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$1,299,000

Beds
4
Baths
3.5
sq ft
5,810

517 Oak St, Rochester, MI 48307

517 Oak St

RochesterCity_Oakland, MI 48307

  • 1 day on market
Downtown Rochester custom built brick home 2001, updates furnace 2020, new patio/sidewalk 2022, new hot water heater 2024, whole house painted in 2024, new pavers and steps 2025, updated master bath 2025. Walk to park and shopping. 4-5 bedrooms, 3.1 baths and an attached 3+ car garage. 4 Fireplaces, elevator, 2 story foyer, Cherrywood floors. Library with a fireplace, bookshelves, and French doors. Living room with a fireplace. First floor master suite with sitting room & a walk in custom his & hers closets. Gourmet kitchen with 15Ft Quartz island, custom cherry cabinets with quartz countertops. Sun room off the master & kitchen. Second floor master suite with jacuzzi tub & shower, walk-in closet. 3 furnace & A/C units. Full basement.

Details

Property type

Single Family Residence

Est. home value

$1,272,859

Lot size

0.31 acres

Price per sq ft

$224

Year built

2001

Annual property taxes

$17,529

HOA

No

Price History

04/01/2025
Realcomp

Realcomp #20250021853

Listed
$1,299,000
+8.34%
12/30/2024
Realcomp

Realcomp #20240076740

Removed
$1,199,000
11/06/2024
Realcomp

Realcomp #20240076740

Price change
$1,199,000
-4.08%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Rochester

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

$667,662
Asking price
$1,299,000
Closing costs (~8% of asking)
-$103,920
Est. remaining loan balance
-$527,418
Cash to seller
$667,662

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

Seller’s Loan History

Lender

Lake Michigan Cu

Loan start date

January 2016

Original loan amount

$653,000

Est. remaining balance

$527,418

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

Bernard E Swanson Jr and Jaclyn K Swanson

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?

Status: Active

Tomo last checked: 04/03/2025 at 12:40 AM

Listing updated: 04/02/2025 at 6:07 AM

Listed by: Holly Hohnholt, Berkshire Hathaway HomeServices Kee Realty Phone #: (248) 651-1200

MLS: Realcomp #20250021853

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