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$240,000

Beds
4
Baths
2.0
sq ft
1,225

2801 W Morrell St, Jackson, MI 49203

2801 W Morrell St

Summit Twp, MI 49203

  • Pending
~Welcome Home to 2801 W. Morrell~ This Summit Township Ranch Home features 3 Bedrooms (and another non-conforming bedroom in the partially finished basement) and 1 and a 1/2 baths (and an additional shower in the basement). Hardwood floors and a newly fenced in yard are just some of the great features in this home on a large corner lot. Water Heater (2022), Roof (2017), Furnace (2020), Fenced yard (2022), Refrigerator (2022)

Details

Property type

Single Family Residence

Est. home value

$230,443

Lot size

0.45 acres

Price per sq ft

$196

Year built

1956

Annual property taxes

$3,919.38

Price History

08/28/2024
Realcomp

Realcomp #55024043539

Pending
$240,000
08/20/2024
Realcomp

Realcomp #55024043539

Listed
$240,000
+14.29%
09/21/2022
Realcomp

Realcomp #55022027738

Sold
$210,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Jackson

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

$57,411
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$163,389
Cash to seller
$57,411

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

Seller’s Loan History

Lender

Mortgage 1 Inc

Loan start date

September 2022

Original loan amount

$168,000

Est. remaining balance

$163,389

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Michael G Yates

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: Pending/Under Contract

Tomo last checked: 09/13/2024 at 2:10 PM

Listing updated: 08/28/2024 at 10:03 AM

Listed by: SARAH HARMON, C-21 Affiliated - Jackson Phone #: (517) 888-0050

MLS: Realcomp #55024043539

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