tomo logo

$475,000

Beds
3
Baths
1.5
sq ft
1,984

45701 Ryan Rd, Shelby Township, MI 48317

45701 Ryan Rd

Shelby Twp, MI 48317

  • 24 days on market
    • Price drop $75,000↓
Welcome to your private cottage retreat, perfectly nestled in the heart of Shelby Twp on nearly an acre. As you step inside, you'll be greeted by the open living space. The living room, featuring a charming fireplace, seamlessly flows into the open-concept kitchen featuring an island providing additional seating and a dining area that leads into the family room. Here, large windows line the walls, offering amazing views of the property. The main home is completed with three generously sized bedrooms, a full bathroom and a newly remodeled half bathroom, providing ample space. One of the unique highlights of this property is the versatile barn, which can serve as an ideal in-law suite or a fantastic revenue opportunity with its two separate apartments. The first floor apartment is a cozy 500 sq ft with one bedroom and one bathroom, while the second floor apartment is 1000 sq ft, featuring two bedrooms and one bathroom. Additional features include a brand new furnace and air conditioning unit. Whether you are looking for a peaceful setting, a home with plenty of space, or an income-generating property, this home has it all!

Details

Property type

Single Family Residence

Est. home value

$365,494

Lot size

0.90 acres

Price per sq ft

$240

Year built

1950

Annual property taxes

$3,238

Price History

06/28/2024
Realcomp

Realcomp #20240040696

Price change
$475,000
-13.64%
06/10/2024
Realcomp

Realcomp #20240040696

Listed
$550,000
+59.42%
06/30/2022
Realcomp

Realcomp #58050073614

Sold
$345,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Utica

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First State Bank

Loan start date

September 2023

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

6.81%

Loan type

Credit Line (Revolving), 25 year

Seller

James Lawhorn and Courtney H Lawhorn

Lender

Planet Home Lending Llc

Loan start date

November 2022

Original loan amount

$165,000

Est. remaining balance

$161,567

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Courtney Lawhorn and James W Lawhorn

Lender

First State Bank

Loan start date

June 2022

Original loan amount

$258,750

Est. remaining balance

$251,323

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Courtney Lawhorn and James Lawhorn

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

Off market
Realcomp
$419,400
3 bd
|
1.5 ba
|
1,895 sq ft
|
House

2176 Topaz Dr, Troy, MI 48085

Realcomp
$475,000
3 bd
|
1.5 ba
|
1,392 sq ft
|
House

1581 Gravel Ridge Dr, Rochester Hills, MI 48307

Realcomp
$449,000
3 bd
|
2.5 ba
|
2,066 sq ft
|
House

3325 John R Rd, Rochester Hills, MI 48307

Status: Active

Tomo last checked: 07/04/2024 at 11:50 PM

Listing updated: 06/28/2024 at 6:23 PM

Listed by: David L Thomas, EXP Realty Romeo Phone #: (586) 372-6057

MLS: Realcomp #20240040696

Realcomp logo

Recently listed in Shelby Twp