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$155,000

Beds
3
Baths
1.5
sq ft
1,523

8542 Morris Rd, Wales, MI 48027

8542 Morris Rd

Wales, MI 48027

  • 115 days on market
Step into a piece of history with this enchanting Victorian home, brimming with original character and potential. Nestled in the heart of Wales Twp, this 3 bedroom, 1.5 bathroom residence offers a rare opportunity to own a classic gem with limitless possibilities. Outside, the spacious yard offers a tranquil retreat in a historic setting. With a little love and creativity, this space can become a perfect outdoor haven. This home is a true fixer-upper, ready for a new owner to restore and revitalize its historic beauty. Don’t miss your chance to own a piece of history and create a home that reflects your personal style. Schedule a viewing and envision the future of this magnificent Victorian treasure.

Details

Property type

Single Family Residence

Est. home value

$179,107

Lot size

1.26 acres

Price per sq ft

$102

Year built

1910

Annual property taxes

$1,907

Price History

07/30/2024
MiRealSource

MiRealSource #50150297

Listed
$155,000
+7.64%
01/12/2023
MiRealSource

MiRealSource #50085555

Sold
$144,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Yale Public Schools

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

$1,571
Asking price
$155,000
Closing costs (~8% of asking)
-$12,400
Est. remaining loan balance
-$141,029
Cash to seller
$1,571

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

January 2023

Original loan amount

$144,000

Est. remaining balance

$141,029

Interest rate

6.61%

Loan type

VA, 30 year

Seller

Helen Kelly

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 3:30 PM

Listing updated: 08/12/2024 at 3:52 PM

Listed by: David Klaft, Keller Williams Realty Lakeside Phone #: (586) 532-0500

MLS: MiRealSource #50150297

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