tomo logo

$255,000

Beds
3
Baths
2.0
sq ft
1,000

3093 Lorraine St, Ann Arbor, MI 48108

3093 Lorraine St

Ann Arbor, MI 48108

  • 18 days on market
    • Price drop $14,000↓
Welcome to this cozy 3 bed, 2 bath ranch sitting on a large corner lot. Upon entering through enclosed front porch, an inviting living room with hardwood floor, tunnel light, wood fireplace, and built-in shelves. Kitchen includes oven, refrigerator, microwave, and lots of cupboard space. Main bedroom has 2 closets and spacious bathroom. One bedroom is being used as an office/laundry room, with a full size stackable washer/dryer in closet. Rear door leads to large deck and expansive fenced yard with storage shed. Updates include: fresh paint throughout/kitchen floor~2024, deck/fence~2021, furnace/AC/water heater, encapsulated crawlspace~2020. Sought after location! Close drive to shopping, parks, expressways. Walking distance to Mitchell Elementary School and Scarlett Middle School.

Details

Property type

Single Family Residence

Est. home value

$244,009

Lot size

0.27 acres

Price per sq ft

$255

Year built

1927

Annual property taxes

$4,773

Price History

09/16/2024
Realcomp

Realcomp #81024045606

Price change
$255,000
-5.2%
09/08/2024
Realcomp

Realcomp #81024045606

Price change
$269,000
-2.18%
08/30/2024
Realcomp

Realcomp #81024045606

Listed
$275,000
+41.03%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

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

$62,099
Asking price
$255,000
Closing costs (~8% of asking)
-$20,400
Est. remaining loan balance
-$172,501
Cash to seller
$62,099

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

Seller’s Loan History

Lender

Advisors Capital Inc

Loan start date

July 2020

Original loan amount

$189,150

Est. remaining balance

$172,501

Interest rate

3.24%

Loan type

New Conventional, 30 year

Seller

Mary Leopold

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?

Similar Homes Nearby

Pending
Realcomp
$299,900
3 bd
|
2.5 ba
|
1,297 sq ft
|
House

505 Maulbetsch St, Ypsilanti, MI 48197

Price drop
Realcomp
$259,900
3 bd
|
1 ba
|
864 sq ft
|
House

2148 Champagne Dr, Ann Arbor, MI 48108

Price drop
Realcomp
$299,999
3 bd
|
3 ba
|
1,253 sq ft
|
House

221 Wilson St, Ypsilanti, MI 48197

Status: Active

Tomo last checked: 09/17/2024 at 11:10 PM

Listing updated: 09/16/2024 at 10:51 AM

Listed by: Michelle St. Cyr, Phone #: (734) 459-4700

MLS: Realcomp #81024045606

Realcomp logo

Recently listed in Ann Arbor

$625,000|4 bd|3.0 ba|Condo
$355,000|3 bd|2.0 ba|House
$259,900|2 bd|1.0 ba|Condo
$469,900|3 bd|2.0 ba|House
$660,000|4 bd|3.0 ba|House
$295,000|3 bd|2.0 ba|Condo
$775,000|4 bd|3.5 ba|House
$729,900|4 bd|3.5 ba|House
$270,000|2 bd|1.5 ba|Condo