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$194,900

Beds
3
Baths
2.0
sq ft
2,020

305 Michigan St, Reading, MI 49274

305 Michigan St

Reading, MI 49274

  • 9 days on market
Welcome home to this charming traditional two-story residence featuring 3 bedrooms and 2 full baths. Recently remodeled in 2022, this home boasts several updates, including a metal roof, new electrical and plumbing systems, HVAC, flooring, and windows. With appliances that are less than 3 years old, you can simply unpack and settle in.The property also features a bay window and surprises you with its spacious layout. Located on a beautiful corner lot in town, everything you need, including schools, dining, and shopping, is within walking distance.Please note that this company makes no warranties or representations regarding the accuracy of the information provided. It is the responsibility of interested parties to verify the accuracy of this data.

Details

Property type

Single Family Residence

Est. home value

$194,032

Lot size

0.25 acres

Price per sq ft

$97

Year built

1900

Annual property taxes

$2,322.1

Price History

01/05/2025
Realcomp

Realcomp #53025000453

Listed
$194,900
+4.22%
09/08/2022
Realcomp

Realcomp #53022027516

Sold
$187,000
+938.89%
09/01/2020
Realcomp

Realcomp #53019054349

Sold
$18,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Reading

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

$34,554
Asking price
$194,900
Closing costs (~8% of asking)
-$15,592
Est. remaining loan balance
-$144,754
Cash to seller
$34,554

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

Seller’s Loan History

Lender

Ruoff Mortgage Company Inc

Loan start date

September 2022

Original loan amount

$149,600

Est. remaining balance

$144,754

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Jack L Merckle Iii and Paige Merckle

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: 01/14/2025 at 8:15 PM

Listing updated: 01/14/2025 at 1:25 PM

Listed by: Carolyn Scholfield, Playford Real Estate Phone #: (517) 849-7622

MLS: Realcomp #53025000453

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