tomo logo

$99,500

Beds
2
Baths
1.0
sq ft
682

23735 Melrose Ave, Eastpointe, MI 48021

23735 Melrose Ave

Eastpointe, MI 48021

  • 90 days on market
    • Price drop $15,500↓
DON'T MISS OUT on this 2 Bedroom Ranch. Perfect for the first-time home buyer or investor to generate income (potential $1,200 rent). This home is ready for you to make it your own. Conveniently located close to highways, schools, parks, shopping, restaurants and more. Don’t Miss Out - Call agent for a showing! All room sizes are estimated. Sold as is.

Details

Property type

Single Family Residence

Est. home value

$122,220

Lot size

7,405 sq ft

Price per sq ft

$146

Year built

1942

Annual property taxes

$1,713

Price History

09/24/2024
Realcomp

Realcomp #20240063002

Price change
$99,500
-13.48%
08/23/2024
Realcomp

Realcomp #20240063002

Listed
$115,000
+144.68%
07/08/2016
Realcomp

Realcomp #216029463

Sold
$47,000

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

$54,950
Asking price
$99,500
Closing costs (~8% of asking)
-$7,960
Est. remaining loan balance
-$36,590
Cash to seller
$54,950

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 1 Inc

Loan start date

July 2016

Original loan amount

$44,650

Est. remaining balance

$36,590

Interest rate

3.58%

Loan type

New Conventional, 30 year

Seller

Douglas R Thompson

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 9:05 AM

Listing updated: 10/14/2024 at 10:29 AM

Listed by: Alexis J Thompson, Slater Signature Homes Phone #: (313) 309-7047

MLS: Realcomp #20240063002

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