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$226,000

Beds
2
Baths
1.5
sq ft
1,400

42136 Lochmoor St, Clinton Township, MI 48038

42136 Lochmoor St

Clinton Twp, MI 48038

  • 74 days on market
    • Price drop $6,000↓
Back to market, previous contract fell through due to loan not getting approved. This spacious 2-bedroom condo with walk-in closets offers the perfect blend of comfort and convenience with a private entry leading to a charming pathway and deck complete with a barbecue and garden. Inside, the main floor features a bright living room with new flooring, a well-maintained kitchen, and a dining room, all complemented by a convenient half-bath. Upstairs, you’ll find two generously sized bedrooms, a main bath, and a laundry area. The finished basement, accessible through a private entrance, is perfect for movie nights and entertaining.

Details

Property type

Condominium

Est. home value

$228,469

Lot size

Unknown

Price per sq ft

$162

Year built

1985

Annual property taxes

$3,504

Monthly HOA fee

$246

Price History

10/18/2024
Realcomp

Realcomp #20240063084

Listed
$226,000
10/07/2024
Realcomp

Realcomp #20240063084

Pending
$226,000
09/13/2024
Realcomp

Realcomp #20240063084

Price change
$226,000
-2.59%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Chippewa Valley

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

$66,295
Asking price
$226,000
Closing costs (~8% of asking)
-$18,080
Est. remaining loan balance
-$141,625
Cash to seller
$66,295

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

Seller’s Loan History

Lender

Vema Mortgage Llc

Loan start date

August 2022

Original loan amount

$158,800

Est. remaining balance

$141,625

Interest rate

4.81%

Loan type

New Conventional, 15 year

Seller

Ashish Khanduri

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: 11/05/2024 at 8:55 PM

Listing updated: 10/18/2024 at 6:25 PM

Listed by: Love Kumar Bagga, Powell Real Estate Phone #: (248) 914-3682

MLS: Realcomp #20240063084

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