tomo logo

$249,900

Beds
2
Baths
2.0
sq ft
1,390

5000 Town Ctr Unit 2405, Southfield, MI 48075

5000 Town Ctr Unit 2405

Southfield, MI 48075

  • 161 days on market
    • Price drop $9,600↓
Virtual Tour on Homes dot com Welcome to this stunning luxury high-rise condominium boasting breathtaking northern and western views that will leave you in awe. Located on the penthouse floor of the building with limited access, this newly renovated home (October 2022) offers two spacious bedrooms and two elegant bathrooms, creating a haven of comfort and tranquility. Upon entering, you'll be captivated by the large windows surrounding the entire space, allowing natural light to flood in and granting you panoramic views of the surrounding cityscape. The interior of this residence is adorned with custom window installments, adding a touch of sophistication and privacy to every room. The kitchen for a culinary enthusiast, is equipped with top-of-the-line appliances that are all included in the sale of the home. Incredible amenities include a 24/7 concierge, 24/7 CCTV surveillance system, Fitness Center w/shower & sauna, community room w/wet bar for social events, and assigned parking in a security cameras-monitored garage. Sits on 5+ acres of beautifully manicured grounds w/heated outdoor pool, picnic, BBQ areas & tennis courts. Walking distance to library, multiplex sports, facility, neighborhood restaurants, & golf course. Mins to downtown Detroit, DTW, Downtown Birmingham & Somerset Mall, major expressways & hospitals, and 2 designated parking spots. Valet parking service is available but not included in the HOA monthly fees. Don't miss the opportunity to own this remarkable residence that offers a lifestyle of unparalleled luxury and refinement. Per the Condo Association, a unit can become a rental after the owner has occupied the unit for 2 years. *** First-time buyer down payment assistance programs currently available: Contact Mike Paige at Huntington Bank Phone: 7344059354

Details

Property type

Condominium

Est. home value

$323,435

Lot size

Unknown

Price per sq ft

$180

Year built

1982

Annual property taxes

$4,809

Monthly HOA fee

$657

Price History

11/15/2024
Realcomp

Realcomp #20240041926

Price change
$249,900
-3.7%
10/26/2024
Realcomp

Realcomp #20240041926

Price change
$259,500
-0.04%
10/12/2024
Realcomp

Realcomp #20240041926

Price change
$259,598

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

$22,655
Asking price
$249,900
Closing costs (~8% of asking)
-$19,992
Est. remaining loan balance
-$207,253
Cash to seller
$22,655

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

Seller’s Loan History

Lender

Independent Bank

Loan start date

September 2022

Original loan amount

$213,750

Est. remaining balance

$207,253

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Sarah S Hazimi

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: 11/22/2024 at 4:55 PM

Listing updated: 11/15/2024 at 2:00 PM

Listed by: Eddie Haidar, Keller Williams Legacy Phone #: (313) 752-0000

MLS: Realcomp #20240041926

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