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$160,000

Beds
3
Baths
1.0
sq ft
1,055

620 Palmwood Ave, Monroe, MI 48161

620 Palmwood Ave

MonroeCity_Monroe, MI 48161

  • 3 days on market
Welcome to 620 Palmwood Avenue! This charming home features 3 spacious bedrooms and a beautifully updated bathroom, offering modern comfort and style. The property includes a convenient 1.5-car garage, providing ample space for parking and storage. With its inviting layout and thoughtful updates, this home is perfect for anyone looking for a cozy retreat. Newer hot water heater. Call for your private tour today!

Details

Property type

Single Family Residence

Est. home value

$158,307

Lot size

6,534 sq ft

Price per sq ft

$152

Year built

1947

Annual property taxes

$2,475.22

HOA

Yes

Price History

03/31/2025
Realcomp

Realcomp #57050169914

Listed
$160,000
+68.42%
05/20/2016
Realcomp

Realcomp #57021115278

Sold
$95,000

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

$68,202
Asking price
$160,000
Closing costs (~8% of asking)
-$12,800
Est. remaining loan balance
-$78,998
Cash to seller
$68,202

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

September 2021

Original loan amount

$85,738

Est. remaining balance

$78,998

Interest rate

2.77%

Loan type

FHA, 30 year

Seller

Tara Lynn Wood and Michael Alan Wood

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: 04/01/2025 at 1:05 PM

Listing updated: 03/31/2025 at 3:51 AM

Listed by: Corey Welch, eXp Realty LLC in Monroe Phone #: (734) 244-5605

MLS: Realcomp #57050169914

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