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$295,000

Beds
4
Baths
2.0
sq ft
1,482

514 Lee St, Milan, MI 48160

514 Lee St

Milan, MI 48160

  • 43 days on market
    • Price drop $9,900↓
Welcome to this inviting 4-bedroom, 2-bathroom home that blends classic charm with modern comforts. Located in a peaceful neighborhood, this home offers the perfect balance of spacious living and cozy details. As you walk in the front door you will see beautiful hardwood floors and solid wood trim. This home boasts 2 first floor Bedrooms and 2 Full Bathrooms. The Master bedroom is oversized with its own bath. Galley style kitchen opens up to an open concept dining and family room. Enjoy your morning coffee or relax with a good book in the light-filled sunroom, perfect for any season. Upstairs has the potential of 2-3 bedrooms. See little door for a hidden room! The basement is unfinished, but clean and usable. Fenced in yard. 1 car detached garage and an additional shed.

Details

Property type

Single Family Residence

Est. home value

$257,398

Lot size

6,534 sq ft

Price per sq ft

$200

Year built

1950

Annual property taxes

$4,865

Price History

12/04/2024
Realcomp

Realcomp #81024058680

Price change
$295,000
-3.25%
11/09/2024
Realcomp

Realcomp #81024058680

Listed
$304,900
+45.89%
09/25/2020
Realcomp

Realcomp #543271979

Sold
$209,000
+60.89%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Milan

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

$100,781
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$170,619
Cash to seller
$100,781

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 2020

Original loan amount

$188,100

Est. remaining balance

$170,619

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Robert D Kolander

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: 12/22/2024 at 10:25 PM

Listing updated: 12/15/2024 at 4:15 PM

Listed by: Magen Larsen, Real Estate One Phone #: (734) 662-8600

MLS: Realcomp #81024058680

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