tomo logo

$220,000

Beds
2
Baths
1.0
sq ft
775

3162 Warick Rd, Royal Oak, MI 48073

3162 Warick Rd

Royal Oak, MI 48073

  • 1 day on market
    • Open house Nov 10
**OPEN HOUSE SUNDAY, NOVEMBER 10TH, FROM 11AM-3PM**Welcome to this updated ranch in sought-after Royal Oak! Step onto the inviting covered porch and enter a bright, open living room that seamlessly flows into a cozy dining nook, creating an ideal space for both relaxation and entertaining. This home features two spacious bedrooms, each filled with natural light, and a large laundry room equipped with a sink and abundant cabinet storage for added convenience. Outside, enjoy a fenced backyard with a patio—perfect for gatherings—and a 1.5-car detached garage providing extra storage or workshop space.

Details

Property type

Single Family Residence

Est. home value

$234,875

Lot size

7,405 sq ft

Price per sq ft

$284

Year built

1949

Annual property taxes

$3,651

Price History

11/08/2024
MiRealSource

MiRealSource #50160613

Listed
$220,000
+46.67%
09/30/2019
Realcomp

Realcomp #219092068

Sold
$150,000

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

$93,490
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$108,910
Cash to seller
$93,490

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

May 2020

Original loan amount

$120,000

Est. remaining balance

$108,910

Interest rate

3.33%

Loan type

Not Provided, 30 year

Seller

Matthew Andrew Pellerito and Joseph Pellerito

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: 11/08/2024 at 8:40 PM

Listing updated: 11/08/2024 at 4:10 PM

Listed by: Matthew Pellerito, Realteam Real Estate Phone #: (586) 580-8092

MLS: MiRealSource #50160613

MiRealSource logo

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