tomo logo

$450,000

Beds
4
Baths
2.5
sq ft
2,205

5797 Patterson Dr, Troy, MI 48085

5797 Patterson Dr

Troy, MI 48085

  • 5 days on market
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

Price History

12/16/2024
Realcomp

Realcomp #20240092664

Listed
$450,000
+25%
12/28/2022
Realcomp

Realcomp #20221045659

Sold
$360,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$131,706
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$282,294
Cash to seller
$131,706

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

$282,294

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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Status: Active

Tomo last checked: 12/22/2024 at 12:00 AM

Listing updated: 12/19/2024 at 6:05 AM

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

MLS: Realcomp #20240092664

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