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$632,486Estimated home value

Beds
4
Baths
3.5
sq ft
3,216

61161 Palomino Ct, South Lyon, MI 48178

61161 Palomino Ct

Lyon Twp, MI 48178

  • Sold On 8/13/2024
    • Price drop $20,100↓
Prime location on a cul-de-sac, premium oversized lot backing to woods. Great curb appeal with upgraded elevation of stone & brick. Open floor plan with hardwood flooring. 9 ft ceilings on 1st floor with great office space, formal dining room, 1st floor laundry, large kitchen and family room. Spacious primary bedroom with tray ceiling. Jack & Jill bath offers access to 2 bedrooms and 4 bedroom has additional bath. Extra deep basement with garden windows and prepped for future bath. Subdivision offers community Pool and Clubhouse. Price reflects the need for deck replacement and flooring. This is a great opportunity to build some sweat Equity!!! Lyon Township taxes yet close to town to enjoy all South Lyon has to offer. Check out the Matterport tour!!

Details

Property type

Single Family Residence

Est. home value

$632,486

Lot size

0.39 acres

Price per sq ft

$187

Year built

2006

Annual property taxes

$6,987

Monthly HOA fee

$66.67

Price History

08/09/2024
Realcomp

Realcomp #20240034574

Sold
$555,000
-7.48%
07/29/2024
Realcomp

Realcomp #20240034574

Pending
$599,900
06/25/2024
Realcomp

Realcomp #20240034574

Price change
$599,900
-3.24%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

South Lyon

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

$218,463
Asking price
$599,900
Closing costs (~8% of asking)
-$47,992
Est. remaining loan balance
-$333,445
Cash to seller
$218,463

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

April 2021

Original loan amount

$360,000

Est. remaining balance

$333,445

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Robert Weber and Lindsey Weber

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: Off Market

Tomo last checked: 10/05/2024 at 8:00 PM

Listing updated: 08/13/2024 at 5:08 PM

Listed by: Gayle Henderson, Real Estate One-South Lyon Phone #: (248) 437-3800

MLS: Realcomp #20240034574

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