tomo logo

$575,000

Beds
4
Baths
3.0
sq ft
2,288

553 E Michigan Ave, Fresno, CA 93704

553 E Michigan Ave

Fresno, CA 93704

  • 31 days on market
    • Price drop $24,000↓
Welcome to 553 E Michigan Ave., an impeccably preserved and updated home in the charming Fresno High community, just off Van Ness Blvd. This property perfectly blends vintage charm with modern upgrades, creating an inviting atmosphere. The main house offers 3 spacious bedrooms and 2 bathrooms. The family room, featuring a wood-burning fireplace, is filled with natural light, perfect for relaxation. Freshly painted inside and out with stylish colors, the home includes dual-pane windows and has been fully rewired for peace of mind. A detached studio apartment, complete with a bedroom, bathroom, and kitchen, provides great potential for rental income or guest accommodations.The courtyard serves as a tranquil space for relaxation, and the low-maintenance landscaping adds convenience. The expansive primary suite stands out with its abundant natural light, ample closet space, and a bathroom featuring vintage tile. Ample storage is available throughout the home, thanks to upgraded closets and original built-ins that add both charm and functionality.This delightful property offers the perfect blend of comfort, style, and charm in one of Fresno's most desirable neighborhoods. Don't miss out on this exceptional opportunity!

Details

Property type

Single Family Residence

Est. home value

$449,709

Lot size

5,001 sq ft

Price per sq ft

$252

Year built

1940

Price History

11/01/2024
FresnoMLS

FresnoMLS #620570

Price change
$575,000
-4.01%
10/24/2024
FresnoMLS

FresnoMLS #620570

Listed
$599,000
+64.11%
11/24/2021
FresnoMLS

FresnoMLS #567856

Sold
$365,000

Schools & Community

Neighborhood: 

Fresno High Roeding

Elementary school: 

Hamilton

Middle school: 

Hamilton

High school: 

Fresno

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

$222,770
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$306,230
Cash to seller
$222,770

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

October 2021

Original loan amount

$328,500

Est. remaining balance

$306,230

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Jameson Henkle

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: 11/24/2024 at 6:45 AM

Listing updated: 11/01/2024 at 7:20 PM

Listed by: Melissa F. Blake, Realty Concepts, Ltd. - Fresno

MLS: FresnoMLS #620570

FresnoMLS logo

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