276-9800

MLS: Realcomp #20240067483

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