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$244,900

Beds
3
Baths
1.0
sq ft
900

565 E Drayton St, Ferndale, MI 48220

565 E Drayton St

Ferndale, MI 48220

  • 35 days on market
    • Price drop $4,100↓
Ready to move in , remodeled bath 2024, new roof 2024, new central air compressor and coil 2022, split unit heat and air 2017, Granite kitchen counters, all appliances since 2017, GE washer and dryer full size stacked, Amana Microwave and dish washer, Gos oven . entire home and garage vinyl sided, replaced main sewer drain 2022,hot water heater 2018. bath 2024, carpet 2024 walk to woodward and all it has to offer, University High School 1 block down the street. Highly sought after area adjacent to royal aok Public transportation to detroit. Wayne State University and Detroit Medical center. about 7 miles away. This one should sell pretty quickly.

Details

Property type

Single Family Residence

Est. home value

$178,312

Lot size

4,356 sq ft

Price per sq ft

$273

Year built

1919

Annual property taxes

$2,417

Price History

11/02/2024
Realcomp

Realcomp #20240076928

Price change
$244,900
-1.65%
10/10/2024
Realcomp

Realcomp #20240076928

Listed
$249,000
+192.94%
02/10/2017
Realcomp

Realcomp #216118155

Sold
$85,000

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

$160,280
Asking price
$244,900
Closing costs (~8% of asking)
-$19,592
Est. remaining loan balance
-$65,028
Cash to seller
$160,280

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

Seller’s Loan History

Lender

Van Dyk Mortgage Corp

Loan start date

February 2017

Original loan amount

$76,500

Est. remaining balance

$65,028

Interest rate

4.32%

Loan type

New Conventional, 30 year

Seller

Max H Gilbert and Andrew T Gilbert

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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265 E Drayton St, Ferndale, MI 48220

Status: Active

Tomo last checked: 11/15/2024 at 8:20 AM

Listing updated: 11/10/2024 at 5:20 PM

Listed by: Essam Sackllah, Devonshire Realty Phone #: (248) 347-3800

MLS: Realcomp #20240076928

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