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$147,140Estimated home value

Beds
3
Baths
1.5
sq ft
1,342

22796 Melrose Ave, Eastpointe, MI 48021

22796 Melrose Ave

Eastpointe, MI 48021

  • Off market
Land contract terms available! Perfect home for someone who wants to build sweat equity. Price reflects work to be done. Homes in the area 200 sq ft smaller are going for the 150,000's. Three bedrooms one full one half bath. Basement & two car detached garage. Fenced in yard for your dogs to roam. Close to shopping, restaurants & schools. Close to freeway for easy commute to work.

Details

Property type

Single Family Residence

Est. home value

$147,140

Lot size

6,970 sq ft

Price per sq ft

$94

Year built

1929

Annual property taxes

$2,367.22

Price History

09/05/2024
MiRealSource

MiRealSource #50152075

Removed
$124,900
08/18/2024
MiRealSource

MiRealSource #50152075

Listed
$124,900
08/18/2024
MiRealSource

MiRealSource #50152075

Pending
$124,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Eastpointe Community Schl

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

$79,108
Asking price
$124,900
Closing costs (~8% of asking)
-$9,992
Est. remaining loan balance
-$35,800
Cash to seller
$79,108

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

Seller’s Loan History

Lender

American Equity Mortgage Inc

Loan start date

December 2003

Original loan amount

$70,000

Est. remaining balance

$35,800

Interest rate

6.05%

Loan type

Not Provided, 30 year

Seller

Betty L Morse

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: Off Market

Tomo last checked: 09/13/2024 at 5:10 AM

Listing updated: 08/28/2024 at 3:02 PM

Listed by: Brian Thomas, Berkshire Hathaway HomeServices Kee Realty NB Phone #: (586) 315-5700

MLS: MiRealSource #50152075

MiRealSource logo

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