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$105,000

Beds
2
Baths
1.0
sq ft
714

11417 Sherman Ave, Warren, MI 48089

11417 Sherman Ave

Warren, MI 48089

  • 36 days on market
Calling all investors! Here is an opportunity to pick up a fully turnkey opportunity. The property currently has a long-term Section 8 tenant in place that is fully performing and is being professionally managed by a property manager. Current rents are 1050 with an active lease in place. Please do not disturb tenants—showing only after an accepted offer.

Details

Property type

Single Family Residence

Est. home value

$103,213

Lot size

3,920 sq ft

Price per sq ft

$148

Year built

1935

Annual property taxes

$1,673

Price History

08/13/2024
Realcomp

Realcomp #20240059757

Listed
$105,000
+12.9%
02/14/2022
Realcomp

Realcomp #2220000358

Sold
$93,000
+761.11%
07/22/2016
Realcomp

Realcomp #216046128

Sold
$10,800

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Van Dyke

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

$26,239
Asking price
$105,000
Closing costs (~8% of asking)
-$8,400
Est. remaining loan balance
-$70,361
Cash to seller
$26,239

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

February 2022

Original loan amount

$74,400

Est. remaining balance

$70,361

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Hugo Zertuche

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: 09/19/2024 at 5:20 AM

Listing updated: 08/20/2024 at 6:05 AM

Listed by: Joseph Hammel, Keller Williams Somerset Phone #: (248) 649-7200

MLS: Realcomp #20240059757

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