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$444,000

Beds
4
Baths
1.5
sq ft
1,865

40127 Oak Tree Rd, Novi, MI 48375

40127 Oak Tree Rd

Novi, MI 48375

  • 12 days on market
Welcome to this spacious north facing 4 bedroom colonial in highly sought out Village Oaks Subdivision! Located just down the street from Blue Ribbon Village Oaks Elementary School. This house offers a large living room and family room with vaulted ceilings. An open concept Kitchen & dining room with beautiful vinyl flooring all throughout, Many updates include: Heating & Cooling Mini split system (2023), Sump Pump (2023), Backyard French Drain System (2022), Washer & Dryer (2024), Dishwasher (2021), and so much more... One year Home Warranty included. HOA includes clubhouse, pool, residential park and playground. Close to shopping, award winning Novi schools, and easy freeway access. Don't miss the opportunity to own this move-in ready house - schedule your showing today! Seller is a licensed agent.

Details

Property type

Single Family Residence

Est. home value

$398,027

Lot size

0.23 acres

Price per sq ft

$239

Year built

1975

Annual property taxes

$6,208

Monthly HOA fee

$25.42

Price History

12/09/2024
Realcomp

Realcomp #20240091311

Listed
$444,000
+42.08%
08/31/2021
Realcomp

Realcomp #2210043443

Sold
$312,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Novi

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

$176,360
Asking price
$444,000
Closing costs (~8% of asking)
-$35,520
Est. remaining loan balance
-$232,120
Cash to seller
$176,360

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

Seller’s Loan History

Lender

Hall Financial Group

Loan start date

August 2021

Original loan amount

$250,000

Est. remaining balance

$232,120

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Michael Stefaniak

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: 12/22/2024 at 12:10 AM

Listing updated: 12/21/2024 at 3:15 PM

Listed by: Michael Stefaniak, Keller Williams Advantage Phone #: (248) 380-8800

MLS: Realcomp #20240091311

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