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$195,000

Beds
2
Baths
1.0
sq ft
1,024

545 Bancroft St, Imlay City, MI 48444

545 Bancroft St

Imlay City, MI 48444

  • Pending
Welcome to this charming log cabin located in beautiful Imlay City. The large shaded yard has a country feel with convenience of town. This home offers 2 bedrooms with an updated bathroom. The kitchen was updated in 2020 with white quartz countertops, stainless steel appliances and wood-like ceramic flooring. This home has real hardwood floors and the coziness of an up north cabin with a fireplace central to the living room. The partially finished basement features a large wood bar and wood burning fireplace. Laundry is located in the basement with plenty of storage space. The backyard is spacious with a lovely deck, raised flower bed and fenced in yard. Roof replaced 2024.

Details

Property type

Single Family Residence

Est. home value

$203,089

Lot size

9,148 sq ft

Price per sq ft

$191

Year built

1945

Annual property taxes

$5,051

Price History

09/03/2024
Realcomp

Realcomp #20240053017

Pending
$195,000
08/05/2024
Realcomp

Realcomp #20240053017

Listed
$195,000
07/26/2024
Realcomp

Realcomp #20240053017

Pending
$195,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Imlay City

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

$126,762
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$52,638
Cash to seller
$126,762

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

Seller’s Loan History

Lender

Mortgage 1 Inc

Loan start date

December 2020

Original loan amount

$61,081

Est. remaining balance

$52,638

Interest rate

2.81%

Loan type

New Conventional, 21 year

Seller

John R M Messina and Cathy A Messina

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: Pending/Under Contract

Tomo last checked: 09/13/2024 at 2:00 PM

Listing updated: 09/03/2024 at 11:31 AM

Listed by: Kristine McCarty, Keller Williams First Phone #: (810) 515-1503

MLS: Realcomp #20240053017

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