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$230,595Estimated home value

Beds
2
Baths
1.0
sq ft
1,091

426 Albany St, Ferndale, MI 48220

426 Albany St

Ferndale, MI 48220

  • Off market
this great ranch style home is now available

Details

Property type

Single Family Residence

Est. home value

$230,595

Lot size

4,792 sq ft

Price per sq ft

$275

Year built

1923

Annual property taxes

$5,909

Price History

07/19/2024
Realcomp

Realcomp #81024034318

Removed
$299,999
07/05/2024
Realcomp

Realcomp #81024034318

Listed
$299,999
+48.15%
11/28/2022
Realcomp

Realcomp #20221047895

Sold
$202,500
+12.5%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ferndale

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

$90,312
Asking price
$299,999
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$185,687
Cash to seller
$90,312

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2024

Original loan amount

$186,931

Est. remaining balance

$185,687

Interest rate

7.03%

Loan type

FHA, 30 year

Seller

Oscar N Renautt and Edward Hennessey

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: Off Market

Tomo last checked: 10/05/2024 at 7:30 PM

Listing updated: 07/05/2024 at 7:53 PM

Listed by: Derek Werenka, Phone #: (248) 398-9200

MLS: Realcomp #81024034318

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