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$475,000

Beds
2
Baths
2.0
sq ft
1,159

551 N Old Woodward Ave, Birmingham, MI 48009

551 N Old Woodward Ave

Birmingham, MI 48009

  • 65 days on market
Downtown Birmingham city living for under 500k, does it get any better? Steps away from everything Birmingham has to offer, this freshly updated 2 bedroom/2 bathroom condo is ready for its next lucky owner. Discover modern comfort in this updated Birmingham condo featuring a sleek kitchen, spacious living areas, and generously large bedrooms. This unit also comes with I PRIVATE I car ATTACHED garage, as well as it's own storage room. Enjoy the convenience of an in-unit laundry room and a prime location near shops and dining. Perfect blend of style and convenience -schedule your tour today!

Details

Property type

Condominium

Est. home value

$407,210

Lot size

Unknown

Price per sq ft

$410

Year built

1966

Annual property taxes

$7,236

Monthly HOA fee

$615

Price History

08/29/2024
Realcomp

Realcomp #20240064601

Listed
$475,000
+18.75%
04/14/2023
Realcomp

Realcomp #20230019106

Sold
$400,000
+8.11%
02/09/2023
Realcomp

Realcomp #20221062404

Sold
$370,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$150,222
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$286,778
Cash to seller
$150,222

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

April 2023

Original loan amount

$291,750

Est. remaining balance

$286,778

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Zachary J Rosenthal and Neil B Rosenthal

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: 11/03/2024 at 9:15 AM

Listing updated: 08/30/2024 at 6:03 AM

Listed by: Jordan Goodman, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240064601

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