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$349,900

Beds
2
Baths
2.0
sq ft
1,300

3420 Fairmont Rd, Royal Oak, MI 48073

3420 Fairmont Rd

Royal Oak, MI 48073

  • 38 days on market
    • Price drop $40,000↓
PRICE IMPROVEMENT! PRICED TO SELL! -Newly renovated in 2023 (interior and exterior). -All new appliances and mechanicals (2023). -2 car detached garage. -2 bedrooms, 2 full bathrooms. -House can come fully furnished (included in purchase price). -Over 9500 sf (almost quarter acre) Extra-wide Lot! Zoned Multi-Family with the potential to build additional unit. -Close proximity to Beaumont/Corewell Hospital, Downtown Royal Oak, Downtown Birmingham, beautiful parks, restaurants and shopping! SCHEDULE YOUR TOUR TODAY!

Details

Property type

Single Family Residence

Est. home value

$329,681

Lot size

9,583 sq ft

Price per sq ft

$270

Year built

1927

Annual property taxes

$7,993

Price History

02/05/2025
Realcomp

Realcomp #20250003565

Price change
$349,900
-10.26%
01/16/2025
Realcomp

Realcomp #20250003565

Listed
$389,900
-2.53%
12/06/2024
Realcomp

Realcomp #20240051608

Removed
$400,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

Metro Finance

Loan start date

March 2009

Original loan amount

$107,475

Est. remaining balance

$70,323

Interest rate

5.12%

Loan type

FHA, 30 year

Seller

Linda C Knight and Henry L Knight

Lender

Metro Finance

Loan start date

March 2008

Original loan amount

$106,629

Est. remaining balance

$68,561

Interest rate

5.67%

Loan type

FHA, 30 year

Seller

Linda C Knight and Henry L Knight

Lender

Metro Finance

Loan start date

April 2005

Original loan amount

$108,200

Est. remaining balance

$58,010

Interest rate

5.69%

Loan type

FHA, 30 year

Seller

Henry L Knight and Linda C Knight

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: 02/23/2025 at 11:05 AM

Listing updated: 02/05/2025 at 4:34 PM

Listed by: Amit Hingorani, Real Estate One-W Blmfld Phone #: (248) 851-4100

MLS: Realcomp #20250003565

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