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$145,000

Beds
2
Baths
1.0
sq ft
940

407 New St, Clio, MI 48420

407 New St

Clio, MI 48420

  • 54 days on market
    • Price drop $8,900↓
2 bedroom ranch in the City of Clio. Nicely updated flooring, and fresh paint throughout. Fenced yard and 1 car carport. This is a Fannie Mae Homepath property.

Details

Property type

Single Family Residence

Est. home value

$118,883

Lot size

0.28 acres

Price per sq ft

$155

Year built

1940

Annual property taxes

$2,282.39

Price History

02/06/2025
MiRealSource

MiRealSource #50163907

Price change
$145,000
-5.78%
12/31/2024
MiRealSource

MiRealSource #50163907

Listed
$153,900
+22.14%
06/15/2022
Realcomp

Realcomp #5050074790

Sold
$126,000
+5%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Clio Area School District

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

$10,293
Asking price
$145,000
Closing costs (~8% of asking)
-$11,600
Est. remaining loan balance
-$123,107
Cash to seller
$10,293

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

Seller’s Loan History

Lender

Frankenmuth Cu

Loan start date

June 2022

Original loan amount

$128,282

Est. remaining balance

$123,107

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Lori L Knisley

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: 02/23/2025 at 10:00 AM

Listing updated: 02/06/2025 at 3:51 PM

Listed by: David A Taljonick, REMAX Right Choice Phone #: (810) 686-8667

MLS: MiRealSource #50163907

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