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$196,700

Beds
3
Baths
1.5
sq ft
1,075

7178 Sherwood Ln, Davison, MI 48423

7178 Sherwood Ln

Davison Twp, MI 48423

  • 49 days on market
    • Price drop $10,000↓
This is such an attractive ranch style home with 3 bedrooms and 1.5 bathrooms on a large lot! Home appears to need some cosmetic updates but could be a your next great investment, fix and flip, permanent home or rental! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding

Details

Property type

Single Family Residence

Est. home value

$213,467

Lot size

0.36 acres

Price per sq ft

$183

Year built

1978

Annual property taxes

$3,445

Price History

11/05/2024
Realcomp

Realcomp #20240075075

Price change
$196,700
-4.84%
10/04/2024
Realcomp

Realcomp #20240075075

Listed
$206,700
+44.55%
08/01/2018
Realcomp

Realcomp #218044637

Sold
$143,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Davison

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

$52,678
Asking price
$196,700
Closing costs (~8% of asking)
-$15,736
Est. remaining loan balance
-$128,286
Cash to seller
$52,678

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

Seller’s Loan History

Lender

Cason Home Loans

Loan start date

August 2018

Original loan amount

$144,430

Est. remaining balance

$128,286

Interest rate

4.62%

Loan type

New Conventional, 30 year

Seller

Brian E Stevens

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: 11/22/2024 at 4:45 PM

Listing updated: 11/14/2024 at 2:45 PM

Listed by: Lori A Brown, Realhome Services and Solutions Inc Phone #: (888) 876-3372

MLS: Realcomp #20240075075

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