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$184,900

Beds
1
Baths
1.0
sq ft
553

1001 W Jefferson Ave Unit 300, Detroit, MI 48226

1001 W Jefferson Ave Unit 300

Detroit, MI 48226

  • 106 days on market
    • Price drop $4,100↓
Luxury living on the 25th floor. Experience the Detroit Riverfront, downtown Detroit, and breathtaking views with this waterfront condominium. This 1 bedroom 1 bath condo was newly updated in 2023. All new stainless steel kitchen appliances, new in-unit washer and dryer, new disposal. New luxury vinyl plank flooring. New paint. Open space. Easily accessible, attached parking structure. Gated access with security 24/7. Ready for you. Riverfront Towers has many advantages, including a pool, gym, tennis courts, playground, dock, riverwalk, dog park, picnic area, and direct access to the People Mover. Easy access to downtown, parks, and all major downtown freeways. Close to Wayne State, Detroit Medical Center/DMC, Henry Ford Hospital, U of D graduate schools. Make this 1 bedroom, 1 bath condo your new home.

Details

Property type

Condominium

Est. home value

$346,485

Lot size

Unknown

Price per sq ft

$335

Year built

1983

Annual property taxes

$1,040

Monthly HOA fee

$307

Price History

07/02/2024
Realcomp

Realcomp #20240017000

Price change
$184,900
-2.17%
04/13/2024
Realcomp

Realcomp #20240017000

Price change
$189,000
-5.03%
03/24/2024
Realcomp

Realcomp #20240017000

Price change
$199,000
-4.74%

Schools & Community

Neighborhood: 

West Side Industrial

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Tennis Court(s)

School district: 

Detroit

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

-$14,716
Asking price
$184,900
Closing costs (~8% of asking)
-$14,792
Est. remaining loan balance
-$184,824
Cash to seller
-$14,716

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

February 2020

Original loan amount

$202,000

Est. remaining balance

$184,824

Interest rate

3.74%

Loan type

New Conventional, 30 year

Seller

Larry B Rivers

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: 07/02/2024 at 7:15 PM

Listing updated: 07/02/2024 at 12:33 PM

Listed by: Michael J Krausman, Luxury Living Real Estate Phone #: (248) 342-6516

MLS: Realcomp #20240017000

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