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$389,900

Beds
2
Baths
2.0
sq ft
1,144

350 N Main St Unit 614, Royal Oak, MI 48067

350 N Main St Unit 614

Royal Oak, MI 48067

  • 52 days on market
    • Price drop $10,000↓
Premier 6th floor unit in established and desired Main North Lofts. The building is unique in offering a concierge to greet your guests. Ideal location to walk to everything or just sit on your private balcony. Natural oak engineered hardwood flooring, Gourmet kitchen with maple cabinets and granite counters with a large island. Large suite opens to a custom walk in closet with organizer featuring shelves & drawers. Primary bath has a dual sink, soaking tub / shower combo. 2nd full bath has shower. Bonus room makes a terrific private office/second guest room. Bldg has attached heated/secure parking. Your parking spot is the first one next to the elevator. 5th floor work-out room. Plus!

Details

Property type

Condominium

Est. home value

$392,519

Lot size

Unknown

Price per sq ft

$341

Year built

2006

Annual property taxes

$9,525

Monthly HOA fee

$425

Price History

11/06/2024
Realcomp

Realcomp #20240073671

Price change
$389,900
-2.5%
10/16/2024
Realcomp

Realcomp #20240073671

Price change
$399,900
-2.46%
09/30/2024
Realcomp

Realcomp #20240073671

Listed
$410,000
+18.84%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$120,885
Asking price
$389,900
Closing costs (~8% of asking)
-$31,192
Est. remaining loan balance
-$237,823
Cash to seller
$120,885

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

January 2021

Original loan amount

$260,000

Est. remaining balance

$237,823

Interest rate

2.71%

Loan type

New Conventional, 30 year

Seller

Amrit Misra

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: 11/21/2024 at 10:25 PM

Listing updated: 11/06/2024 at 11:40 AM

Listed by: Melinda I Nagler, Max Broock, REALTORS®-Bloomfield Hills Phone #: (248) 644-4700

MLS: Realcomp #20240073671

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