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$179,900

Beds
3
Baths
1.0
sq ft
910

564 Spencer St, Ferndale, MI 48220

564 Spencer St

Ferndale, MI 48220

  • Coming soon
    • Open house Nov 16
Welcome home to your little slice of heaven in the heart of Ferndale. Close to everything. This home features 3 bedrooms and 1 bath including hardwood floors throughout the main floor. Newer updated Kitchen including newer laminate flooring. The 3rd bedroom in the bungalow is on the 2nd level featuring a walk -in closet and separate seating area. Roof, furnace, hot water heater, new electrical panel are some of the updates in the last 10 years. Fenced in backyard with a rubbermaid shed offer a place for storage for all your lawnmower and outdoor furniture. Seller may need 30-45 days of occupancy after closing. Schedule your showing now this one won't last long.

Details

Property type

Single Family Residence

Est. home value

$223,953

Lot size

3,920 sq ft

Price per sq ft

$198

Year built

1941

Annual property taxes

$5,083

Price History

10/20/2022
Realcomp

Realcomp #20221038930

Sold
$190,000
+24.26%
11/01/2017
Realcomp

Realcomp #217068172

Sold
$152,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ferndale

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

-$10,133
Asking price
$179,900
Closing costs (~8% of asking)
-$14,392
Est. remaining loan balance
-$175,641
Cash to seller
-$10,133

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

October 2022

Original loan amount

$180,500

Est. remaining balance

$175,641

Interest rate

5.66%

Loan type

New Conventional, 30 year

Seller

Murphy Lynn Hammer and Danielle Hammer

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?

Status: Coming Soon

Tomo last checked: 11/13/2024 at 11:00 PM

Listing updated: 11/12/2024 at 1:45 PM

Listed by: Corey Welch, eXp Realty LLC in Monroe Phone #: (734) 244-5605

MLS: Realcomp #57050160750

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