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$250,000

Beds
3
Baths
1.0
sq ft
880

4718 Olivia Ave, Royal Oak, MI 48073

4718 Olivia Ave

Royal Oak, MI 48073

  • 37 days on market
This unique North Royal Oak ranch is perfectly located just minutes from schools, shopping, and the Woodward Corridor, and is truly a must-see property! Home features radiant in-floor heating throughout, a pass-through attached garage for great access to the spacious back yard, and TONS of fantastic natural light via the generous windows. This move-in-ready home would make a very special starter home or investment property, and will not last long.

Details

Property type

Single Family Residence

Est. home value

$238,545

Lot size

5,663 sq ft

Price per sq ft

$285

Year built

1950

Annual property taxes

$5,009

Price History

05/28/2024
Realcomp

Realcomp #20240036619

Listed
$250,000
+25%
08/06/2021
MiRealSource

MiRealSource #50046259

Sold
$200,000
+55.04%
08/08/2014
Realcomp

Realcomp #214049901

Sold
$129,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$104,615
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$125,385
Cash to seller
$104,615

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

Seller’s Loan History

Lender

Staunton Financial Inc

Loan start date

August 2021

Original loan amount

$150,000

Est. remaining balance

$125,385

Interest rate

2.24%

Loan type

New Conventional, 15 year

Seller

Jason Peterson and Cara Peterson

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 11:10 PM

Listing updated: 06/24/2024 at 10:41 PM

Listed by: Alan Brown, Real Estate One-Troy Phone #: (248) 813-4900

MLS: Realcomp #20240036619

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