tomo logo

$264,900

Beds
3
Baths
1.0
sq ft
1,459

18111 Melrose Ave, Southfield, MI 48075

18111 Melrose Ave

Southfield, MI 48075

  • 83 days on market
INVESTMENT SPECIAL!!!! Its A Great Time To Invest in Southfield!! If your looking to invest in Southfield look no further than 18111 Melrose Ave. As the new investor of this property you will assume the tenants and their terms. Don't miss the opportunity to own a great area surrounded by just about every freeway, entertainment, restaurant and shopping. Let’s talk about this wonderful Home. This expansion of residence features generously sized bedrooms with abundant closet space. The property includes an impressive breezeway (excluded from the total square footage) and a fireplace. Relish in the newly remodeled eat-in kitchen, Bathroom and modern windows. Nestled on an extra-large corner lot, this home is a rare find. The basement is not finish however, the moment you open the door you will notice the upgraded laminate floor to the steps leading downstairs to this enormous size basement which comes with deep glass block windows that give off this beautiful natural light and with the right imagination a blank canvas is perfect to make it your own. The home also includes a new A/C unit that was installed 2 years ago. The home also has two separate lots and with the right offer seller will be willing to include both lots. BATVAI.

Details

Property type

Single Family Residence

Est. home value

$255,233

Lot size

0.28 acres

Price per sq ft

$182

Year built

1953

Annual property taxes

$6,080

Price History

09/09/2024
Realcomp

Realcomp #20240065116

Listed
$264,900
09/04/2024
Realcomp

Realcomp #20240065116

Pending
$264,900
08/31/2024
Realcomp

Realcomp #20240051619

Removed
$264,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Southfield Public 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

$72,147
Asking price
$264,900
Closing costs (~8% of asking)
-$21,192
Est. remaining loan balance
-$171,561
Cash to seller
$72,147

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2023

Original loan amount

$175,000

Est. remaining balance

$171,561

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Johnny Gewargis and Raymond Akrawi

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: 11/22/2024 at 4:10 PM

Listing updated: 10/14/2024 at 4:40 PM

Listed by: Charles Green, Century 21 Curran & Oberski Phone #: (248) 264-1700

MLS: Realcomp #20240065116

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