tomo logo

$140,000

Beds
3
Baths
1.0
sq ft
1,239

18658 Rutherford St, Detroit, MI 48235

18658 Rutherford St

Detroit, MI 48235

  • <1 day on market
Investment Opportunity! This 3-bedroom, 1-bathroom bungalow at 18658 Rutherford Street in Detroit offers a great option for those seeking an investment property. The tenant provides one-thousand two-hundred per month in rental income, offering a reliable income stream. Located in a well-established area, this 1,239 sq ft home includes a primary bedroom on the second floor and two additional bedrooms on the main level. The partially finished basement adds 600 sq ft of extra space for a variety of uses. The property sits on a 40 x 112 ft lot and features a 1-car detached garage with a manageable yard. The brick exterior and upkeep of the property make it a solid addition to any portfolio.

Details

Property type

Single Family Residence

Est. home value

$106,133

Lot size

4,792 sq ft

Price per sq ft

$113

Year built

1942

Annual property taxes

$1,454

Price History

09/23/2024
Realcomp

Realcomp #20240071526

Listed
$140,000
+251.76%
09/18/2019
Realcomp

Realcomp #219053523

Sold
$39,800

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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 Homeowner Assistance Nonprofit

Loan start date

October 2014

Original loan amount

$5,848

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Tracey Patrick and Tracey Y Patrick

Lender

Michigan Homeowner Assistance Nonprofit

Loan start date

October 2014

Original loan amount

$5,848

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Tracey Patrick and Tracey Y Patrick

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: 09/23/2024 at 11:30 PM

Listing updated: 09/23/2024 at 7:21 PM

Listed by: Sotero M Lopez II, EXP Realty LLC Phone #: (888) 501-7085

MLS: Realcomp #20240071526

Realcomp logo

Recently listed in Detroit

$126,000|3 bd|2.5 ba|House
$95,000|3 bd|1.5 ba|House
$75,000|3 bd|1.0 ba|House
$140,000|3 bd|1.0 ba|House
$149,900|3 bd|1.5 ba|House
$85,000|3 bd|1.0 ba|House
$80,000|2 bd|1.0 ba|House
$80,000|3 bd|1.5 ba|House
$149,000|3 bd|1.0 ba|House