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$135,000

Beds
2
Baths
1.0
sq ft
1,093

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

286 E 13 Mile Rd Unit 101

Madison Heights, MI 48071

  • 77 days on market
    • Price drop $4,000↓
Welcome to this exceptional 2-bedroom ground floor end unit condo in Madison Heights. Recently updated with brand-new waterproof vinyl plank flooring throughout, this home features a new stainless-steel refrigerator and newer electric stove. The primary bedroom is spacious with a walk-in closet, and the large living room opens to a covered patio with southern exposure, flooding the space with natural light. Enjoy central air & heating. The low monthly association fee covers water, snow removal, lawn care, trash, and exterior maintenance. Convenient shared coin laundry is located down the hall. Taxes are currently not homestead exempt but can be reduced if occupied. This unit is rentable and ideally situated within walking distance to town amenities, including shopping, parks, restaurants, medical facilities, and banking, with easy access to highways. Includes a covered carport. A must-see!

Details

Property type

Condominium

Est. home value

$138,494

Lot size

Unknown

Price per sq ft

$124

Year built

1986

Annual property taxes

$2,464

Monthly HOA fee

$225

Price History

09/12/2024
Realcomp

Realcomp #20240051855

Price change
$135,000
-2.88%
08/26/2024
Realcomp

Realcomp #20240051855

Pending
$139,000
08/07/2024
Realcomp

Realcomp #20240051855

Price change
$139,000
-6.71%

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

$77,585
Asking price
$135,000
Closing costs (~8% of asking)
-$10,800
Est. remaining loan balance
-$46,615
Cash to seller
$77,585

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

$46,615

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: 10/03/2024 at 5:35 PM

Listing updated: 09/12/2024 at 9:01 AM

Listed by: Ye Hong Zhu, LT International Realty Phone #: (248) 707-1234

MLS: Realcomp #20240051855

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