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$290,000

Beds
6
Baths
3.5
sq ft
2,316

5815 Elmwood St, Monroe, MI 48161

5815 Elmwood St

MonroeCity_Monroe, MI 48161

  • 5 days on market
Welcome to this beautiful 6-bedroom, 3 and a half-bath home in the heart of Monroe, MI! This spacious residence offers a perfect blend of comfort and charm, featuring a cozy fireplace, stunning hardwood, and new carpet throughout the upper levels. The property also includes a screened-in porch--ideal for relaxing evenings or entertaining guests.The detached 2-car garage will provide ample storage and parking space. The unfinished basement offers endless possibilities for customization, whether you envision a recreation room, home gym, or additional living space.Don't miss this opportunity to own a spacious and inviting home with as many bedrooms as you could ever desire. Schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$245,033

Lot size

0.64 acres

Price per sq ft

$126

Year built

1939

Annual property taxes

$5,718.38

Price History

03/28/2025
Realcomp

Realcomp #81025011565

Listed
$290,000
+0.03%
10/01/2024
Realcomp

Realcomp #57050139897

Removed
$289,900
07/07/2024
Realcomp

Realcomp #57050139897

Price change
$289,900
-3.33%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Monroe

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

$26,880
Asking price
$290,000
Closing costs (~8% of asking)
-$23,200
Est. remaining loan balance
-$239,920
Cash to seller
$26,880

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

Seller’s Loan History

Lender

Ross Mortgage Corp

Loan start date

May 2023

Original loan amount

$245,160

Est. remaining balance

$239,920

Interest rate

6.42%

Loan type

VA, 30 year

Seller

Michael Mcclellan

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: Active

Tomo last checked: 03/30/2025 at 7:05 PM

Listing updated: 03/28/2025 at 4:21 AM

Listed by: Charles Cook, Household Real Estate, LLC. Phone #: (586) 573-0300

MLS: Realcomp #81025011565

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