tomo logo

$350,000

Beds
6
Baths
3.5
sq ft
2,800

1642 Edison St, Detroit, MI 48206

1642 Edison St

Detroit, MI 48206

  • 30 days on market
Historic Boston Edison district has all the charm and character you'd expect in one of Detroit's most desirable and exclusive neighborhoods. This property has been tastefully renovated with all of the modern amenities you could want while still retaining its original charm and character. Hardwood floors throughout the main floor living spaces. 3rd floor is perfect for a home office, studio space or perhaps an upper-level home theater space. New electrical, plumbing, kitchen, bathrooms, dual zone HVAC, drywall, driveway cement. Your new home is located just blocks from Henry Ford Hospital campus and 3 miles from Corktown. This gem just needs your finishing touches. All of the hard work is done!!! We are working on this property now. Expect contractors to be at your showings. Land contract $50k down, 9% Int, $2500/mo, 36 months.

Details

Property type

Single Family Residence

Est. home value

$307,673

Lot size

6,534 sq ft

Price per sq ft

$125

Year built

1916

Annual property taxes

$9,209

Price History

06/04/2024
Realcomp

Realcomp #20240038959

Listed
$350,000
+268.42%
04/10/2018
Realcomp

Realcomp #58031322867

Sold
$95,000

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

Kiavi Funding Inc

Loan start date

February 2022

Original loan amount

$265,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Building or Construction Loan

Seller

Naughty Dogs Llc

Lender

Kiavi Funding Inc

Loan start date

February 2022

Original loan amount

$265,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Building or Construction Loan

Seller

Naughty Dogs Llc

Lender

Kiavi Funding Inc

Loan start date

February 2022

Original loan amount

$265,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Building or Construction Loan

Seller

Naughty Dogs Llc

Lender

Kiavi Funding Inc

Loan start date

February 2022

Original loan amount

$265,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Building or Construction Loan

Seller

Naughty Dogs Llc

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: 07/05/2024 at 12:15 AM

Listing updated: 06/25/2024 at 5:13 PM

Listed by: Nancy J Rademacher, KW Professionals Brighton Phone #: (810) 224-7900

MLS: Realcomp #20240038959

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