tomo logo

$274,900

Beds
2
Baths
2.0
sq ft
1,224

53216 Manchester Ave, Shelby Township, MI 48316

53216 Manchester Ave

Shelby Twp, MI 48316

  • 131 days on market
    • Price drop $5,000↓
CALLING ALL INVESTORS- TENANT OCCUPIED**** Great investment property. Current tenant pays $1900 per month. Welcome home to maintenance free living at its finest! This beautifully updated 2 bed 2 full bath brick ranch condo is within award-winning Utica Schools. Recent updates include fresh paint throughout, granite countertops, new kitchen backsplash, brand new tile, durable waterproof pergo wood flooring, recessed lighting, and new light fixtures.

Details

Property type

Condominium

Est. home value

$239,910

Lot size

Unknown

Price per sq ft

$225

Year built

2008

Annual property taxes

$2,362

Monthly HOA fee

$220

Price History

04/10/2024
Realcomp

Realcomp #20240011354

Price change
$274,900
-1.79%
03/30/2024
Realcomp

Realcomp #20240011354

Pending
$279,900
03/11/2024
Realcomp

Realcomp #20240011354

Price change
$279,900
-3.45%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Utica

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

$65,644
Asking price
$274,900
Closing costs (~8% of asking)
-$21,992
Est. remaining loan balance
-$187,264
Cash to seller
$65,644

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

Seller’s Loan History

Lender

Kind Lending Llc

Loan start date

January 2024

Original loan amount

$188,000

Est. remaining balance

$187,264

Interest rate

7.29%

Loan type

New Conventional, 30 year

Seller

Marjana Shiroka and Trimon Shiroka

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: 07/04/2024 at 11:40 PM

Listing updated: 05/23/2024 at 2:11 PM

Listed by: Joseph Mattia, EXP Realty Phone #: (248) 864-2200

MLS: Realcomp #20240011354

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