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$405,000

Beds
3
Baths
2.0
sq ft
1,424

28470 Shadylane Dr, Farmington Hills, MI 48336

28470 Shadylane Dr

Farmington Hills, MI 48336

  • 59 days on market
    • Price drop $5,000↓
Discover this totally renovated, one-of-a-kind mid-century modern ranch, nestled among towering trees on a serene dead-end street, offering a slice of up-north living on nearly an acre. With all permits pulled, work to code, and inspections complete, almost everything here is new. Enjoy peace of mind with an updated electrical system (wiring, plugs, switches, LED lighting, 200 amp service, and electrical panels), modern plumbing (Rinnai tankless heater, PVC waste lines, PEX water lines, fixtures, and underground), and a state-of-the-art HVAC system (new ductwork, Carrier 96% furnace, and AC). Superior insulation (R38 ceilings, R15 walls, R13 basement) ensures year-round comfort. The reimagined floorplan includes new Andersen windows in the living room, providing picturesque views of the private backyard with a pond. The primary bedroom suite boasts a new bathroom and a walk-in closet with custom built-ins. The brand-new off-white kitchen features stunning quartz countertops with peninsula seating, a vented range hood, and GE stainless steel appliances. The finished basement, complete with a new egress window, offers additional space perfect for living or working from home. This home also features all new interior and exterior doors, moldings, trim, flooring, carpet, and so much more. Don't miss this unique opportunity!

Details

Property type

Single Family Residence

Est. home value

$398,998

Lot size

0.89 acres

Price per sq ft

$285

Year built

1955

Annual property taxes

$5,901

Monthly HOA fee

$2.67

Price History

08/13/2024
Realcomp

Realcomp #20240053008

Price change
$405,000
-1.22%
07/22/2024
Realcomp

Realcomp #20240053008

Listed
$410,000
+2.5%
08/25/2023
Realcomp

Realcomp #20230062901

Sold
$400,000
+220%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Farmington

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

-$3,396
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$375,996
Cash to seller
-$3,396

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

August 2023

Original loan amount

$380,000

Est. remaining balance

$375,996

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Nicholas Muggio

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: 09/19/2024 at 3:15 PM

Listing updated: 08/23/2024 at 3:53 PM

Listed by: Anthony Djon, Anthony Djon Luxury Real Estate Phone #: (248) 747-4834

MLS: Realcomp #20240053008

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