tomo logo

$75,000

Beds
2
Baths
1.0
sq ft
1,000

16600 Steel St, Detroit, MI 48235

16600 Steel St

DetroitCity_Wayne, MI 48235

    This expansive bungalow offers a perfect blend of classic charm, modern amenities, and income potential! The property is currently occupied by a tenant paying $1,150 per month, offering immediate income and helping offset your mortgage costs. Lease ends 4.30.25MUST HAVE AN ACCEPTED OFFER TO SHOW.

    Details

    Property type

    Single Family Residence

    Est. home value

    $77,126

    Lot size

    3,920 sq ft

    Price per sq ft

    $75

    Year built

    1950

    Annual property taxes

    $1,824

    Price History

    03/11/2025
    Realcomp

    Realcomp #81024060470

    Listed
    $75,000

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High 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

    Pml Funding Llc

    Loan start date

    November 2022

    Original loan amount

    $59,500

    Est. remaining balance

    Not provided

    Interest rate

    6.29%

    Loan type

    Commercial, 2 year

    Seller

    Tuin Investments 41 Llc

    Lender

    Pml Funding Llc

    Loan start date

    November 2022

    Original loan amount

    $59,500

    Est. remaining balance

    Not provided

    Interest rate

    6.29%

    Loan type

    Commercial, 2 year

    Seller

    Tuin Investments 41 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: 04/01/2025 at 7:15 PM

    Listing updated: 03/25/2025 at 9:24 AM

    Listed by: Jonathan Golden, House of Realty LLC Phone #: (734) 526-3288

    MLS: Realcomp #81024060470

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