tomo logo

$225,000

Beds
2
Baths
1.5
sq ft
1,294

494 Baldwin Ave, Rochester, MI 48307

494 Baldwin Ave

Rochester, MI 48307

  • 9 days on market
**Affordable Condo in Rochester – Perfect Location!** Do you love Rochester but find the home prices too high? No worries! This updated 2-bedroom condo is just what you're looking for. It's only a short walk to Paint Creek Trail and Downtown Rochester. After hitting a great dining spot, brewery, and doing a little shopping. Hop right over and take a leasurly stroll and enjoy the fall colors on the trail. Imagine enjoying the beautiful Christmas lights or taking a quick trip to Yates Cider Mill whenever you want. This condo makes it easy to enjoy everything this amazing community has to offer. Pets are welcome too! Plus, the association fee covers your water, trash removal, and exterior maintenance, so you’ll have more time to relax. If you’re looking for easy living in a vibrant area, **Welcome Home!**

Details

Property type

Townhouse

Est. home value

$206,323

Lot size

4.16 acres

Price per sq ft

$174

Year built

1969

Annual property taxes

$4,100

Monthly HOA fee

$320

Price History

09/09/2024
MiRealSource

MiRealSource #50154932

Listed
$225,000
+33.21%
06/10/2020
Realcomp

Realcomp #2200027766

Sold
$168,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Rochester Community School District

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

$83,862
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$123,138
Cash to seller
$83,862

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

June 2020

Original loan amount

$135,120

Est. remaining balance

$123,138

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Steven Wayne Leigh and Shirley Ann Leigh

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: Active

Tomo last checked: 09/17/2024 at 11:15 PM

Listing updated: 09/13/2024 at 3:24 AM

Listed by: Richard L Sparks, Keller Williams Paint Creek Phone #: (248) 609-8000

MLS: MiRealSource #50154932

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