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$264,900

Beds
3
Baths
1.0
sq ft
2,659

18111 Melrose Ave, Southfield, MI 48075

18111 Melrose Ave

SouthfieldCity_Oakland, MI 48075

    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

    $100

    Year built

    1953

    Annual property taxes

    $6,080

    HOA

    No

    Price History

    02/06/2025
    Realcomp

    Realcomp #20250007556

    Listed
    $264,900
    01/26/2025
    Realcomp

    Realcomp #20240065116

    Removed
    $264,900
    09/09/2024
    Realcomp

    Realcomp #20240065116

    Listed
    $264,900

    Schools & Community

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High school district: 

    SouthfieldPublicSchools

    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

    $73,065
    Asking price
    $264,900
    Closing costs (~8% of asking)
    -$21,192
    Est. remaining loan balance
    -$170,643
    Cash to seller
    $73,065

    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

    $170,643

    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: 04/03/2025 at 7:45 AM

    Listing updated: 03/25/2025 at 9:16 AM

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

    MLS: Realcomp #20250007556

    Realcomp logo

    Recently listed in SouthfieldCity_Oakland