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$259,000

Beds
3
Baths
2.0
sq ft
1,200

21601 Poinciana St, Southfield, MI 48033

21601 Poinciana St

Southfield, MI 48033

  • 193 days on market
    • Price drop $5,900↓
Great investment opportunity...this 3 bedroom, 2 full bath ranch comes with a tenant who just signed a 2 year lease 6/3/24 for $2300/month. Very low maintenance as everything has been updated....new kitchen with granite countertops & subway tile backsplash, new stainless steel appliances, new HVAC, new electrical, new roof, new siding, new floors, new paint....too many updates to list them all! You'll also find an oversized 2 car garage and a large deck overlooking a beautiful, deep backyard. A safe investment to add to your portfolio!

Details

Property type

Single Family Residence

Est. home value

$157,975

Lot size

0.25 acres

Price per sq ft

$216

Year built

1941

Annual property taxes

$3,539

Price History

06/02/2024
Realcomp

Realcomp #20240032289

Price change
$259,000
-2.23%
05/28/2024
Realcomp

Realcomp #20240032289

Price change
$264,900
-5.05%
05/20/2024
Realcomp

Realcomp #20240032289

Price change
$279,000
-6.69%

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

$95,420
Asking price
$259,000
Closing costs (~8% of asking)
-$20,720
Est. remaining loan balance
-$142,860
Cash to seller
$95,420

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 Research Center Llc

Loan start date

April 2022

Original loan amount

$150,000

Est. remaining balance

$142,860

Interest rate

3.92%

Loan type

VA, 30 year

Seller

Leon Lucas

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 4:20 PM

Listing updated: 11/12/2024 at 10:50 AM

Listed by: Kimberly A Bow, Wilhelm & Associates Phone #: (248) 625-9500

MLS: Realcomp #20240032289

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