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$495,000

Beds
4
Baths
3.0
sq ft
2,699

38060 Eric Ct, Farmington Hills, MI 48335

38060 Eric Ct

Farmington Hills, MI 48335

  • 19 days on market
    • Price drop $5,000↓
HUGE PRICE REDUCTION!!!! Seller needs to relocate ASAP! Appraised for 530k. Welcome to 38060 Eric in highly desirable Meadow Glen subdivision. This gorgeous home boasts 4 bedrooms, 2 full and 2 half bathrooms, finished basement , and a private setting backing up to the woods. A stunning foyer and wide split staircase as you enter. Fresh paint and bright lighting throughout. First floor includes a formal dining room, breakfast nook, spacious study, and an inviting family room. Upstairs you will find 4 generous bedrooms include a large primary ensuite. Open, spacious finished basement with a half bath and wet bar perfect for entertaining. Outdoors you will find a small garden, large brick paver patio, and play area in a private, country like setting.

Details

Property type

Single Family Residence

Est. home value

$478,516

Lot size

0.28 acres

Price per sq ft

$184

Year built

1985

Annual property taxes

$9,344

Monthly HOA fee

$21.25

Price History

12/18/2024
Realcomp

Realcomp #20240089835

Price change
$495,000
-1%
12/11/2024
Realcomp

Realcomp #20240089835

Price change
$500,000
-2.91%
12/03/2024
Realcomp

Realcomp #20240089835

Listed
$515,000
+7.74%

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

$32,311
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$423,089
Cash to seller
$32,311

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

July 2023

Original loan amount

$429,900

Est. remaining balance

$423,089

Interest rate

6.57%

Loan type

New Conventional, 30 year

Seller

Man Van Tran

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: 12/23/2024 at 8:25 AM

Listing updated: 12/18/2024 at 9:25 AM

Listed by: Nhon Tran, Real Estate One-Sterling Heights Phone #: (586) 276-9800

MLS: Realcomp #20240089835

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