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$109,900

Beds
3
Baths
1.0
sq ft
899

17504 Toepfer Dr, Eastpointe, MI 48021

17504 Toepfer Dr

Eastpointe, MI 48021

  • 21 days on market
This tenant-occupied ranch with beautiful hardwood floors offers a prime investment opportunity. Currently rented at 1,100 per month—well below market value—this property provides immediate rental income with the potential for increased revenue once the lease ends on September 30. Ideal for investors looking to capitalize on rising rents in the area, this home is both a solid investment and a desirable place to call home.

Details

Property type

Single Family Residence

Est. home value

$105,865

Lot size

4,356 sq ft

Price per sq ft

$123

Year built

1947

Annual property taxes

$3,561

Price History

08/27/2024
Realcomp

Realcomp #20240063771

Listed
$109,900
+29.29%
06/02/2022
Realcomp

Realcomp #2220019196

Sold
$85,000
+50.44%
05/24/2019
Realcomp

Realcomp #219025062

Sold
$56,500

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Eastpointe Community Schools

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

$35,438
Asking price
$109,900
Closing costs (~8% of asking)
-$8,792
Est. remaining loan balance
-$65,670
Cash to seller
$35,438

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

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

June 2022

Original loan amount

$68,000

Est. remaining balance

$65,670

Interest rate

5%

Loan type

New Conventional, 30 year

Seller

James Wisniewski

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: 09/17/2024 at 8:35 PM

Listing updated: 08/29/2024 at 6:03 AM

Listed by: Erick Monzo, Keller Williams Realty-Great Lakes Phone #: (586) 541-4000

MLS: Realcomp #20240063771

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