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$209,900

Beds
2
Baths
1.0
sq ft
720

1687 Channing St, Ferndale, MI 48220

1687 Channing St

Ferndale, MI 48220

  • 30 days on market
    • Price drop $2,000↓
Must see! Completely Remodeled Ranch! Covered Porch entrance! Remodeled Kitchen with new white cabinets, tile back splash, new counters, sink, faucet, tile flooring, stainless steel appliances! Remodeled Bathroom with new sink, counter and cabinet, toilet, fixtures, tiled shower. Hardwood floors throughout! 2019 Updates include: new furnace, hot water tank, crawl space waterproof and sump pump, recently interior painted, ceiling fan. 2014: newer Wallside windows. Large attic for storage w/ pull down stairs. Large laundry/utility room with new washer and dryer 2023. Fenced in backyard perfect for dogs! Detached 1.5 car garage, with extra parking in back of house! New patio out back! House is rental certified by the City of Ferndale. Home is currently being leased out with good tenant, lease is through November. Please note the pictures are from before the tenant moved in. Call today for a showing!!

Details

Property type

Single Family Residence

Est. home value

$194,419

Lot size

3,049 sq ft

Price per sq ft

$292

Year built

1923

Annual property taxes

$5,835

Price History

06/25/2024
Realcomp

Realcomp #20240040075

Price change
$209,900
-0.94%
06/07/2024
Realcomp

Realcomp #20240040075

Listed
$211,900
+11.53%
05/19/2022
Realcomp

Realcomp #2220015588

Sold
$190,000
+68.14%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Hazel Park

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

$37,011
Asking price
$209,900
Closing costs (~8% of asking)
-$16,792
Est. remaining loan balance
-$156,097
Cash to seller
$37,011

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 1 Inc

Loan start date

May 2022

Original loan amount

$161,500

Est. remaining balance

$156,097

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Scott Summers and Michelle Summers

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: 07/07/2024 at 7:15 PM

Listing updated: 06/25/2024 at 5:14 PM

Listed by: Sam I Harris, Easy Real Estate Services Phone #: (248) 479-2607

MLS: Realcomp #20240040075

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