tomo logo

$299,000

Beds
4
Baths
2.0
sq ft
2,472

3475 Joslyn Rd, Auburn Hills, MI 48326

3475 Joslyn Rd

Auburn Hills, MI 48326

  • 70 days on market
Calling all Investors!!!! Have a look at this one of a kind prime property in the beautiful city of Auburn Hills! Perfect location just down the street from Great Lakes Crossing Mall and I-75. Currently a nonconforming use that's zoned “ Light Industrial ''. You could tear down the current structures to utilize the full 2.73 acres of beautiful land and build to suit your Light Industrial needs. Or you could keep the current House and revamp it from the inside to create an awesome home as it's "Grandfathered" in as a "Residential Dwelling" (can't add more sqft though, per city rules)! Worth every penny in just land value alone..…just imagine the options you have here, the ideas are endless!! Land contract terms offered (30% Down, 9% Interest, 60 Month Term).

Details

Property type

Single Family Residence

Est. home value

$362,146

Lot size

2.73 acres

Price per sq ft

$121

Year built

1936

Annual property taxes

$4,714

Price History

08/27/2024
Realcomp

Realcomp #20240063728

Listed
$299,000
-19.17%
04/02/2024
Realcomp

Realcomp #20230023669

Removed
$369,900
03/30/2023
Realcomp

Realcomp #20230023669

Listed
$369,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Pontiac

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

$216,071
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$59,009
Cash to seller
$216,071

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

Seller’s Loan History

Lender

Gmac Mortgage Corp

Loan start date

November 2003

Original loan amount

$117,500

Est. remaining balance

$59,009

Interest rate

5.98%

Loan type

Not Provided, 30 year

Seller

Michael S Trowsse and Robin L Trowsse

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
$330,000
4 bd
|
2 ba
|
1,600 sq ft
|
House

2218 Ostrum Dr, Waterford, MI 48328

Realcomp
$340,000
4 bd
|
3 ba
|
2,317 sq ft
|
House

324 N Lake Angelus Rd, Auburn Hills, MI 48326

Price drop
Realcomp
$265,000
4 bd
|
1 ba
|
1,464 sq ft
|
House

208 N Lake Angelus Rd, Auburn Hills, MI 48326

Status: Active

Tomo last checked: 11/05/2024 at 9:35 AM

Listing updated: 08/28/2024 at 6:05 AM

Listed by: Manar A Siba, Siba Realty Group Phone #: (248) 410-3171

MLS: Realcomp #20240063728

Realcomp logo

Recently listed in Auburn Hills

$165,000|2 bd|1.0 ba|House
$349,900|3 bd|1.5 ba|House
$280,000|2 bd|1.0 ba|House
$275,000|3 bd|2.5 ba|Townhouse