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$1,199,000

Beds
5
Baths
4.5
sq ft
5,810

517 Oak St, Rochester, MI 48307

517 Oak St

Rochester, MI 48307

  • 73 days on market
    • Price drop $51,000↓
CUSTOM BUILT BRICK HOME IN DOWNTOWN ROCHESTER - WALK TO THE PARK AND SHOPPING! 5 BEDROOMS, 4.1 BATHS. ATTACHED 3 CAR GARAGE, 4 FIREPLACES, ELEVATOR, 2-STORY FOYER. CHERRYWOOD FLOORS & CARPET THROUGHOUT HOME. LIBRARY W/ FIREPLACE, BUILT-IN CHERRY BOOKSHELVES, & FRENCH DOORS. LIVING ROOM W/ GAS FIREPLACE. FIRST FLR PRIMARY SUITE W/ SITTING RM & WALK-IN CLOSET W/ BUILT-INS. PRIMARY BATH W/ DESIGNER TILE & WHEELCHAIR ACCESS SHOWER. DINING RM W/ FIREPLACE & PANTRY W/ ICE MAKER, CHERRY CABINETS, & LINEN CLOSET. LARGE GOURMET KITCHEN WITH 15 FT QUARTZ ISLAND, CUSTOM CHERRY CABINETS WITH QUARTZ COUNTERTOPS & CHERRY HARDWOOD FLOORS. BREAKFAST RM, GE MONOGRAM REF, CONVECTION OVEN. SUN RM OFF MASTER & KITCHEN. SECOND FLR OFFERS FAMILY RM W/ FIREPLACE & BONUS/REC RM OVER GARAGE. 3 BEDROOMS, 2 W/ JACK & JILL BATH, 3RD BEDROOM IS SECOND MASTER SUITE WITH JACUZZI TUB, SHOWER, & WALK-IN CLOSET. 3 FURNACES & 3 A/C UNITS. RESIDENTIAL/OFFICE

Details

Property type

Single Family Residence

Est. home value

$1,272,859

Lot size

0.31 acres

Price per sq ft

$207

Year built

2001

Annual property taxes

$17,529

Price History

11/06/2024
Realcomp

Realcomp #20240076740

Price change
$1,199,000
-4.08%
10/10/2024
Realcomp

Realcomp #20240076740

Listed
$1,250,000
-16.61%
08/06/2024
Realcomp

Realcomp #20240049755

Removed
$1,499,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$570,256
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$532,824
Cash to seller
$570,256

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

$532,824

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?

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2282 Hawthorne Dr S, Shelby Township, MI 48316

Status: Active

Tomo last checked: 12/22/2024 at 9:20 PM

Listing updated: 11/10/2024 at 3:15 PM

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

MLS: Realcomp #20240076740

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