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$169,900

Beds
4
Baths
2.5
sq ft
1,537

16250 Tracey St, Detroit, MI 48235

16250 Tracey St

Detroit, MI 48235

  • 13 days on market
**SEE LISTING AGENT TO FIND OUT HOW TO QUALIFY FOR UP TO $25,000 TOWARDS THE PURCHASE OF YOUR HOME IN DETROIT** PRICED TO SELL, 4 Bedrooms, 2.5 Bathrooms with over 1,500 SqFt. Sprawling over 2 floors of living space! That is what you will find here in the College Grove Sub, address of 16250 TRACEY STREET DETROIT, MI 48235. Park your car in the spacious garage you will find as you pull into your lovely private driveway. Walk inside to see the tremendous amounts of upgrades the seller has completed, finishing off the place you will now call home. Did I mention ALL APPLIANCES STAY with the home? Local RENTAL COMPS ALLOW this to be RENTED OUT UPWARDS OF $2,000/MONTH, That is an Additional $24,000/YEAR IN INCOME. Schedule your private tour, today!

Details

Property type

Single Family Residence

Est. home value

$137,156

Lot size

4,356 sq ft

Price per sq ft

$111

Year built

1936

Annual property taxes

$3,774

Price History

09/09/2024
Realcomp

Realcomp #81024047433

Listed
$169,900
+21.36%
11/17/2023
Realcomp

Realcomp #20230055389

Sold
$140,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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

$17,417
Asking price
$169,900
Closing costs (~8% of asking)
-$13,592
Est. remaining loan balance
-$138,891
Cash to seller
$17,417

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

November 2023

Original loan amount

$140,000

Est. remaining balance

$138,891

Interest rate

7.31%

Loan type

VA, 30 year

Seller

Rich Fonseca

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: 09/22/2024 at 9:25 PM

Listing updated: 09/19/2024 at 2:11 PM

Listed by: Nathaniel Richards, Phone #: (734) 459-4700

MLS: Realcomp #81024047433

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