tomo logo

$574,900

Beds
2
Baths
2.0
sq ft
2,234

516 Graten St, Birmingham, MI 48009

516 Graten St

Birmingham, MI 48009

  • Pending
Townhome in the heart of Birmingham's Rail District. Steps from Whistle Stop, Giffin Claw, Attard Lumiere coffee shop at the end of the street, Whole Foods and the resturants, gyms & salons on Cole & Lincoln St. One mile walk through the neighbrhood to all the dining and shopping in Downtown Birmingham. Entry level home office with french doors and large windows overlooking entry courtyard. Hardwood floors, crown molding, recessed lights and Restoration Hardware light fixtures. Open concept floor plan with kitchen, dining and living rooms all adjacent to each other. Kitchen features solid oak cabients, Frigidaire, GE & Whirlpool stainless steel appliances, four-burner gas cooktop, room to add a double oven. Dining room drybar, built-in wine racks and glass display cabinets. Doorwall to deck off the dining room, with western sunset exposure. Living room gas fireplace. Large bedrooms. Primary bedroom walk-in closet, second closet and second bedroom closet all feature custom built-in closet organizers. Dual sink vanity, jetted tub, shower, water closet and new barn door. Laundry on the same floor as bedrooms. Fourth floor makes for a perfect TV/media room and home gym, vaulted ceiling, skylights and half bath with room to convert into a full bath and additional bedroom. NEST Thermostate, security system, Lennox AC and Honeywell Humidifier installed 2018. Two car attached, tandem garage with additional storage cabinets. Low monthly HOA covering exterior building maintenance, landscaping & snow removal, trash, sewer & water. New roof Summer 2023. Makes for a great rental investment property. Birmingham Schools: Pembrooke Elementary School, Derby Middle School and Seaholm High School. Enjoy the conveniences of condo living and the walkability of Birmingham!

Details

Property type

Townhouse

Est. home value

$468,325

Lot size

Unknown

Price per sq ft

$258

Year built

2003

Annual property taxes

$7,198

Monthly HOA fee

$350

Price History

10/25/2024
Realcomp

Realcomp #20240066701

Pending
$574,900
09/06/2024
Realcomp

Realcomp #20240066701

Listed
$574,900
-1.73%
09/04/2024
Realcomp

Realcomp #20240060294

Removed
$585,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$274,873
Asking price
$574,900
Closing costs (~8% of asking)
-$45,992
Est. remaining loan balance
-$254,035
Cash to seller
$274,873

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

Seller’s Loan History

Lender

Talmer Bank & Trust

Loan start date

September 2015

Original loan amount

$314,100

Est. remaining balance

$254,035

Interest rate

3.91%

Loan type

New Conventional, 30 year

Seller

Ashley N Ketko and Rick A Ketko

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: Pending/Under Contract

Tomo last checked: 11/03/2024 at 8:55 AM

Listing updated: 10/25/2024 at 2:30 PM

Listed by: Matthew Barker, Max Broock, REALTORS®-Birmingham Phone #: (248) 644-6700

MLS: Realcomp #20240066701

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