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$89,800

Beds
3
Baths
2.0
sq ft
1,270

16176 Tracey St, Detroit, MI 48235

16176 Tracey St

Detroit, MI 48235

  • 106 days on market
    • Price drop $100↓
Great bungalow with true character looking for a savvy investor or handy home owner to bring this home to its full potential. Attic HUGE and unfinished. Could be finished into an additional 2 bedrooms and full bath. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 100,000.00 purchase price, 30,000.00 down payment, 8% interest, 120 Months Term. 849.00/month. Seller financing / Land contract terms are negotiable. Purchaser to pay 395 processing fee at closing. As-is sale. Can be sold separately or combined with 15864 Tracey & 15711 Tracey all located in close proximity.

Details

Property type

Single Family Residence

Est. home value

$87,172

Lot size

3,485 sq ft

Price per sq ft

$71

Year built

1930

Annual property taxes

$1,209

Price History

12/09/2024
Realcomp

Realcomp #20240084722

Price change
$89,800
-0.11%
11/08/2024
Realcomp

Realcomp #20240084722

Listed
$89,900
+0.45%
11/01/2024
Realcomp

Realcomp #20240020439

Removed
$89,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Seattle Mortgage Co

Loan start date

January 2007

Original loan amount

$183,000

Est. remaining balance

Not provided

Interest rate

6.53%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 82 year

Seller

Flora N Wilson

Lender

Seattle Mortgage Co

Loan start date

January 2007

Original loan amount

$183,000

Est. remaining balance

Not provided

Interest rate

6.53%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 82 year

Seller

Flora N Wilson

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: 02/23/2025 at 12:05 AM

Listing updated: 12/27/2024 at 7:00 PM

Listed by: Derek C Lievens, Market Elite Inc Phone #: (586) 226-3200

MLS: Realcomp #20240084722

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