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$175,000

Beds
3
Baths
1.5
sq ft
1,172

862 Melrose St, Pontiac, MI 48340

862 Melrose St

Pontiac, MI 48340

  • 3 days on market
1931 ranch that City records show effective date of 1975, nestled on 2 1/2 lots @,35 acre treed fenced lot boasting of new roof on home, newer furnace, so full of charm and space! Morning coffee enjoyed in your 3 season spacious front Florida/porch, Main Living area appointed w/wide wood toe , window & door moldings, wet plaster w/coved designed ceiling , 3 bedrooms w/extra deep closets, updated bath,recently updated kitchen wi/built-in pantry, flooring, lighting, ceiling,,all appliances incl washer/dryer, cutest corner windows enhance dinning room, enclosed back porch, detached lg garage, 2 shed/barns, raised patio w/grill, fruit trees, lots of space for activities, gardens, & flowers, home awarded yearly for its beautiful upkeep by the City. Solid move-in 1.2 bath in glass block basemt

Details

Property type

Single Family Residence

Est. home value

$107,620

Lot size

0.35 acres

Price per sq ft

$150

Year built

1931

Annual property taxes

$912

Price History

11/15/2024
Realcomp

Realcomp #81024059730

Listed
$175,000
+288.89%
09/19/2017
Realcomp

Realcomp #217003163

Sold
$45,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Pontiac

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

$123,207
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$37,793
Cash to seller
$123,207

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

Seller’s Loan History

Lender

Ross Mortgage Corp

Loan start date

September 2017

Original loan amount

$44,184

Est. remaining balance

$37,793

Interest rate

3.93%

Loan type

FHA, 30 year

Seller

Mary Powers

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?

Status: Active

Tomo last checked: 11/19/2024 at 4:25 AM

Listing updated: 11/16/2024 at 4:25 AM

Listed by: Deborah Louzecky, Deborah Louzecky, Broker Phone #: (248) 379-3919

MLS: Realcomp #81024059730

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