tomo logo

$80,000

Beds
3
Baths
1.0
sq ft
971

24270 Columbus Ave, Warren, MI 48089

24270 Columbus Ave

Warren, MI 48089

  • Coming soon
Attention investors or homeowners looking for a sweat equity opportunity! This 3-bedroom, 1-bath ranch in Warren, is a prime opportunity to build equity and generate strong returns. Featuring an extra large primary bedroom, a spacious yard, and a 2-car garage, this property has the attributes that attract long-term tenants or future buyers. With a functional layout and solid structure, it’s an ideal candidate for cosmetic updates that can significantly boost its value. Located in a high-demand rental market with convenient access to shopping, schools, and major freeways, this home offers strong potential for appreciation. Whether you're looking for a fix-and-flip project or a rental with high equity potential to add to your portfolio, this is a chance to capitalize on this high-equity investment opportunity!

Details

Property type

Single Family Residence

Est. home value

$98,930

Lot size

9,148 sq ft

Price per sq ft

$83

Year built

1938

Annual property taxes

$1,452

Price History

06/15/2017
MiRealSource

MiRealSource #31313005

Sold
$50,000
+138.1%
11/25/2014
Realcomp

Realcomp #214101658

Sold
$21,000

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

$70,088
Asking price
$80,000
Closing costs (~8% of asking)
-$6,400
Est. remaining loan balance
-$3,512
Cash to seller
$70,088

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

December 2023

Original loan amount

$3,579

Est. remaining balance

$3,512

Interest rate

7.79%

Loan type

FHA, 24 year

Seller

Kayla Gagnon

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: Coming Soon

Tomo last checked: 03/18/2025 at 5:00 PM

Listing updated: 03/18/2025 at 6:04 AM

Listed by: Vence J McBride, Keller Williams Paint Creek Phone #: (248) 609-8000

MLS: Realcomp #20250017905

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