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$198,000

Beds
2
Baths
1.0
sq ft
1,134

5113 N Oak Rd, Davison, MI 48423

5113 N Oak Rd

Richfield Twp, MI 48423

  • 32 days on market
    • Price drop $1,000↓
Cozy country Ranch on a peaceful one acre lot. Coved plaster ceilings with arched entrance. Located on a rural country road yet close to town.

Details

Property type

Single Family Residence

Est. home value

$168,176

Lot size

1.00 acres

Price per sq ft

$175

Year built

1943

Annual property taxes

$2,156

Price History

02/22/2025
Realcomp

Realcomp #20250004584

Price change
$198,000
-0.5%
01/21/2025
Realcomp

Realcomp #20250004584

Listed
$199,000
+121.11%
05/12/2016
MiRealSource

MiRealSource #20455547

Sold
$90,000
+69.81%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Davison

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

$86,815
Asking price
$198,000
Closing costs (~8% of asking)
-$15,840
Est. remaining loan balance
-$95,345
Cash to seller
$86,815

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

September 2021

Original loan amount

$103,221

Est. remaining balance

$95,345

Interest rate

2.8%

Loan type

FHA, 30 year

Seller

Sarah Emigh and Mark E Ulrich

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: 02/23/2025 at 10:40 AM

Listing updated: 02/22/2025 at 3:14 PM

Listed by: Corey Spohn, Corey Spohn, Sellers RealtySellers Realty Phone #: (810) 223-5653

MLS: Realcomp #20250004584

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