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$505,000

Beds
4
Baths
2.5
sq ft
2,542

703 Lake Ridge Rd, Rochester Hills, MI 48307

703 Lake Ridge Rd

Rochester Hills, MI 48307

  • 23 days on market
Welcome to the Rochester Hills Community with this upscale designed home close to all Rochester Hills offers. Conveniently located with easy access to the freeway for an up north getaway or head downtown to Rochester’s numerous shopping and dinning experiences for a great time on the town.This elegant home, in a beautiful wooded neighborhood, is truly one you will be proud to call your home. Some of the highlights of this home include: Great curb appeal, backing up to a serene nature preserve. Majestic 9-foot ceiling downstairs with open flowing floor plan. Two-story foyer with hardwood flooring. Spacious kitchen, with granite counters, overflowing into the family room and large deck - perfect for entertaining. New easy maintenance, long-lasting fiber cement exterior siding and fiberglass roof. Freshly painted interior in the latest color pallets along with many recent fixture upgrades. Roomy master bedroom with walk in closet and deluxe soaking tub. There is so much more to see and experience during your visit to 703 Lake Ridge. We are looking forward to your visit and hope to have you join us as the latest new homeowner in this fabulous Rochester Hills Community.

Details

Property type

Single Family Residence

Est. home value

$485,553

Lot size

9,583 sq ft

Price per sq ft

$199

Year built

1995

Annual property taxes

$7,499

Monthly HOA fee

$14.58

Price History

06/08/2024
Realcomp

Realcomp #20240040262

Listed
$505,000

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

$282,589
Asking price
$505,000
Closing costs (~8% of asking)
-$40,400
Est. remaining loan balance
-$182,011
Cash to seller
$282,589

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

July 2013

Original loan amount

$240,000

Est. remaining balance

$182,011

Interest rate

3.81%

Loan type

New Conventional, 30 year

Seller

Mary A Cheng and Wesley Pittman

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: Active

Tomo last checked: 07/02/2024 at 7:10 PM

Listing updated: 06/13/2024 at 2:54 PM

Listed by: Cynthia J Wright, Parker Wright Real Estate Group Phone #: (248) 805-2808

MLS: Realcomp #20240040262

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