tomo logo

$110,000

Beds
3
Baths
1.0
sq ft
1,422

16541 Parkside St, Detroit, MI 48221

16541 Parkside St

Detroit, MI 48221

  • 15 days on market
Investors, First time home buyers, Fix and flippers Pay Attention. This opportunity will not last long. A beautiful colonial in Martin Park with hundreds of thousands of dollars of equity, comparable homes on the same block have sold for over $300K. Home does need a roof, lots of bonus space with the ability to finish the attic! Don't miss this one! Will need to be either cash or rehab loan.

Details

Property type

Single Family Residence

Est. home value

$94,835

Lot size

4,356 sq ft

Price per sq ft

$78

Year built

1926

Annual property taxes

$1,904

Price History

02/07/2025
Realcomp

Realcomp #20250008430

Listed
$110,000

Schools & Community

Neighborhood: 

Martin Park

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

Bet Ter Holdings Llc

Loan start date

April 2021

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Idg Homes Detroit Llc

Lender

Bet Ter Holdings Llc

Loan start date

April 2021

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

3.02%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Idg Homes Detroit 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: 02/22/2025 at 11:30 PM

Listing updated: 02/08/2025 at 6:04 AM

Listed by: John Echterling, @properties Christie's Int'l R.E. Detroit Phone #: (313) 230-0510

MLS: Realcomp #20250008430

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