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

SouthfieldCity_Oakland, MI 48075

    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

    Condominium

    Est. home value

    $196,507

    Lot size

    Unknown

    Price per sq ft

    $149

    Year built

    1982

    Annual property taxes

    $5,125

    Monthly HOA fee

    $672.43

    Price History

    02/10/2025
    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

    High school district: 

    SouthfieldPublicSchools

    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

    $12,090
    Asking price
    $199,000
    Closing costs (~8% of asking)
    -$15,920
    Est. remaining loan balance
    -$170,990
    Cash to seller
    $12,090

    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

    $170,990

    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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    5000 Town Ctr Unit 1606, Southfield, MI 48075

    Status: Active

    Tomo last checked: 04/04/2025 at 5:00 AM

    Listing updated: 03/25/2025 at 9:16 AM

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

    MLS: Realcomp #20250007951

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