tomo logo

$360,000

Beds
3
Baths
3.0
sq ft
1,640

3114 Ferris Ave, Royal Oak, MI 48073

3114 Ferris Ave

Royal Oak, MI 48073

  • 1 day on market
    • Open house Oct 12
***OPEN HOUSE: Saturday, 10/12, 12N-2P & Sunday, 10/13, 12N-2P*** This beautifully updated three-bedroom, three-full bath bungalow in Royal Oak offers modern living on a charming, tree-lined street. The home features a newly renovated spacious master suite on the second floor with a full bath. Enjoy additional living space in the fully finished basement, perfect for a family room or home office. The outdoor area includes a deck and patio, ideal for entertaining, along with a convenient detached garage. This move-in ready home blends classic charm with modern updates, making it the perfect place to call home. It's a must see.

Details

Property type

Single Family Residence

Est. home value

$301,544

Lot size

6,098 sq ft

Price per sq ft

$220

Year built

1949

Annual property taxes

$4,694

Price History

10/10/2024
MiRealSource

MiRealSource #50157936

Listed
$360,000
+33.33%
02/22/2022
Realcomp

Realcomp #2220002055

Sold
$270,000
+25.58%
04/06/2018
Realcomp

Realcomp #218008884

Sold
$215,000
+13.21%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak Neighborhood Schools

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

$88,381
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$242,819
Cash to seller
$88,381

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

February 2022

Original loan amount

$256,500

Est. remaining balance

$242,819

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Elise Nalu

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?

Status: Active

Tomo last checked: 10/11/2024 at 7:15 PM

Listing updated: 10/11/2024 at 3:47 PM

Listed by: Christopher Griffin, Keller Williams Realty Lakeside Phone #: (586) 532-0500

MLS: MiRealSource #50157936

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