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$325,000

Beds
3
Baths
2.0
sq ft
1,600

1844 Leitch Rd, Ferndale, MI 48220

1844 Leitch Rd

Ferndale, MI 48220

  • 4 days on market
Rare NE Ferndale fully licensed duplex. The perfect place to live in one unit while letting the tenant in the other pay the bills. Lower unit is ~1000sf 2 bed 1 bath, upper is is ~600 sf 1bed 1 bath. Each unit has been recently updated and features great kitchens, neutral paint and gleaming hardwood floors with split utilities, 2 HVAC systems, 2 water heaters and shared laundry in the basement with plenty of secured storage as well as a oversized 2 car garage. 1 block to Detroit Fleet and Martin Rd Park and less than a 10 minute walk to downtown Ferndale and all bars, restaurants, shopping.

Details

Property type

Single Family Residence

Est. home value

$278,924

Lot size

0.24 acres

Price per sq ft

$204

Year built

1926

Annual property taxes

$10,300

Price History

03/09/2025
Realcomp

Realcomp #81025008650

Listed
$325,000
+35.42%
11/15/2021
Realcomp

Realcomp #2210077432

Sold
$240,000

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

$131,617
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$167,383
Cash to seller
$131,617

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

November 2021

Original loan amount

$180,000

Est. remaining balance

$167,383

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Matthew Labaza

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?

Status: Active

Tomo last checked: 03/14/2025 at 1:35 PM

Listing updated: 03/10/2025 at 11:04 PM

Listed by: Scott Wright, Scott Wright, Keller Williams MetroKeller Williams Metro Phone #: (248) 288-3500

MLS: Realcomp #81025008650

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