tomo logo

$450,000

Beds
4
Baths
2.5
sq ft
2,205

5797 Patterson Dr, Troy, MI 48085

5797 Patterson Dr

TroyCity_Oakland, MI 48085

    4 bedroom 2 1/2 bath quad level in Stoneridge sub with Troy schools. Nice layout, nice updates, great neighborhood. This home has newer roof, central air, newer furnace, pella windows, kitchen has oak cabinets, granite countertops, lower level family room has fireplace and wet bar, first floor laundry and includes all appliances.

    Details

    Property type

    Single Family Residence

    Est. home value

    $394,652

    Lot size

    8,276 sq ft

    Price per sq ft

    $205

    Year built

    1976

    Annual property taxes

    $9,357

    HOA

    No

    Price History

    03/27/2025
    Realcomp

    Realcomp #20250014807

    Removed
    $450,000
    03/10/2025
    Realcomp

    Realcomp #20250014807

    Listed
    $450,000
    03/01/2025
    Realcomp

    Realcomp #20240092664

    Removed
    $450,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    Troy

    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

    $132,780
    Asking price
    $450,000
    Closing costs (~8% of asking)
    -$36,000
    Est. remaining loan balance
    -$281,220
    Cash to seller
    $132,780

    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

    December 2022

    Original loan amount

    $288,000

    Est. remaining balance

    $281,220

    Interest rate

    7.08%

    Loan type

    New Conventional, 30 year

    Seller

    Ravichandran Gurusamy and Kalaivani Anga Muthu

    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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    Tomo last checked: 04/02/2025 at 9:25 AM

    Listing updated: 03/27/2025 at 9:25 AM

    Listed by: Lyle G Schaefer, NHL Real Estate Phone #: (248) 415-5514

    MLS: Realcomp #20250014807

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