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$117,340Estimated home value

Beds
2
Baths
1.0
sq ft
820

108 E Kalama Ave, Madison Heights, MI 48071

108 E Kalama Ave

Madison Heights, MI 48071

  • Sold On 1/11/2018
Cute 2 bedroom starter home. Hardwood Floors. Large laundry room off back of house. New hot water heater 3/2017. Updated windows. All appliances stay. Short sale subject to third party approval.

Details

Property type

Single Family Residence

Est. home value

$117,340

Lot size

3,920 sq ft

Price per sq ft

$74

Year built

1932

Annual property taxes

$739

Price History

03/10/2025
Realcomp

Realcomp #20250002851

Sold
$110,000
-9.09%
03/05/2025
Realcomp

Realcomp #20250002851

Pending
$121,000
02/24/2025
Realcomp

Realcomp #20250002851

Price change
$121,000
-6.2%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Madison Public Schools (Oakland)

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

$25,202
Asking price
$59,900
Closing costs (~8% of asking)
-$4,792
Est. remaining loan balance
-$29,906
Cash to seller
$25,202

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

Seller’s Loan History

Lender

Shore Mortgage

Loan start date

January 2003

Original loan amount

$66,450

Est. remaining balance

$29,906

Interest rate

6.04%

Loan type

FHA, 30 year

Seller

Kristin Franklin and Charles T Franklin

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: Off Market

Tomo last checked: 04/02/2025 at 5:15 AM

Listing updated: 07/22/2024 at 7:12 PM

Listed by: Dolores Gaskell, Macomb Metro Realty, Inc. Phone #: (586) 438-3038

MLS: MiRealSource #31328415

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