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$160,000

Beds
2
Baths
1.0
sq ft
865

1845 Pilgrim St, Ferndale, MI 48220

1845 Pilgrim St

Ferndale, MI 48220

  • 3 days on market
1845 Pilgrim is perfect for many buyers whether you are a first-time home buyer, skilled flipper, or investor adding to your rental portfolio. This house is a low maintenance ranch with a simple layout in a very cool area of Ferndale. A three-minute walk gets you to Detroit Fleet, a dog-friendly bar with food trucks. You can also walk or bike to B. Nektar, a hip Meadery and taproom. There are well-marked bike lanes on 9 Mile Rd that take you directly to Downtown Ferndale in about seven minutes. The surrounding area is perfect for anyone who wants to be close to the action and freeways. I-75 is a quarter of a mile from the house with quick access to I-696, but the best part of that is you won’t hear the road noise. When you are home, the yard is big enough to enjoy time outside but not so big that you’ll waste your weekend mowing. While there is no basement, there is plenty of storage in the large closets and two car garage. At this price point, there is lots of upside to update the home. You can redo the floors, update the bathroom, and tackle the kitchen while you’re at it. If you plan to rent the home, rents are around $1,600/month and have gone higher for some top notch two bed homes. 1845 Pilgrim is a great option for everyone.

Details

Property type

Single Family Residence

Est. home value

$170,876

Lot size

4,356 sq ft

Price per sq ft

$185

Year built

1924

Annual property taxes

$3,138

Price History

11/04/2024
Realcomp

Realcomp #20240083149

Listed
$160,000
+36.75%
01/25/2019
Realcomp

Realcomp #218061710

Sold
$117,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Hazel Park

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Michigan State Housing Development Autho

Loan start date

January 2019

Original loan amount

$6,963

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

2nd Mortgage made to cover Down Payment

Seller

Justin Garcia and Becca Davis

Lender

Staunton Financial Inc

Loan start date

January 2019

Original loan amount

$113,490

Est. remaining balance

$102,187

Interest rate

4.75%

Loan type

New Conventional, 30 year

Seller

Justin Garcia and Becca Davis

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: 11/08/2024 at 9:55 AM

Listing updated: 11/07/2024 at 6:05 AM

Listed by: Austin Bateman, Max Broock, REALTORS-Royal Oak Phone #: (248) 548-9100

MLS: Realcomp #20240083149

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