tomo logo

$109,000

Beds
3
Baths
1.0
sq ft
1,275

24228 Melrose Ave, Eastpointe, MI 48021

24228 Melrose Ave

Eastpointe, MI 48021

  • 2 days on market
Spacious home with a brick fireplace in the Family Room. Home has good sized yard with a Deck. Long time tenant is paying under market value at $900 a month. Property is rental Certified. Home is near restaurants, shopping, and major freeways. Do not disturb tenants! No showings without an accepted offer.

Details

Property type

Single Family Residence

Est. home value

$104,858

Lot size

5,227 sq ft

Price per sq ft

$86

Year built

1928

Annual property taxes

$3,226

Price History

03/12/2025
Realcomp

Realcomp #20250016650

Listed
$109,000
+179.49%
10/19/2015
MiRealSource

MiRealSource #31256716

Sold
$39,000

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

$48,446
Asking price
$109,000
Closing costs (~8% of asking)
-$8,720
Est. remaining loan balance
-$51,834
Cash to seller
$48,446

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

Seller’s Loan History

Lender

Hall Financial Group

Loan start date

March 2023

Original loan amount

$53,100

Est. remaining balance

$51,834

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Adedayo Shittu

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: 03/15/2025 at 8:50 PM

Listing updated: 03/14/2025 at 6:04 AM

Listed by: Roland C Walker III, KW Grosse Pointe Phone #: (313) 886-7239

MLS: Realcomp #20250016650

Realcomp logo

Recently listed in Eastpointe

$135,000|3 bd|1.0 ba|House
$109,000|3 bd|1.0 ba|House
$194,900|3 bd|1.0 ba|House
$167,500|3 bd|1.0 ba|House
$140,000|2 bd|1.0 ba|House
$129,900|3 bd|1.0 ba|House
$135,000|3 bd|1.0 ba|House