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$300,000

Beds
3
Baths
1.0
sq ft
1,320

516 North Rd, Fenton, MI 48430

516 North Rd

Fenton, MI 48430

  • Pending
Welcome to this charming 3-bedroom ranch home situated on a rare over 2-acre lot that backs up to the serene Shiawassee River. Here, you can enjoy the unique blend of town and country living, surrounded by abundant wildlife and picturesque river frontage. The home itself has been tastefully updated and offers a spacious layout, perfect for comfortable living. Relax and unwind on the lovely front porch or entertain on the large rear deck, both providing beautiful views of the expansive property. Additional features include a partially finished basement, offering extra living space or storage options. Located in the highly sought-after Fenton Schools district, this property combines the tranquility of riverside living with the convenience of excellent educational opportunities. Don't miss out on the opportunity to own this exceptional home where you can experience the best of both worlds—town amenities alongside the peacefulness of country living. Sellers are offering concession to cover the roof quote. The former inspection showed the home is due for a new roof soon. The company stated they are 6 - 8 weeks out and sellers would like to move forward rather than wait if possible.

Details

Property type

Single Family Residence

Est. home value

$291,307

Lot size

2.39 acres

Price per sq ft

$228

Year built

1961

Annual property taxes

$4,467

Price History

09/14/2024
Realcomp

Realcomp #20240052808

Pending
$300,000
08/15/2024
Realcomp

Realcomp #20240052808

Listed
$300,000
07/31/2024
Realcomp

Realcomp #20240052808

Pending
$300,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Fenton

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

$120,806
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$155,194
Cash to seller
$120,806

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

September 2017

Original loan amount

$180,667

Est. remaining balance

$155,194

Interest rate

3.92%

Loan type

FHA, 30 year

Seller

Cash T Anderson and Lisa A Dassinger

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: 09/19/2024 at 5:35 AM

Listing updated: 09/14/2024 at 12:31 PM

Listed by: Merrie Johnson, Berkshire Hathaway HomeServices Michigan Real Est Phone #: (810) 695-1990

MLS: Realcomp #20240052808

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