tomo logo

$349,000

Beds
5
Baths
1.5
sq ft
1,816

68491 S Main St, Richmond, MI 48062

68491 S Main St

Richmond, MI 48062

  • 45 days on market
Stunning 5 bedroom home on a large fenced in property loaded with historical features and character. Many updates have been done throughout without disrupting the integrity of the home. Original trim work throughout. Kitchen cabinets have been professionally painted and butcher block countertops installed along with newer stainless steel appliances. The hardwood floors have been restored back to their original glory. Recently updated radiant heat system allows for lower heating costs. Enjoy additional living space in the finished basement with 8 foot ceiling height and walkup access to the yard. Huge panoramic front porch perfect for entertaining and watching the parades. 2-car garage and tons of storage. The fabulous location of this home could lend itself to various multiuse ideas (hair salon, real estate offices, etc). Seller is offering an ASSUMABLE MORTGAGE at 2.99%. You wont see that rate again. Step back in time and come see this gorgeous home.

Details

Property type

Single Family Residence

Est. home value

$286,091

Lot size

0.29 acres

Price per sq ft

$193

Year built

1918

Annual property taxes

$5,135

Price History

10/07/2024
Realcomp

Realcomp #20240075829

Listed
$349,000
+51.74%
01/08/2021
Realcomp

Realcomp #58050029526

Sold
$230,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Richmond

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

$114,930
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$206,150
Cash to seller
$114,930

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

Seller’s Loan History

Lender

Platinum Home Mortgage Corp

Loan start date

January 2021

Original loan amount

$225,834

Est. remaining balance

$206,150

Interest rate

2.72%

Loan type

FHA, 30 year

Seller

Anthony S Orlando and Cheryl L Orlando

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?

Similar Homes Nearby

Price drop
Realcomp
$399,000
5 bd
|
2 ba
|
2,131 sq ft
|
House

27600 25 Mile Rd, Chesterfield, MI 48051

Price drop
Realcomp
$400,000
5 bd
|
2.5 ba
|
3,632 sq ft
|
House

35523 Woodside Dr, Richmond, MI 48062

Price drop
Realcomp
$300,000
3 bd
|
1.5 ba
|
1,940 sq ft
|
House

34736 Shorewood St, Chesterfield, MI 48047

Status: Active

Tomo last checked: 11/22/2024 at 9:50 AM

Listing updated: 10/18/2024 at 3:00 PM

Listed by: Chris Anderson, Bottom Line Real Estate Phone #: (248) 515-5782

MLS: Realcomp #20240075829

Realcomp logo

Recently listed in Richmond

$170,000|2 bd|2.5 ba|Condo
$180,000|2 bd|1.0 ba|House
$234,899|3 bd|1.5 ba|House
$304,000|3 bd|2.5 ba|House
$234,900|2 bd|1.0 ba|House
$515,000|4 bd|3.0 ba|House
$199,900|2 bd|2.5 ba|Townhouse
$349,000|5 bd|1.5 ba|House
$519,900|4 bd|2.5 ba|House
$519,900|4 bd|2.5 ba|House