tomo logo

$159,900

Beds
5
Baths
2.0
sq ft
1,873

508 Frank St, Adrian, MI 49221

508 Frank St

Adrian, MI 49221

  • 33 days on market
Recently remodeled with new furnace, water heater, new floors, remodeled bathrooms and kitchen.

Details

Property type

Single Family Residence

Est. home value

$124,358

Lot size

5,663 sq ft

Price per sq ft

$86

Year built

1958

Annual property taxes

$2,267

Price History

11/20/2024
MiRealSource

MiRealSource #50161698

Listed
$159,900
+140.45%
04/05/2024
MiRealSource

MiRealSource #50131374

Sold
$66,500
-13.64%
02/23/2024
MiRealSource

MiRealSource #50131374

Pending
$77,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Adrian City School District

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

$71,506
Asking price
$159,900
Closing costs (~8% of asking)
-$12,792
Est. remaining loan balance
-$75,602
Cash to seller
$71,506

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

November 2021

Original loan amount

$81,276

Est. remaining balance

$75,602

Interest rate

3.01%

Loan type

FHA, 29 year

Seller

Tristian G German

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: 12/23/2024 at 2:45 PM

Listing updated: 11/29/2024 at 8:50 PM

Listed by: Patrick J Hoffman, Howard Hanna Real Estate Services-Tecumseh Phone #: (517) 424-4444

MLS: MiRealSource #50161698

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