tomo logo

$99,900

Beds
4
Baths
1.0
sq ft
1,128

23040 Shakespeare Ave, Eastpointe, MI 48021

23040 Shakespeare Ave

Eastpointe, MI 48021

  • 227 days on market
    • Price drop $10,000↓
a hidden gem awaiting transformation in the heart of Eastpointe! This property offers a solid foundation and endless potential for the savvy investor or ambitious homeowner seeking a rewarding renovation project. Nestled in a desirable neighborhood, this house boasts a prime location with convenient access to local amenities, schools, and transportation routes. With its classic charm and spacious layout, it presents an excellent canvas for your creative vision. While the home is in need of a complete rehabilitation, its sturdy foundation provides a solid base for your endeavors. Let your imagination run wild as you envision the possibilities to revitalize this space into your dream residence. With ample space for customization, you have the opportunity to design your ideal layout, select premium finishes, and create a personalized haven tailored to your lifestyle preferences.

Details

Property type

Single Family Residence

Est. home value

$131,872

Lot size

4,356 sq ft

Price per sq ft

$89

Year built

1925

Annual property taxes

$5,332.66

Price History

10/08/2024
Realcomp

Realcomp #58050138087

Listed
$99,900
10/08/2024
Realcomp

Realcomp #58050138087

Removed
$99,900
08/02/2024
Realcomp

Realcomp #58050138087

Price change
$99,900
-9.1%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Eastpointe Community Schools

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

Hometown Lenders Inc

Loan start date

May 2021

Original loan amount

$70,600

Est. remaining balance

$61,237

Interest rate

3.17%

Loan type

New Conventional, 20 year

Seller

Gary Farnam Iii

Lender

Michigan State Housing Dev Authority

Loan start date

March 2020

Original loan amount

$4,078

Est. remaining balance

Not provided

Interest rate

3.65%

Loan type

2nd Mortgage made to cover Down Payment

Seller

Gary Farnam Iii

Lender

Everett Financial Inc

Loan start date

March 2020

Original loan amount

$63,050

Est. remaining balance

$57,159

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Gary Farnam Iii

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 6:55 PM

Listing updated: 10/08/2024 at 11:33 AM

Listed by: Chris Halpin, RE/MAX First Phone #: (586) 773-4400

MLS: Realcomp #58050138087

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