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$314,000

Beds
4
Baths
2.0
sq ft
1,777

8643 Hibbing St, Commerce Township, MI 48382

8643 Hibbing St

Commerce Twp, MI 48382

  • 80 days on market
    • Price drop $5,000↓
PRICE REDUCED! Back to Market. Home is good condition, but the septic tank and dry well need work and/or replacing. FOR SALE "AS-IS". Only steps to all-sports Long Lake. This cottage styled 4 bed, 2 full bath home has a 2 car detached garage, with extra space for a workshop, etc. The rear of the home features a pergola covered deck, a plastic storage unit and an extra large back yard with boundary of privacy fencing and a small fenced-in area ideal for... a garden perhaps? The Bonus room would make a great home office, workshop for an artist. The finished attic can be any type of space you desire, 4th bedroom, office, etc. High ceilings and plenty of closets and other storage areas are always a plus. Updates made during the Seller's ownership period; recently installed vinyl windows(2019), newly renovated flat roof (2024), new A/C (2023), new LVT in the kitchen(2024)! Bring your own decorating touches to transform this lake area cottage into your private oasis from the world. For Sale "As-Is" as reflected by the Asking Price. Owners did not remodel the basement from the previous Seller.

Details

Property type

Single Family Residence

Est. home value

$312,417

Lot size

0.30 acres

Price per sq ft

$177

Year built

1960

Annual property taxes

$3,282

Price History

06/06/2024
Realcomp

Realcomp #20240025009

Price change
$314,000
-1.57%
05/23/2024
Realcomp

Realcomp #20240025009

Price change
$319,000
-1.85%
05/01/2024
Realcomp

Realcomp #20240025009

Listed
$324,999

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Walled Lake

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

$146,919
Asking price
$314,000
Closing costs (~8% of asking)
-$25,120
Est. remaining loan balance
-$141,961
Cash to seller
$146,919

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

April 2018

Original loan amount

$160,000

Est. remaining balance

$141,961

Interest rate

4.46%

Loan type

New Conventional, 30 year

Seller

Elizabeth Love and Andrew Blanchard

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: 07/07/2024 at 6:35 PM

Listing updated: 06/30/2024 at 5:53 PM

Listed by: Tony Dixon, Powell Real Estate Phone #: (248) 914-3682

MLS: Realcomp #20240025009

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