tomo logo

$425,000

Beds
5
Baths
3.0
sq ft
2,206

8867 Somerset Ln, Ypsilanti, MI 48198

8867 Somerset Ln

Superior Twp, MI 48198

  • 6 days on market
    • Open house Jul 07
Presenting a completely remodeled five-bedroom colonial in the desirable Brookside subdivision. The beautiful front porch beckons you into the formal living room with a wall of barnwood shiplap. Enjoy the jaw-dropping new kitchen with IKEA cabinets, large navy blue island with breakfast bar seating, quartz countertops, lovely backsplash, new stainless appliances and a large pantry. The dining area flows seamlessly from the kitchen and opens to the backyard via a sliding glass door. An open concept flow leads to the large family room allowing for sunlit views of the backyard. Main-floor laundry and an updated powder room complete the main level. Upstairs are four large bedrooms including a primary bedroom with ensuite, vaulted ceiling and large walk-in closet as well as an updatedfull bathroom. There is also an open-air loft that can be used as an office/flex room. The partially finished lower level features brand new carpeting leading downstairs to a large basement featuring its half bathroom and a fifth bedroom with egress window. You'll love entertaining on the backyard stamped concrete patio and your dog will love the fenced in yard! Loaded with updates including new paint, appliances, kitchen, roof (2019), washer and dryer, carpet, luxury vinyl flooring, barn wood accent wall, and more! Superior Township is near major hospitals, universities, local parks and the lovely historic downtown of Ypsilanti

Details

Property type

Single Family Residence

Est. home value

$348,615

Lot size

8,276 sq ft

Price per sq ft

$193

Year built

2005

Annual property taxes

$6,623

Price History

06/26/2024
Realcomp

Realcomp #81024032541

Listed
$425,000
+136.24%
12/23/2014
Realcomp

Realcomp #214079116

Sold
$179,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

$189,012
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$201,988
Cash to seller
$189,012

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

September 2020

Original loan amount

$220,000

Est. remaining balance

$201,988

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Linda Turner

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: 07/02/2024 at 9:20 PM

Listing updated: 07/02/2024 at 2:05 PM

Listed by: Kiara Nelson, Phone #: (734) 995-9400

MLS: Realcomp #81024032541

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