tomo logo

$532,600

Beds
1
Baths
1.0
sq ft
807

315 2nd St Unit 505, Ann Arbor, MI 48103

315 2nd St Unit 505

Ann Arbor, MI 48103

  • 5 days on market
One of a kind location Downtown Ann Arbor on the Top Floor of Liberty Lofts! Spectacular Views of the City and walking access to all of what Ann Arbor has to offer. This large one Bedroom End unit Condo is above the Trees of the City with Large rows of North and West facing windows. Great restaurants, bars, coffee shops, libraries, live music, shopping and the city center right out your door. On Site there is a heated garage, fitness center, designated extra locked storage, bike area, a mail center with package drop-off space. secure entrances, and an elevator. This is a Top Floor unit so private with no ceiling noise, fully updated with wood floors, stainless steel appliances, granite and an open floor plan. Opens to a large west facing balcony with panoramic views of the Trees and Cit

Details

Property type

Condominium

Est. home value

$498,294

Lot size

Unknown

Price per sq ft

$660

Year built

2005

Annual property taxes

$12,249.85

Monthly HOA fee

$550

Price History

11/08/2024
Realcomp

Realcomp #81024058600

Listed
$532,600
+21.74%
07/08/2016
Realcomp

Realcomp #543239449

Sold
$437,500

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

$221,097
Asking price
$532,600
Closing costs (~8% of asking)
-$42,608
Est. remaining loan balance
-$268,895
Cash to seller
$221,097

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

July 2016

Original loan amount

$328,125

Est. remaining balance

$268,895

Interest rate

3.58%

Loan type

New Conventional, 30 year

Seller

Stanley Kent

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: 11/13/2024 at 10:50 PM

Listing updated: 11/09/2024 at 1:20 PM

Listed by: John Ramirez, Real Estate One Phone #: (734) 662-8600

MLS: Realcomp #81024058600

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