tomo logo

$419,900

Beds
3
Baths
1.5
sq ft
1,414

5920 Lyons Hwy, Adrian, MI 49221

5920 Lyons Hwy

Madison Twp, MI 49221

  • 11 days on market
Welcome to this beautifully updated 3-BR, 1.5-BA home situated on a sprawling 7.5-acre lot. A true retreat, featuring a stunning pond & expansive outdoor space that's perfect for entertaining, or simply enjoying the serene surroundings. Step inside to find a home that has been meticulously cared for, boasting numerous upgrades including fresh paint, new flooring, updated bathrooms, new carpet in all bedrooms, and the addition of recessed lighting T/O. The partially finished basement adds tremendous living space, featuring 2 bonus rooms, a second living area, fireplace, and brand-new ductwork T/O. A few additional updates include new electric, sump pump, & outdoor fencing. The updated pole barn is a standout with a new furnace, AC, & plenty of room to play.

Details

Property type

Single Family Residence

Est. home value

$394,630

Lot size

7.46 acres

Price per sq ft

$297

Year built

1967

Annual property taxes

$2,079

Price History

10/25/2024
Realcomp

Realcomp #81024056355

Listed
$419,900
+4.98%
11/01/2023
Realcomp

Realcomp #56050122966

Sold
$400,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Sand Creek

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

$69,447
Asking price
$419,900
Closing costs (~8% of asking)
-$33,592
Est. remaining loan balance
-$316,861
Cash to seller
$69,447

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 Llc

Loan start date

November 2023

Original loan amount

$320,000

Est. remaining balance

$316,861

Interest rate

7.18%

Loan type

New Conventional, 30 year

Seller

Bobby Hoyle and Tracy Hoyle

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: 11/05/2024 at 6:40 PM

Listing updated: 11/02/2024 at 2:15 PM

Listed by: Jeff Glover, Phone #: (734) 459-4700

MLS: Realcomp #81024056355

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