tomo logo

$799,900

Beds
5
Baths
3.5
sq ft
2,882

520 Simon Ct, Royal Oak, MI 48067

520 Simon Ct

Royal Oak, MI 48067

  • 90 days on market
    • Price drop $25,000↓
Your Dream Home Awaits! Just steps from downtown Royal Oak and a block from Whittier Park, this stunning property combines comfort and convenience. The bright, airy first floor features beautiful wood floors, an office with French doors, and a cozy gas fireplace. The spacious mudroom offers ample storage, and the custom deck and patio off the great room are perfect for entertaining. The chef’s kitchen boasts upgraded cabinetry, stainless steel appliances, granite countertops, and a stylish glass backsplash. A rare finished basement includes a wet bar, granite counters, custom cabinets, a full fridge, and generous storage. With five bedrooms and three full bathrooms on the second and third floors, this flexible layout suits both family living and additional recreation or office space. The laundry room is conveniently located on the second floor. Retreat to the master suite featuring a walk-in closet and a luxurious bath with a soaking tub, double vanity, and dual-head shower. This exceptional home won't last long—schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$732,485

Lot size

5,663 sq ft

Price per sq ft

$278

Year built

2014

Annual property taxes

$11,643

Price History

10/14/2024
Realcomp

Realcomp #20240072143

Price change
$799,900
-3.03%
10/04/2024
Realcomp

Realcomp #20240072143

Price change
$824,900
-2.94%
09/25/2024
Realcomp

Realcomp #20240072143

Listed
$849,900
+41.65%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$396,731
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$339,177
Cash to seller
$396,731

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

September 2020

Original loan amount

$450,000

Est. remaining balance

$339,177

Interest rate

2.51%

Loan type

New Conventional, 15 year

Seller

Xihui Lin and Kim Hoang Lee

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: 12/25/2024 at 1:15 AM

Listing updated: 10/14/2024 at 9:37 AM

Listed by: Jeff Kermath, Kermath Realty LLC Phone #: (734) 649-4903

MLS: Realcomp #20240072143

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