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$1,185,000

Beds
3
Baths
1.5
sq ft
2,865

58191 8 Mile Rd, Northville, MI 48167

58191 8 Mile Rd

Salem Twp, MI 48167

  • 123 days on market
    • Price drop $165,000↓
Discover an exceptional opportunity in sought after Northville/Salem! This parcel offers the perfect canvas for your dream home or development. The opportunities are endless for this 38 +/- acre Equestrian Estate! The farmhouse has been remodeled in 2023 with new roof, siding, windows, kitchen, dining and living room. 9,000 sq ft indoor arena with bathroom, observation room and 3 tack rooms. 7 fenced pastures. Great for hosting special events. Turn it into a farm to table restaurant or a horse rescue. Can be split/subdivided (660 ft development frontage). A terrific real estate investment or the homestead of your dreams! The sky is the limit! Urban convenience meets rural tranquility. Conveniently located with access to major freeways and shops, right down the road from Maybury State Park. Lot dimensions are estimated BATVAI.

Details

Property type

Single Family Residence

Est. home value

$1,211,996

Lot size

37.87 acres

Price per sq ft

$414

Year built

1965

Annual property taxes

$6,686

Price History

09/12/2024
Realcomp

Realcomp #20240053053

Price change
$1,185,000
-12.22%
07/22/2024
Realcomp

Realcomp #20240053053

Listed
$1,350,000
-10%
06/11/2024
Realcomp

Realcomp #20230096780

Removed
$1,500,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

South Lyon

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Republic Bank

Loan start date

July 2006

Original loan amount

$450,000

Est. remaining balance

Not provided

Interest rate

7.5%

Loan type

Not Provided, 30 year

Seller

Gael R Wallace

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: 11/22/2024 at 8:25 PM

Listing updated: 09/26/2024 at 11:31 AM

Listed by: Lynn G Miller, Prestige Realty International Phone #: (734) 710-9990

MLS: Realcomp #20240053053

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