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$568,613Estimated home value

Beds
5
Baths
3.5
sq ft
2,623

6723 Locust Dr, Troy, MI 48098

6723 Locust Dr

Troy, MI 48098

  • Sold On 9/18/2024
    • Price drop $15,000↓
25K price reduction! Exceptional, completely updated north Troy residence with rare five bedrooms on almost 3/4 of an acre park-like lot at the end of cul de sac in sought after Forest Creek Subdivision. There is nothing like this on the market. Very open floor plan ideal for every day living and entertaining. Light and airy interior with nice transition outdoors to expansive deck off family room. Primary suite has generous closet space and thoughtfully updated primary bath. Four additional bedrooms share updated full bath. Recently remodeled lower level adds another potential 1300 square feet of living space and a full bath. Currently it is set up as a home gym and playroom but it has the flexibility and nice high ceilings to be whatever you want it to be. The location of this property is second to none...close to all major thoroughfares...and the subdivision is across the street to the south from the 18 hole public Pine Trace Golf Club and to east from City of Troy Stage Nature Center with two miles of wooded walking trails open year round. Adjacent to the subdivision to the south is the City of Troy Firefighters Park. Recent updates include (2021) both furnace and AC units, rod holes in basement evaluated and plugged as necessary new gutter and downspout system, chimney caps, back up sump pump, carpeting in back bedrooms (2022) new concrete around perimeter of home, restored sprinkler system (2023) gutted basement down to studs...new drywall, lighting, bathroom, flooring, fixtures, doors, and upgraded electrical to 220 amp panel. There is tremendous value and further upside investment potential in this property.

Details

Property type

Single Family Residence

Est. home value

$568,613

Lot size

0.71 acres

Price per sq ft

$239

Year built

1984

Annual property taxes

$6,510

Monthly HOA fee

$8.08

Price History

09/17/2024
Realcomp

Realcomp #20240047940

Sold
$572,500
-8.39%
09/12/2024
Realcomp

Realcomp #20240047940

Pending
$624,900
08/19/2024
Realcomp

Realcomp #20240047940

Price change
$624,900
-2.34%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Avondale

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

$182,774
Asking price
$624,900
Closing costs (~8% of asking)
-$49,992
Est. remaining loan balance
-$392,134
Cash to seller
$182,774

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

Seller’s Loan History

Lender

Primelending

Loan start date

May 2021

Original loan amount

$423,000

Est. remaining balance

$392,134

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Daniel Faett and Amber Marie Booth

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: Off Market

Tomo last checked: 10/05/2024 at 7:25 PM

Listing updated: 09/18/2024 at 4:54 PM

Listed by: Todd N Zachary, Signature Sotheby's International Realty Bham Phone #: (248) 644-7000

MLS: Realcomp #20240047940

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