tomo logo

$89,900

Beds
2
Baths
1.0
sq ft
733

2538 Norman St, Melvindale, MI 48122

2538 Norman St

MelvindaleCity_Wayne, MI 48122

  • Pending
Discover a charming, cozy house that not only welcomes you with its warmth but also stands out as a savvy investment. Currently rented for $1100 per month, this property offers immediate cash flow and the potential for long-term appreciation. Whether you're looking to secure your future home or expand your investment portfolio, this buy-and-hold opportunity delivers both comfort and financial promise. Don't miss out on owning a delightful home that pays for itself!

Details

Property type

Single Family Residence

Est. home value

$92,384

Lot size

4,356 sq ft

Price per sq ft

$123

Year built

1946

Annual property taxes

$3,581

HOA

No

Price History

03/27/2025
Realcomp

Realcomp #20250007892

Removed
$89,900
03/01/2025
Realcomp

Realcomp #20250007892

Pending
$89,900
02/05/2025
Realcomp

Realcomp #20250007892

Listed
$89,900
+28.43%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

MelvindaleAllenPk

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

Comerica Bank

Loan start date

January 2022

Original loan amount

$56,000

Est. remaining balance

$52,233

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Qasim Alkhafaji

Lender

Comerica Bank

Loan start date

January 2022

Original loan amount

$56,000

Est. remaining balance

$52,233

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Qasim Alkhafaji

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: Pending/Under Contract

Tomo last checked: 04/05/2025 at 10:50 AM

Listing updated: 03/25/2025 at 9:16 AM

Listed by: Al Alfarajalla, RE/MAX Team 2000 Phone #: (313) 561-0900

MLS: Realcomp #20250007892

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