tomo logo

$389,900

Beds
4
Baths
2.5
sq ft
2,654

40834 Freedom Dr, Sterling Heights, MI 48313

40834 Freedom Dr

Sterling Heights, MI 48313

  • 48 days on market
    • Price drop $10,000↓
If you're looking for a family-friendly home without the hassle of a major renovation, this is the perfect fit. Featuring generous rooms and situated on a peaceful dead-end street, it's conveniently close to shopping and other amenities. The interior has been recently refreshed with updated kitchen, bathrooms, flooring, furnace and AC. Plus, you'll enjoy the screened-in porch off the kitchen with hot tub included. Act fast—this one won’t last long!

Details

Property type

Single Family Residence

Est. home value

$417,997

Lot size

9,583 sq ft

Price per sq ft

$147

Year built

1980

Annual property taxes

$6,648

Price History

10/02/2024
Realcomp

Realcomp #20240069789

Price change
$389,900
-2.5%
09/26/2024
Realcomp

Realcomp #20240069789

Price change
$399,900
-2.44%
09/17/2024
Realcomp

Realcomp #20240069789

Listed
$409,900
+38.48%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Utica

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

$143,424
Asking price
$389,900
Closing costs (~8% of asking)
-$31,192
Est. remaining loan balance
-$215,284
Cash to seller
$143,424

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

Seller’s Loan History

Lender

Stearns Lending Llc

Loan start date

August 2020

Original loan amount

$236,800

Est. remaining balance

$215,284

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Nicholas Spencer

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

Price drop
Realcomp
$345,000
4 bd
|
2.5 ba
|
2,780 sq ft
|
House

40206 Ashland Dr, Sterling Heights, MI 48313

Realcomp
$349,900
4 bd
|
2.5 ba
|
2,302 sq ft
|
House

14373 Kerner Dr, Sterling Heights, MI 48313

Price drop
Realcomp
$375,000
4 bd
|
2.5 ba
|
2,325 sq ft
|
House

39313 Sunderland Dr, Clinton Township, MI 48038

Status: Active

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

Listing updated: 10/29/2024 at 11:50 AM

Listed by: Jennifer L Makke, Silverstone Real Estate, LLC Phone #: (248) 550-6689

MLS: Realcomp #20240069789

Realcomp logo