tomo logo

$119,900

Beds
3
Baths
1.0
sq ft
1,152

8023 E Mount Morris Rd, Otisville, MI 48463

8023 E Mount Morris Rd

Richfield Twp, MI 48463

  • 6 days on market
Are you looking for the perfect home to put your own touches on? This may be it. Location is close to everything, needs a little TLC but if you are not afraid of a little work then come on over.

Details

Property type

Single Family Residence

Est. home value

$147,977

Lot size

0.33 acres

Price per sq ft

$105

Year built

1948

Annual property taxes

$1,635

Price History

12/21/2024
Realcomp

Realcomp #20240092605

Listed
$119,900
12/19/2024
Realcomp

Realcomp #20240092605

Pending
$119,900
12/16/2024
Realcomp

Realcomp #20240092605

Listed
$119,900
+36.41%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lakeville

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

$33,326
Asking price
$119,900
Closing costs (~8% of asking)
-$9,592
Est. remaining loan balance
-$76,982
Cash to seller
$33,326

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

Seller’s Loan History

Lender

First Securities Financial Services Inc

Loan start date

March 2018

Original loan amount

$88,787

Est. remaining balance

$76,982

Interest rate

4.04%

Loan type

New Conventional, 30 year

Seller

Vincent Schlaud and Sharon Schlaud

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 9:15 PM

Listing updated: 12/21/2024 at 12:00 PM

Listed by: Karen Cooper Green, America's Premiere Realty Inc Phone #: (810) 715-2390

MLS: Realcomp #20240092605

Realcomp logo

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