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$2,925,000

Beds
7
Baths
7.0
sq ft
7,080

745 Wallace St, Birmingham, MI 48009

745 Wallace St

Birmingham, MI 48009

  • 29 days on market
    • Price drop $25,000↓
REDUCED! NESTLED IN THE HEART OF DOWNTOWN BIRMINGHAM, WITH A FRESHLY COMPLETED BACKYARD MAKEOVER THAT BOASTS A STUNNING CUSTOM BLUESTONE DECK AND PATIO, LUSH ARBORVITAES LINING THE YARD FOR MAXIMUM PRIVACY, AND NEW SANDSTONE VINYL FENCING. THIS SERENE DESIGN IS PERFECT FOR ENTERTAINING. THIS ENTERTAINER'S PARADISE BOASTS 6 LUXURIOUS BEDROOM SUITES AND A WEALTH OF CAPTIVATING FEATURES. UPON ARRIVAL YOU'RE GREETED BY A BRAND NEW SLATE-STYLE ROOF COUPLED WITH A SHOW STOPPING COPPER TURRET. THIS ILLUMINATES THE STONE-BRICK FACADE, EXPANSIVE BLUE STONE FRONT PATIO AND LUSH GROUNDS; THIS HOME IS A TRUE SANCTUARY OF ELEGANCE AND COMFORT. THE WELCOMING GRAND FOYER, WHERE TIMELESS CHARM MEETS MODERN LUXURY, CLIMBS THREE SUN FLOODED STORIES. ASCEND THE SWEEPING STAIRCASE OR EFFORTLESSLY GLIDE UP VIA THE CONVENIENT ELEVATOR. DISCOVER A COZY OFFICE RETREAT ADORNED WITH A GAS FIREPLACE, CUSTOM BUILT-INS AND FRENCH DOORS TO BLUE STONE PATIO.THE HEART OF THE HOME, A CHEF'S KITCHEN FIT FOR CULINARY EXCELLENCE, FEATURES FOUR OVENS, TAJ MAHAL QUARTZITE COUNTERTOPS, AND SCHROCK CUSTOM CABINETS. ENJOY CASUAL MEALS IN THE SPACIOUS EAT-IN KITCHEN OR HOST GRAND GATHERINGS IN THE FORMAL DINING ROOM. THE ADJACENT FAMILY ROOM OFFERS A COZY AMBIANCE WITH ITS OWN FIREPLACE AND ELEGANT CROWN MOLDING. HIGH CEILINGS, SOLID MICHIGAN WALNUT HARDWOOD FLOORS, AND EXQUISITE ARCHITECTURAL TOUCHES ACCENTUATE THE OPEN LIVING AND ENTERTAINING SPACES, WHICH ARE WARMED BY FOUR INVITING FIREPLACES THROUGHOUT. CONVENIENCE IS KEY WITH A LARGE MUDROOM BOASTING AMPLE STORAGE AND A WALK-IN CLOSET. RETREAT TO THE PALATIAL PRIMARY SUITE, COMPLETE WITH FIREPLACE, DUAL WALK-IN CLOSETS, A REJUVENATING STEAM SHOWER. THE THIRD-FLOOR AU PAIR/IN-LAW SUITE PROVIDES A PRIVATE OASIS WITH ITS OWN LIVING AREA, KITCHENETTE, TWO BEDROOMS, AND A FULL BATH. ENTERTAIN IN STYLE IN THE EXPANSIVE LOWER LEVEL, FEATURING A LARGE FINISHED AREA WITH A DANCE FLOOR, FULL KITCHEN, AN ADDITIONAL BEDROOM WITH FULL BATH INSIDE. HEATED THREE-CAR GARAGE.

Details

Property type

Single Family Residence

Est. home value

$2,139,186

Lot size

9,148 sq ft

Price per sq ft

$414

Year built

2001

Annual property taxes

$32,539

Price History

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%
10/11/2024
Realcomp

Realcomp #20240071521

Removed
$2,995,000
-0.13%

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

$1,362,760
Asking price
$2,925,000
Closing costs (~8% of asking)
-$234,000
Est. remaining loan balance
-$1,328,240
Cash to seller
$1,362,760

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

$1,328,240

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: 12/22/2024 at 5:05 AM

Listing updated: 12/07/2024 at 10:25 AM

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

MLS: Realcomp #20240087964

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