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$324,900

Beds
3
Baths
2.0
sq ft
1,200

714 E 12 Mile Rd, Royal Oak, MI 48073

714 E 12 Mile Rd

Royal Oak, MI 48073

  • 13 days on market
Charming bungalow conveniently located to I-75. If you are looking for a great space to make your own there are plenty of options here. Upstairs area could be a master or a studio for yoga or art. Basement has finished area perfect to set up an office. Main floor laundry or basement laundry you decide. Located near Cody Park.

Details

Property type

Single Family Residence

Est. home value

$279,037

Lot size

4,356 sq ft

Price per sq ft

$271

Year built

1946

Annual property taxes

$4,085

Price History

06/19/2024
Realcomp

Realcomp #20240043311

Listed
$324,900
+18.15%
08/11/2023
Realcomp

Realcomp #20230049736

Sold
$275,000
+99.28%
11/27/2013
Realcomp

Realcomp #58031164890

Sold
$138,000

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

$34,550
Asking price
$324,900
Closing costs (~8% of asking)
-$25,992
Est. remaining loan balance
-$264,358
Cash to seller
$34,550

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

August 2023

Original loan amount

$266,750

Est. remaining balance

$264,358

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Madison Dewet

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 7:20 PM

Listing updated: 06/22/2024 at 6:03 AM

Listed by: Krista R Gudith, Berkshire Hathaway HomeServices Michigan Real Est Phone #: (248) 625-5700

MLS: Realcomp #20240043311

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