tomo logo

$625,000

Beds
3
Baths
1.5
sq ft
2,289

5319 Ellis Rd, Ypsilanti, MI 48197

5319 Ellis Rd

Ypsilanti Twp, MI 48197

  • 4 days on market
MCM Gem meets Homestead Life on 14 Acres, 12 Minutes from UM Stadium! (Note: Selling Home and 14 acres total on (2) adjacent parcels: (3 acres), including House: K11-19-100-03 AND (11.13 acres): K-11-19-100-014). Selling because of a work relocation. Improvements since 2020: New kitchen, custom Maple Cabinets; Granite Counters; Stone Backsplash, Cork Flooring; New Boiler/Furnace; Updated Electric; Updated Plumbing; Refinished Oak Flooring; Exterior and Interior Painting; Metal Roof/Paint of Barn; Asphalt Driveway; Bathroom Vanity's; Garage Door; New Patio Roof Structure; New Hot Tub; More. For a Homesteader and/or Hobby Farmer: The prior owner operated a Llama farm. There are 10 Pens, Animal Barn, Tractor/Loft Barn. Approx 8 tillable acres. Experience it in person to understand.

Details

Property type

Single Family Residence

Est. home value

$411,589

Lot size

14.00 acres

Price per sq ft

$274

Year built

1964

Annual property taxes

$7,370

Price History

02/18/2025
Realcomp

Realcomp #20250010850

Listed
$625,000
+78.57%
10/30/2020
Realcomp

Realcomp #2200065397

Sold
$350,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

$419,671
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$155,329
Cash to seller
$419,671

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

Seller’s Loan History

Lender

Americas Wholesale Lender

Loan start date

February 2004

Original loan amount

$315,000

Est. remaining balance

$155,329

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

Tina M Colton

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: 02/22/2025 at 11:15 PM

Listing updated: 02/22/2025 at 4:14 PM

Listed by: Tyler Socha, Tyler Socha, Modern Way Realty LLCModern Way Realty LLC Phone #: (734) 219-5615

MLS: Realcomp #20250010850

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