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$339,000

Beds
3
Baths
1.0
sq ft
1,302

3425 Normandy Rd, Royal Oak, MI 48073

3425 Normandy Rd

Royal Oak, MI 48073

  • 17 days on market
    • Price drop $20,000↓
This charming and fully updated bungalow boasts stunning hardwood floors and fresh paint throughout. The spacious kitchen, filled with natural light, features a tile backsplash and stainless steel appliances. The bathroom offers ceramic tile floors and a modern vanity. On the main floor, you'll find two generously sized bedrooms. Upstairs, the master bedroom provides ample storage, plus a versatile study area that could serve as a nursery or walk-in closet. The finished basement, with new flooring, offers a great playroom or additional entertaining space, as well as a laundry area and extra storage. Outdoors, enjoy the new landscaping and mulch, along with an expansive backyard and extensive paver patio. The garage provides shelter for your car, additional storage, or space for a workshop.

Details

Property type

Single Family Residence

Est. home value

$296,705

Lot size

6,970 sq ft

Price per sq ft

$261

Year built

1950

Annual property taxes

$6,063

Price History

06/21/2024
MiRealSource

MiRealSource #50145520

Price change
$339,000
-5.57%
06/15/2024
MiRealSource

MiRealSource #50145520

Listed
$359,000
+38.08%
10/22/2021
Realcomp

Realcomp #2210078767

Sold
$260,000
+26.83%

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

$136,072
Asking price
$339,000
Closing costs (~8% of asking)
-$27,120
Est. remaining loan balance
-$175,808
Cash to seller
$136,072

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

Seller’s Loan History

Lender

Omega Lending

Loan start date

October 2021

Original loan amount

$208,000

Est. remaining balance

$175,808

Interest rate

2.18%

Loan type

New Conventional, 15 year

Seller

Patrick E Raye

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: 07/02/2024 at 7:10 PM

Listing updated: 06/22/2024 at 1:03 PM

Listed by: Justin Bonner, Simple Fee Listings, LLC Phone #: (734) 674-6608

MLS: MiRealSource #50145520

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