tomo logo

$325,000

Beds
4
Baths
2.0
sq ft
1,029

920 E Lincoln Ave, Royal Oak, MI 48067

920 E Lincoln Ave

Royal Oak, MI 48067

  • 5 days on market
Fantastic corner lot ranch with an entry level unit, and updated garden level unit, close to downtown Royal Oak. Spacious interior on the entry level with arched passageways and hardwood floors. Entry living room flows into a charming dining area. Large kitchen with tile floors, stainless steel appliances, and access to the raised deck in the backyard. Two bedrooms share a full bath down the hallway. Beautifully updated garden level unit with an open kitchen and spacious living area. Updated kitchen with stainless steel appliances, butchers block counters, and recessed lighting. One bedroom and a fantastic updated full bath. Bonus room that could be used as an office. Common basement area with laundry. Detached two car garage. Covered front porch and lovely common brick patio area in the backyard. Close to great local parks and just steps from downtown Royal Oak shops, restaurants, and nightlife. Welcome Home!

Details

Property type

Single Family Residence

Est. home value

$301,762

Lot size

5,663 sq ft

Price per sq ft

$316

Year built

1925

Annual property taxes

$5,402

Price History

10/30/2024
Realcomp

Realcomp #20240082015

Listed
$325,000
-7.12%
08/30/2024
Realcomp

Realcomp #20240047841

Removed
$349,900
07/17/2024
Realcomp

Realcomp #20240047841

Pending
$349,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Royal Oak

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

$197,057
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$101,943
Cash to seller
$197,057

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

June 2015

Original loan amount

$128,100

Est. remaining balance

$101,943

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Alex Nefouse

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: 11/05/2024 at 5:50 AM

Listing updated: 10/31/2024 at 6:05 AM

Listed by: Jim Shaffer, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240082015

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