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$294,000

Beds
3
Baths
1.0
sq ft
1,530

581 Spencer St, Ferndale, MI 48220

581 Spencer St

Ferndale, MI 48220

  • 15 days on market
    • Price drop $13,000↓
Welcome Home! This sizable classic Ferndale bungalow has plenty of charm inside and out. Relax on the covered front porch or entertain company on the oversized back deck. Beautifully refinished hardwood floors throughout the living area and upstairs. It features a large kitchen with updated flooring, huge island with additional counter-space, a sliding glass door to the back deck that overlooks the fenced-in backyard. The large bathroom has a jetted tub, double sinks, and a standing shower. This friendly, neighborhood street is just a short distant to all downtown has to offer with shopping, dining, and entertainment. Don't miss this opportunity.

Details

Property type

Single Family Residence

Est. home value

$266,933

Lot size

4,356 sq ft

Price per sq ft

$193

Year built

1916

Annual property taxes

$4,557

Price History

09/11/2024
Realcomp

Realcomp #20240065440

Price change
$294,000
-4.23%
09/03/2024
Realcomp

Realcomp #20240065440

Listed
$307,000
+35.84%
12/09/2020
Realcomp

Realcomp #2200086763

Sold
$226,000

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

$63,497
Asking price
$294,000
Closing costs (~8% of asking)
-$23,520
Est. remaining loan balance
-$206,983
Cash to seller
$63,497

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

Seller’s Loan History

Lender

Community Financial Cu

Loan start date

December 2020

Original loan amount

$226,000

Est. remaining balance

$206,983

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Brian Bielskis

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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Price drop
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639 E Hazelhurst St, Ferndale, MI 48220

Status: Active

Tomo last checked: 09/19/2024 at 4:55 AM

Listing updated: 09/14/2024 at 2:22 PM

Listed by: Shane Wilson, DOBI Real Estate Phone #: (248) 385-3350

MLS: Realcomp #20240065440

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