tomo logo

$1,400,000

Beds
4
Baths
3.5
sq ft
2,973

425 W Liberty St, Ann Arbor, MI 48103

425 W Liberty St

Ann Arbor, MI 48103

  • 90 days on market
    • Price drop $195,000↓
Truly unique downtown property. A condo that lives like a SFH. Steps from everything-it's hard to beat this location. A total of 4234 SF spread over 4 floors 4 beds 3.5 baths. Plus 2 large flex spaces for an office or guest room. In the OWS Historic District, it had a complete renovation in 2016. Ideal blend of modern conveniences (open kitchen that can accommodate multiple cooks, luxury baths, exercise room & mudroom) with many original features preserved (walnut carved pocket doors, woodwork & trim, original gas light fixture in the entry was converted to electric). Kitchen opens to a private deck for tailgating & eating al fresco. Gas FP. 2nd fl laundry. 2 car detached garage plus 2 additional parking spaces. 4 blocks off of Main St Walk to Coffee, Restaurants, Shops & Bach Elementary

Details

Property type

Single Family Residence

Est. home value

$1,485,504

Lot size

4,356 sq ft

Price per sq ft

$471

Year built

1901

Annual property taxes

$19,119.29

Price History

05/31/2024
Realcomp

Realcomp #54024016067

Price change
$1,400,000
-12.23%
04/30/2024
Realcomp

Realcomp #54024016067

Removed
$1,595,000
04/24/2024
Realcomp

Realcomp #54024016067

Listed
$1,595,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ann Arbor

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

$706,786
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$581,214
Cash to seller
$706,786

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

July 2016

Original loan amount

$700,000

Est. remaining balance

$581,214

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Lynn Videka and James A Blackburn

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: 07/04/2024 at 10:15 PM

Listing updated: 06/30/2024 at 5:23 PM

Listed by: Debora Odom Stern, Phone #: (734) 665-0300

MLS: Realcomp #54024016067

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