tomo logo

$135,000

Beds
2
Baths
1.0
sq ft
820

108 E Kalama Ave, Madison Heights, MI 48071

108 E Kalama Ave

Madison Heights, MI 48071

  • 8 days on market
Check out this cozy 2-bedroom ranch in Madison Heights! Recent updates include a new driveway, water tank, furnace, and bathroom, plus new baseboards. Hardwood floors run throughout, with vinyl in the kitchen and bathroom. The home comes with a fridge, washer, and dryer. Perfect for a starter home or investment property!

Details

Property type

Single Family Residence

Est. home value

$117,340

Lot size

3,920 sq ft

Price per sq ft

$165

Year built

1932

Annual property taxes

$2,189

Price History

01/13/2025
Realcomp

Realcomp #20250002851

Listed
$135,000
+125%
01/11/2018
Realcomp

Realcomp #58031328415

Sold
$60,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Madison (Madison Hts.)

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

$93,553
Asking price
$135,000
Closing costs (~8% of asking)
-$10,800
Est. remaining loan balance
-$30,647
Cash to seller
$93,553

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

$30,647

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?

Similar Homes Nearby

Realcomp
$155,000
2 bd
|
1 ba
|
696 sq ft
|
House

553 E Brockton Ave, Madison Heights, MI 48071

Realcomp
$149,900
2 bd
|
1 ba
|
896 sq ft
|
House

56 W Garfield Ave, Hazel Park, MI 48030

Price drop
Realcomp
$149,900
2 bd
|
1 ba
|
728 sq ft
|
House

1761 E Otis Ave, Hazel Park, MI 48030

Status: Active

Tomo last checked: 01/22/2025 at 3:00 AM

Listing updated: 01/16/2025 at 6:05 AM

Listed by: Michael Hines, MVPS Realtors Phone #: (586) 999-5153

MLS: Realcomp #20250002851

Realcomp logo

Recently listed in Madison Heights