tomo logo

$320,000

Beds
1
Baths
1.0
sq ft
615

411 S Old Woodward Ave Unit 507, Birmingham, MI 48009

411 S Old Woodward Ave Unit 507

Birmingham, MI 48009

  • 1 day on market
Fall in love with the luxury and ease of living in this sophisticated, open layout 1 bedroom/1 bath condo in the highly sought-after Birmingham Place. Perfectly situated in the heart of downtown Birmingham, live steps away from stylish shopping, incredible restaurants and entertainment. Upon entering the building, you will feel immediately at home in the well-appointed lobby, where the front desk staff provides 24-hour concierge service. Warm, rich wood floors run throughout the unit and the kitchen has stainless steel appliances, a gas cook top, extra storage within modern cabinets and sleek, black granite countertops. The large bedroom offers plenty of space. The custom-designed walk-in closet is made of gorgeous, dark wood and features tons of storage and drawer space. There are two big closets in the main living area and additional storage available in the nearby secured storage room. The bathroom has a granite countertop, a modern stainless-steel sink and a shower with tub. You won’t be missing out on outdoor space here, as you can step directly out from your living room to your own private balcony. There is also beautiful, community outdoor green space on the 3rd floor terrace, as well as a 10th floor sundeck. The heated underground parking can be accessed from both Woodward and S. Old Woodward and there is plenty of room for guest parking. This place is truly move-in ready. Pets are allowed in compliance with building rules. The unit is also listed for lease.

Details

Property type

Condominium

Est. home value

$316,297

Lot size

Unknown

Price per sq ft

$521

Year built

1981

Annual property taxes

$3,636

Monthly HOA fee

$318

Price History

09/18/2024
Realcomp

Realcomp #20240070357

Listed
$320,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$120,475
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$173,925
Cash to seller
$120,475

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

May 2018

Original loan amount

$225,000

Est. remaining balance

$173,925

Interest rate

4.45%

Loan type

New Conventional, 20 year

Seller

Vinay Pallegar

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: 09/19/2024 at 8:00 PM

Listing updated: 09/19/2024 at 2:31 PM

Listed by: Carolyn Kennedy, The Agency Hall & Hunter Phone #: (248) 644-3500

MLS: Realcomp #20240070357

Realcomp logo

Recently listed in Birmingham

$875,000|4 bd|2.5 ba|House
$1,575,000|4 bd|4.5 ba|House
$1,140,000|4 bd|3.5 ba|House
$2,400,000|3 bd|3.5 ba|House
$389,900|2 bd|1.0 ba|House
$975,000|3 bd|3.0 ba|Condo
$329,000|3 bd|1.0 ba|House
$1,599,000|4 bd|3.0 ba|House
$3,390,000|5 bd|6.5 ba|House