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$474,900

Beds
2
Baths
2.5
sq ft
1,238

626 W 11 Mile Rd, Royal Oak, MI 48067

626 W 11 Mile Rd

Royal Oak, MI 48067

  • 15 days on market
LIKE NEW!!! The Lofts @ 11 in Downtown Royal // A fantastic luxury loft development offering a contemporary urban living experience with top-of-the-line finishes and modern amenities. Ideal Location // being close to dining, nightlife, shopping, and expressways. Several attractive features such as stainless steel staircases, imported Luxe Alvic dove-tail cabinets, halogen lighting, ceramic tile designed to replicate wood grain, Kitchen Aid appliances, natural granite countertops, brick exterior, Lennox furnace and AC units, Moen faucets, sliding barn doors, subway tile, and much, much more. Come take a look! Open House // Broker Open 11-1p Tuesday, June 18th MIMOSAS AND LUNCH WILL BE PRESENTED

Details

Property type

Condominium

Est. home value

$427,520

Lot size

Unknown

Price per sq ft

$384

Year built

2014

Annual property taxes

$7,376

Monthly HOA fee

$150

Price History

06/17/2024
Realcomp

Realcomp #20240042737

Listed
$474,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$211,814
Asking price
$474,900
Closing costs (~8% of asking)
-$37,992
Est. remaining loan balance
-$225,094
Cash to seller
$211,814

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2023

Original loan amount

$228,000

Est. remaining balance

$225,094

Interest rate

6.65%

Loan type

New Conventional, 30 year

Seller

Michael R Schudlich

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: 07/02/2024 at 6:50 PM

Listing updated: 06/26/2024 at 8:13 AM

Listed by: Stephanie Montour, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240042737

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