tomo logo

$269,900

Beds
4
Baths
2.0
sq ft
1,790

520 Fairlane Dr, Alma, MI 48801

520 Fairlane Dr

AlmaCity_Gratiot, MI 48801

  • 37 days on market
    • Price drop $5,000↓
Welcome to this beautiful 4-bedroom, 2-bathroom bi-level home, perfect for families and entertainers alike. Nestled in a desirable neighborhood, this home offers a spacious and functional layout with modern updates throughout. Upon entering, you're greeted by an inviting foyer leading to the upper and lower levels. The main floor features a bright and airy living room with large windows, allowing for plenty of natural light. The open-concept dining area flows seamlessly into a well-appointed kitchen, complete with sleek countertops, and ample cabinet space. The upper level boasts two generously sized bedrooms as well as a remodeled bath. Downstairs you'll find a spacious family room with a new wood burning fireplace, ideal for relaxing or hosting gatherings. Two more bedrooms, a second full bathroom, and a dedicated laundry room complete this level. Step outside to enjoy the beautifully landscaped and fenced backyard with a spacious deck, perfect for outdoor dining and summer barbecues. Other features include a new roof on both the home and garden shed, new sliding glass doors and a two car attached garage. With its prime location near schools, parks, and shopping, this bi-level gem is a must-see! Schedule your showing today.

Details

Property type

Single Family Residence

Est. home value

$221,607

Lot size

0.34 acres

Price per sq ft

$151

Year built

1965

Annual property taxes

$2,757.64

Price History

04/03/2025
Realcomp

Realcomp #79080054391

Price change
$269,900
-1.82%
03/07/2025
Realcomp

Realcomp #79080054391

Listed
$274,900
+19.52%
09/25/2023
Realcomp

Realcomp #79080010323

Sold
$230,000
+53.33%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Alma

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

$228,061
Asking price
$269,900
Closing costs (~8% of asking)
-$21,592
Est. remaining loan balance
-$20,247
Cash to seller
$228,061

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

Seller’s Loan History

Lender

Quicken Loans Inc

Loan start date

April 2013

Original loan amount

$84,150

Est. remaining balance

$20,247

Interest rate

2.76%

Loan type

Not Provided, 15 year

Seller

Richard D Pratt

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: 04/03/2025 at 7:50 PM

Listing updated: 04/03/2025 at 3:46 PM

Listed by: Meredith B Lott, 43 NORTH REALTY Phone #: (989) 463-1219

MLS: Realcomp #79080054391

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