tomo logo

$415,000

Beds
8
Baths
4.0
sq ft
1,798

217 N Normal St, Ypsilanti, MI 48197

217 N Normal St

Ann Arbor, MI 48197

  • 2 days on market
Amazing Opportunity to own a 3-unit rental close to EMU campus. Used as a student rental for the last few years. Rents total-$4,400/ month. Units have separate entrances and their own kitchens (4 Kitchens total, one on each level). Tenants pay utilities. Separate Electric Meters, only one gas and water meter.

Details

Property type

Single Family Residence

Est. home value

$485,504

Lot size

0.24 acres

Price per sq ft

$231

Year built

1909

Annual property taxes

$11,119

Price History

01/30/2025
Realcomp

Realcomp #81025003491

Listed
$415,000
+0.73%
08/15/2024
Realcomp

Realcomp #81024037695

Removed
$412,000
08/06/2024
Realcomp

Realcomp #81024037695

Price change
$412,000
-3.96%

Schools & Community

Neighborhood: 

Midtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

Fifth Third Bank

Loan start date

May 2019

Original loan amount

$249,000

Est. remaining balance

Not provided

Interest rate

4.75%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Duncan A Wright and Judith Wright

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: 02/02/2025 at 2:55 AM

Listing updated: 01/30/2025 at 12:44 PM

Listed by: Larry Gotcher, Resource Realty Group Phone #: (734) 800-2040

MLS: Realcomp #81025003491

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