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$129,900

Beds
2
Baths
1.0
sq ft
1,100

286 E 13 Mile Rd Unit 101, Madison Heights, MI 48071

286 E 13 Mile Rd Unit 101

Madison Heights, MI 48071

  • 18 days on market
Spacious Remodeled 2 Bedroom Ground Floor Condo! CARPORT. Private Patio Backs to Trees. ALL BRAND NEW PREMIUM VINYL FLOORING throughout! Brand New Stainless Steel Refrigerator and Dishwasher (both Oct. 2024!), Electric Stove '2022. Great Room with Doorwall to Covered Patio. Large Ceramic Bath. Spacious Primary Bedroom with Walk-in Closet. LOW $225 Monthly Association fee includes WATER, Snow Removal, Lawn, Trash and Exterior maintenance. Freshly Painted! Shared Coin Laundry down the Hall. Furnace in Storage Closet (outside Front Entry Door) CENTRAL AIR. Large Parking Lot on side of Bldg. **TAXES are NOT Homestead Exempt. Taxes should decrease or stay the same if intending to occupy **Can be RENTED!

Details

Property type

Condominium

Est. home value

$138,494

Lot size

Unknown

Price per sq ft

$119

Year built

1986

Annual property taxes

$2,558

Monthly HOA fee

$225

Price History

10/17/2024
Realcomp

Realcomp #20240078927

Listed
$129,900
-3.78%
10/14/2024
Realcomp

Realcomp #20240051855

Removed
$135,000
09/12/2024
Realcomp

Realcomp #20240051855

Price change
$135,000
-2.88%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lamphere

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

$73,503
Asking price
$129,900
Closing costs (~8% of asking)
-$10,392
Est. remaining loan balance
-$46,005
Cash to seller
$73,503

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

November 2020

Original loan amount

$60,000

Est. remaining balance

$46,005

Interest rate

2.35%

Loan type

New Conventional, 15 year

Seller

Dongxiao Zhu and Jun Zhou

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: 11/05/2024 at 11:40 AM

Listing updated: 10/22/2024 at 4:10 PM

Listed by: Robert Agnello, RE/MAX First Phone #: (586) 792-8000

MLS: Realcomp #20240078927

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