tomo logo

$364,900

Beds
3
Baths
2.0
sq ft
1,165

504 S Edgeworth Ave, Royal Oak, MI 48067

504 S Edgeworth Ave

Royal Oak, MI 48067

  • 24 days on market
    • Price drop $5,000↓
Welcome home to 504 S Edgeworth! A nice, leisurely walk away from downtown dining and shops or a quick drive straight down 4th street! Beautiful, open-concept living space full of character and luxury details. The home was originally built in 1915 and was remodeled throughout 2018-2024 to reflect the character and integrity of this historic farmhouse. Dark hardwoods throughout the main floor, brand new carpet (Sept. 2024) in the basement and upstairs and updated bathrooms. Dream kitchen with dark wood cabinets, quartzite counter tops, 6 burner gas range stove, pot filler, and stainless steel appliances. The living room features a wood-burning fire place with hand picked flagstone and a reclaimed barn wood beam from the 1800s. Designer lighting and hardware throughout. Newly refinished basement with built in media center complete with wine fridge, large storage/utility room, laundry room with original built ins, full bathroom, and a “Bonus” room with closet and built in storage drawers. Basement was fully waterproofed in 2024 complete with a perimeter French drainage system and sump pump with double back up. This system comes with a transferrable lifetime warranty. The covered front porch converted into a bonus mud room with wrap around bench (and plenty of storage underneath!). Keyless entry deadbolt on front door. A/C (2018), furnace(2015). Come check out this incredible turn-key bungalow that’s ready to welcome you home!

Details

Property type

Single Family Residence

Est. home value

$346,618

Lot size

4,792 sq ft

Price per sq ft

$314

Year built

1915

Annual property taxes

$5,724

Price History

10/08/2024
Realcomp

Realcomp #20240071853

Price change
$364,900
-1.35%
09/24/2024
Realcomp

Realcomp #20240071853

Listed
$369,900
+21.28%
11/13/2020
Realcomp

Realcomp #2200083949

Sold
$305,000
+76.81%

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

$71,101
Asking price
$364,900
Closing costs (~8% of asking)
-$29,192
Est. remaining loan balance
-$264,607
Cash to seller
$71,101

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

November 2020

Original loan amount

$289,750

Est. remaining balance

$264,607

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Wilson Shaner

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: 10/18/2024 at 2:15 PM

Listing updated: 10/15/2024 at 12:23 PM

Listed by: Michael Malone, EXP Realty Shelby Phone #: (586) 531-6999

MLS: Realcomp #20240071853

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