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$275,000

Beds
2
Baths
1.0
sq ft
1,153

311 Madison St, Chelsea, MI 48118

311 Madison St

Chelsea, MI 48118

  • 41 days on market
    • Price drop $15,000↓
Beautiful ranch on corner lot in highly sought after downtown Chelsea. Spacious living room, eat-in kitchen w/ ample storage & conveniently located just minutes from all of the great shopping/dining that Chelsea has to offer. All the expensive updates have been recently completed such as newer roof, new HWH, furnace & ext paint in 2023. It is well maintained & is ready to move in & enjoy. There is a large 2 car detached garage, 3 season enclosed porch on the front as well as a deck on the rear off the mud room to entertain friends or relax & enjoy a quiet evening sitting outside. With it's convenient location to I-94, shopping & the Waterloo State Rec area close by, this home is perfect for someone downsizing, a 1st time buyer or an investor looking for a quality rental at a great price!

Details

Property type

Single Family Residence

Est. home value

$272,776

Lot size

0.23 acres

Price per sq ft

$239

Year built

1920

Annual property taxes

$4,319.18

Price History

08/28/2024
Realcomp

Realcomp #81024040170

Price change
$275,000
-5.17%
08/28/2024
Realcomp

Realcomp #81024040170

Pending
$290,000
08/02/2024
Realcomp

Realcomp #81024040170

Listed
$290,000
+107.89%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Chelsea

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

University Of Michigan Cu

Loan start date

November 2022

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

4.93%

Loan type

Credit Line (Revolving)

Seller

Scott Howard

Lender

Nationstar Mortgage Llc

Loan start date

December 2021

Original loan amount

$148,200

Est. remaining balance

$139,586

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Scott Howard

Lender

Pacific Union Financial Llc

Loan start date

February 2016

Original loan amount

$136,972

Est. remaining balance

Not provided

Interest rate

2%

Loan type

Not Provided, 30 year

Seller

Scott Howard

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: 09/12/2024 at 8:40 PM

Listing updated: 09/01/2024 at 4:21 PM

Listed by: Travis Otto, Phone #: (734) 316-5886

MLS: Realcomp #81024040170

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