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$125,000

Beds
3
Baths
2.0
sq ft
1,261

21925 Linwood Ave, Eastpointe, MI 48021

21925 Linwood Ave

Eastpointe, MI 48021

  • 24 days on market
Great opportunity to add value to a large, 3 bedroom home in Eastpointe. With high values immediately surrounding the property, build your own equity in your dream home or as an investment property. As an investment, high surrounding rents mean great cash flow as well. Larger items have been taken care of for you already including water heater (2022), furnace (2022), deck repairs (2022) and partial new driveway (2023). The home features a formal dining room, deck, screened in porch AND basement. At 9 Mile and Gratiot, tons of dining and entertainment options are right nearby as well.

Details

Property type

Single Family Residence

Est. home value

$129,797

Lot size

4,792 sq ft

Price per sq ft

$100

Year built

1926

Annual property taxes

$4,425

Price History

08/19/2024
Realcomp

Realcomp #20240061385

Listed
$125,000
-1.57%
06/25/2024
Realcomp

Realcomp #20240014438

Removed
$127,000
04/16/2024
Realcomp

Realcomp #20240014438

Price change
$127,000
-0.78%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Eastpointe Community 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

$45,710
Asking price
$125,000
Closing costs (~8% of asking)
-$10,000
Est. remaining loan balance
-$69,290
Cash to seller
$45,710

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mld Mortgage

Loan start date

September 2022

Original loan amount

$71,250

Est. remaining balance

$69,290

Interest rate

5.54%

Loan type

New Conventional, 30 year

Seller

Teresa Trammell and James Trammell Jr

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: 09/13/2024 at 5:15 AM

Listing updated: 08/23/2024 at 6:03 AM

Listed by: Joseph Hammel, Keller Williams Somerset Phone #: (248) 649-7200

MLS: Realcomp #20240061385

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