tomo logo

$559,900

Beds
4
Baths
2.5
sq ft
2,808

31996 Olde Franklin Dr, Farmington Hills, MI 48334

31996 Olde Franklin Dr

Farmington Hills, MI 48334

  • 10 days on market
Welcome to this stunningly updated 4-bedroom, 2.1-bath colonial home! The refreshed landscaping provides charming curb appeal. Every update in this home was completed in 2023. Highlights include stainless steel appliances, luxury vinyl plank flooring on the first floor, brand-new carpet on the second floor and stairs, and a convenient first-floor laundry. The interior has been freshly painted, featuring a spacious family room with a cozy new remote-controlled fireplace. Additional upgrades include a new AC and furnace, modern light fixtures throughout, and a newly poured concrete patio and walkway encircling the house. The home also boasts a new garage door, gutters, downspouts, an outdoor generator connection, and automated outdoor lighting with sensors for both the front and backyard. This home is move in ready and waiting for you. BBTVAI

Details

Property type

Single Family Residence

Est. home value

$425,008

Lot size

0.31 acres

Price per sq ft

$200

Year built

1966

Annual property taxes

$7,881

Monthly HOA fee

$27.08

Price History

11/12/2024
Realcomp

Realcomp #20240085561

Listed
$559,900
+47.34%
11/09/2022
Realcomp

Realcomp #20221036952

Sold
$380,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Farmington

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

$218,408
Asking price
$559,900
Closing costs (~8% of asking)
-$44,792
Est. remaining loan balance
-$296,700
Cash to seller
$218,408

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

Seller’s Loan History

Lender

Stockton Mortgage Corp

Loan start date

November 2022

Original loan amount

$304,000

Est. remaining balance

$296,700

Interest rate

6.29%

Loan type

New Conventional, 30 year

Seller

Mohammad Ibraheem and Ghasan Aljibouri

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

Realcomp
$499,000
4 bd
|
2.5 ba
|
3,406 sq ft
|
House

29632 Pond Ridge Rd, Farmington Hills, MI 48334

Realcomp
$479,900
4 bd
|
2 ba
|
1,988 sq ft
|
House

7142 Cathedral Dr, Bloomfield Hills, MI 48301

Realcomp
$550,000
4 bd
|
2 ba
|
1,888 sq ft
|
House

5731 Farmington Rd, West Bloomfield, MI 48322

Status: Active

Tomo last checked: 11/23/2024 at 12:30 AM

Listing updated: 11/15/2024 at 12:10 AM

Listed by: Salwan Jameel, St Jude Realty Phone #: (248) 680-9011

MLS: Realcomp #20240085561

Realcomp logo