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$199,000

Beds
2
Baths
1.5
sq ft
998

505 E University Dr Unit 301, Rochester, MI 48307

505 E University Dr Unit 301

Rochester, MI 48307

  • 44 days on market
LOCATION-LOCATION-LOCATION! Do NOT miss this opportunity to own this meticulously maintained furnished 2 bedroom 1.5 bath condo located in the heart of downtown Rochester adjacent to Paint Creek! Settle in this cozy ground floor unit offering a generously sized master ensuite w/ a spacious master bath and walk-in closet w/ ample storage! All appliances included! 1 car garage with opener that provides direct access into common area from basement. The common area in the basement offers an expansive storage unit for all your additional storage needs along w/ coin laundry for your convenience. Take advantage of the electric washer and dryer hookup located in your new home for even more convenience. Furnace is 2 years old! New insulation installed in 2022! Please note all conventional loans will require a minimum of 20% down for this purchase. Please inquire for further details. Condo may be rented if you are an investor!

Details

Property type

Condominium

Est. home value

$194,006

Lot size

Unknown

Price per sq ft

$200

Year built

1966

Annual property taxes

$3,472

Monthly HOA fee

$350

Price History

05/21/2024
Realcomp

Realcomp #20240034911

Listed
$199,000
+35.37%
12/01/2021
Realcomp

Realcomp #58050060639

Sold
$147,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Rochester

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Of Michigan Mtg Co

Loan start date

November 1995

Original loan amount

$56,600

Est. remaining balance

Not provided

Interest rate

7.6%

Loan type

Not Provided

Seller

Lory A Valuet None

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: 07/04/2024 at 11:20 PM

Listing updated: 06/13/2024 at 9:23 AM

Listed by: Laurie Rouse, Real Broker, LLC Troy Phone #: (248) 270-5999

MLS: Realcomp #20240034911

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