tomo logo

$140,000

Beds
3
Baths
1.0
sq ft
1,419

16207 Ferguson St, Detroit, MI 48235

16207 Ferguson St

Detroit, MI 48235

  • 5 days on market
Beautiful brick colonial in Detroit features 3 bedrooms, 1 full bath, rich hardwood floors throughout, basement, and detached two-car garage. Perfect for a new homeowner looking to build equity, or an investor looking to add a move-in ready rental property to their portfolio. Newer roof, new exterior doors, and freshly painted interior. Schedule your showing today! Some pictures are digitally staged.

Details

Property type

Single Family Residence

Est. home value

$122,370

Lot size

4,356 sq ft

Price per sq ft

$99

Year built

1940

Annual property taxes

$2,489

Price History

09/12/2024
Realcomp

Realcomp #20240068780

Listed
$140,000
+16.67%
02/19/2024
Realcomp

Realcomp #20240002778

Removed
$120,000
01/15/2024
Realcomp

Realcomp #20240002778

Listed
$120,000

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

Solera National Bank

Loan start date

January 2021

Original loan amount

$250,200

Est. remaining balance

Not provided

Interest rate

2.72%

Loan type

Building or Construction Loan, 25 year

Seller

Xia Xu English and Confidential Investments Trust

Lender

Solera National Bank

Loan start date

January 2021

Original loan amount

$250,200

Est. remaining balance

Not provided

Interest rate

2.72%

Loan type

Building or Construction Loan, 25 year

Seller

Xia Xu English and Confidential Investments Trust

Lender

Sunset Bay Capital Llc

Loan start date

August 2019

Original loan amount

$364,395

Est. remaining balance

Not provided

Interest rate

3.73%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Xia Xu English and Confidential Investment Trust

Lender

Sunset Bay Capital Llc

Loan start date

August 2019

Original loan amount

$364,395

Est. remaining balance

Not provided

Interest rate

3.73%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Xia Xu English and Confidential Investment Trust

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: 09/17/2024 at 11:20 PM

Listing updated: 09/16/2024 at 5:01 PM

Listed by: Joel A Wood, River Shore Realty, LLC Phone #: (313) 333-6772

MLS: Realcomp #20240068780

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