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$288,500

Beds
3
Baths
1.5
sq ft
2,436

54 Hovey St, Oxford, MI 48371

54 Hovey St

Oxford, MI 48371

  • 54 days on market
    • Price drop $5,000↓
Hurry! Buyer lost his job. Inspection already completed and sellers have found new home. Absolutely the cutest house you will find for under $300K that is move-in ready! The house is perfect with everything done from top to bottom. Pictures do not provide the wow factor of the recently finished basement with an amazing family room and a new bathroom. The fabulous location within the village makes it easy to walk to restaurants, the library, parks and the Polly Ann trail. All new windows in November 2023. Furnace, water heater, a/c compressor, siding and exterior doors are new within the last 9 years.

Details

Property type

Single Family Residence

Est. home value

$256,711

Lot size

6,534 sq ft

Price per sq ft

$119

Year built

1940

Annual property taxes

$4,163

Price History

09/07/2024
MiRealSource

MiRealSource #50150086

Listed
$288,500
09/02/2024
MiRealSource

MiRealSource #50150086

Pending
$288,500
08/19/2024
MiRealSource

MiRealSource #50150086

Price change
$288,500
-1.7%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Oxford Area Comm School District

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

$92,472
Asking price
$288,500
Closing costs (~8% of asking)
-$23,080
Est. remaining loan balance
-$172,948
Cash to seller
$92,472

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

Seller’s Loan History

Lender

The Anderson Financial Group Inc

Loan start date

September 2019

Original loan amount

$192,000

Est. remaining balance

$172,948

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Haley Zemmer

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: 09/19/2024 at 5:40 AM

Listing updated: 09/07/2024 at 12:52 PM

Listed by: Terri Santavicca-Hughes, Macomb Metro Realty, Inc. Phone #: (586) 438-3038

MLS: MiRealSource #50150086

MiRealSource logo

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