tomo logo

$199,000

Beds
2
Baths
2.0
sq ft
1,340

5000 Town Ctr Unit 1503, Southfield, MI 48075

5000 Town Ctr Unit 1503

Southfield, MI 48075

  • 17 days on market
Luxury 2 Bedroom, 2 Bathroom Condo with Stunning Views! Welcome to Suite 1503 in the tallest residential tower in Southeast Michigan—a 33-story high-rise set on 5+ acres of landscaped grounds. Step into a refined space featuring a marble entryway, mirrored accent wall, and first full bathroom. The first bedroom includes mirrored closet doors and an eastern-facing view overlooking the golf course, tennis courts, and city skyline. The living and dining area offers panoramic city views, especially vibrant in the fall season. The kitchen is updated with stainless steel appliances, ample cabinet space, and expansive countertops. The primary bedroom features scenic views, a walk-in closet, and an additional mirrored closet.

Details

Property type

Apartment

Est. home value

$196,507

Lot size

Unknown

Price per sq ft

$149

Year built

1982

Annual property taxes

$5,125

Monthly HOA fee

$672

Price History

02/05/2025
Realcomp

Realcomp #20250007951

Listed
$199,000
+10.56%
05/03/2023
Realcomp

Realcomp #20221060516

Sold
$180,000
+42.86%
07/07/2017
Realcomp

Realcomp #217042989

Sold
$126,000
+5.88%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Southfield Public Schools

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

$11,916
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$171,164
Cash to seller
$11,916

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

May 2023

Original loan amount

$174,600

Est. remaining balance

$171,164

Interest rate

6.6%

Loan type

New Conventional, 30 year

Seller

Alyssa Cooley

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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Price drop
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5000 Town Ctr Unit 1606, Southfield, MI 48075

Status: Active

Tomo last checked: 02/23/2025 at 10:25 AM

Listing updated: 02/10/2025 at 10:59 AM

Listed by: Waseem Ali, Real Broker LLC Phone #: (517) 200-3245

MLS: Realcomp #20250007951

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