tomo logo

$425,000

Beds
8
Baths
4.0
sq ft
3,343

74645 Burk St, Armada, MI 48005

74645 Burk St

Armada Vlg, MI 48005

  • 160 days on market
    • Price drop $25,000↓
Explore this breathtaking and spacious multi-family home located on a half acre lot in the heart of Armada. This meticulously cared-for residence features 8 bedrooms, offering plenty of room for everyone, including a convenient mother-in-law suite on the first floor. Designed for ultimate comfort and flexibility, it boasts 3 kitchens and 4 full bathrooms, making it perfect for hosting large gatherings. Experience outdoor living at its best with a lovely wrap-around porch, an expansive deck, and a brand-new wooden deck, ideal for entertaining. The generous backyard is well-kept and enclosed by a 6-foot wooden fence for added privacy, featuring two key access doors, in-ground electrical setups for a pool or patio, a fire pit, and three mature trees. The beautifully manicured front yard is adorned with mature pine trees, a variety of plants and flowers, and a garden shed for organization. For those needing additional space, the property includes a 2,000 sq. ft. workshop equipped with a cement floor, a new flat roof, updated electrical systems, and two offices. The workshop also features a chimney for a stove, new gutters, four ceiling fans, ample storage shelves, and a two-car garage door – perfect for vehicle storage. This home beautifully blends elegance with functionality, providing comfort and convenience in a prime location. Don't miss the opportunity to make it your own!!

Details

Property type

Single Family Residence

Est. home value

$308,761

Lot size

0.95 acres

Price per sq ft

$128

Year built

1900

Annual property taxes

$4,020

Price History

01/20/2025
Realcomp

Realcomp #20240060703

Price change
$425,000
-5.56%
08/15/2024
Realcomp

Realcomp #20240060703

Listed
$450,000
+104.64%
04/15/2020
MiRealSource

MiRealSource #31372649

Sold
$219,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Armada

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

$270,100
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$120,900
Cash to seller
$270,100

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

September 2023

Original loan amount

$125,000

Est. remaining balance

$120,900

Interest rate

6.81%

Loan type

New Conventional, 20 year

Seller

Joseph E Thayer

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: 01/23/2025 at 12:50 AM

Listing updated: 01/20/2025 at 1:44 PM

Listed by: Lynn Wilhelm, Century 21 Professionals Phone #: (248) 652-7700

MLS: Realcomp #20240060703

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