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$500,000

Beds
3
Baths
1.0
sq ft
1,680

1335 South Blvd W, Troy, MI 48098

1335 South Blvd W

Troy, MI 48098

  • 5 days on market
INVESTOR SPECIAL! Here is a unique opportunity, live in the front house and enjoy the rent of the duplex in the back located on the same lot. This is a 3-bedroom, 1-bath, brick Colonial. The updated kitchen boasts granite countertops and includes stainless steel refrigerator, stove/oven, dishwasher, and microwave. A washer and dryer are also included. Enjoy abundant natural light throughout the house, highlighting the hardwood floors. The basement is partially finished, adding extra space to this charming home. Equipped with air conditioning, a gas forced air furnace, and ceiling fans, this residence offers comfort all year round. Set back from the road, the home provides a serene setting with a beautiful large backyard. The property in back is a duplex and is fully rented with positive cash flow. The duplex includes a one-bedroom, one bath with living room, kitchen, and shared utility room with washer and dryer. The 2nd floor unit has a living room, 2 bedrooms, 1 bath, kitchen, and shared utility room. The duplex has its own private backyard. Currently both the house and duplex are rented. Note: If you desire to live in the house or have another party interested in leasing, tenants in the Colonial would consider a lease buy-out.

Details

Property type

Single Family Residence

Est. home value

$424,756

Lot size

0.37 acres

Price per sq ft

$298

Year built

1935

Annual property taxes

$7,160

Price History

09/13/2024
Realcomp

Realcomp #20240068890

Listed
$500,000
+65.29%
03/03/2020
MiRealSource

MiRealSource #50001591

Sold
$302,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Avondale

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

$253,533
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$206,467
Cash to seller
$253,533

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

Seller’s Loan History

Lender

Key Bank Na

Loan start date

February 2020

Original loan amount

$226,875

Est. remaining balance

$206,467

Interest rate

3.64%

Loan type

New Conventional, 30 year

Seller

Jarrod Corbett

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: 09/19/2024 at 5:00 AM

Listing updated: 09/18/2024 at 6:11 AM

Listed by: Christine Winans, Berkshire Hathaway HomeServices Kee Realty Bham Phone #: (248) 646-6200

MLS: Realcomp #20240068890

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