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$2,873,995

Beds
7
Baths
7.0
sq ft
7,080

745 Wallace St, Birmingham, MI 48009

745 Wallace St

Birmingham, MI 48009

  • 61 days on market
    • Price drop $51,005↓
$299 PER SQUARE FOOT! HIDDEN IN DOWNTOWN BIRMINGHAM, THIS CUSTOM-BUILT CROWN JEWEL OFFERS UNMATCHED SPACE, PRIVACY, AND LUXURY. DESIGNED FOR A ROYAL FAMILY, MULTI-GENERATIONAL LIVING OR LIVE-IN HELP, IT COMBINES MODERN STYLE WITH TIMELESS ELEGANCE. THE 2024 BLUESTONE DECK AND PATIO, FRAMED BY LUSH ARBORVITAE AND A SANDY VINYL FENCE CREATES A PRIVATE OUTDOOR HAVEN FOR GATHERINGS OR QUIET MOMENTS. THE HOME’S EXTERIOR CAPTIVATES WITH A STONE-BRICK FACADE, SLATE-STYLE ROOF, COPPER TURRET, AND PATINA GUTTERS. A GRAND BLUESTONE FRONT PATIO WELCOMES GUESTS TO A RESIDENCE FILLED WITH EXQUISITE MILLWORK, UPGRADED CASINGS, AND ORNATE DETAILS. A THREE-STORY ELEVATOR ENSURES MODERN CONVENIENCE, WHILE THE SWEEPING STAIRCASE ADDS CLASSIC CHARM. THE CHEF’S KITCHEN IS A CENTERPIECE OF CULINARY EXCELLENCE, FEATURING FOUR OVENS, TAJ MAHAL QUARTZITE COUNTERTOPS, SCHROCK CUSTOM CABINETRY, A LARGE ISLAND, AND EAT-IN DINING. MICHIGAN WALNUT HARDWOOD FLOORS, CROWN MOLDING, AND FOUR FIREPLACES ADD WARMTH AND SOPHISTICATION THROUGHOUT. THE PRIMARY EN SUITE (1 OF 6) IS A PRIVATE RETREAT WITH ITS OWN FIREPLACE, DUAL WALK-IN CLOSETS, AND A SPA-INPIRED STEAM SHOWER. THE THIRD FLOOR OFFERS A SELF-CONTAINED AU PAIR/IN-LAW SUITE WITH A LIVING AREA, KITCHENETTE, TWO BEDROOMS, AND A FULL BATH. THE FINISHED LOWER LEVEL IS BUILT FOR ENTERTAINING, WITH A DANCE FLOOR, FULL KITCHEN, BEDROOM, AND BATH. A HEATED THREE-CAR GARAGE AND GENERATOR PROVIDES YEAR-ROUND COMFORT AND SECURITY. AT $299 PER SQUARE FOOT, THIS HOME DELIVERS LUXURY, STYLE, AND SOPHISTICATION AT AN INCREDIBLE VALUE!

Details

Property type

Single Family Residence

Est. home value

$2,139,186

Lot size

9,148 sq ft

Price per sq ft

$406

Year built

2001

Annual property taxes

$32,539

Price History

01/02/2025
Realcomp

Realcomp #20240087964

Price change
$2,873,995
-1.74%
12/06/2024
Realcomp

Realcomp #20240087964

Price change
$2,925,000
-0.85%
11/22/2024
Realcomp

Realcomp #20240087964

Listed
$2,950,000
-1.5%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Birmingham

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

$1,316,944
Asking price
$2,873,995
Closing costs (~8% of asking)
-$229,920
Est. remaining loan balance
-$1,327,131
Cash to seller
$1,316,944

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

January 2024

Original loan amount

$1,340,000

Est. remaining balance

$1,327,131

Interest rate

7.29%

Loan type

New Conventional, 30 year

Seller

Dana Weeks Jr

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: 01/22/2025 at 11:50 AM

Listing updated: 01/10/2025 at 10:35 AM

Listed by: Sarah Skousen, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240087964

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