tomo logo

$310,000

Beds
1
Baths
1.0
sq ft
750

2987 Franklin St, Detroit, MI 48207

2987 Franklin St

Detroit, MI 48207

  • 8 days on market
Luxury Loft Living at Franklin Loft's in Rivertown! This 1 bedroom loft is completely updated with stunning finishes. Exposed ceilings with wood rafters and wide open warehouse style windows give the city loft-living feel. The kitchen features Miele stainless steel appliances, Berloni kitchen cabinets, and hand made Fireclay backsplash. Large bedroom with walk-in custom California Closet. In-unit laundry room with great storage. Tankless water heater and heat pump for heating and cooling make it very energy efficient. Gated parking. Rentals allowed - great investment!

Details

Property type

Condominium

Est. home value

$340,960

Lot size

Unknown

Price per sq ft

$414

Year built

1943

Annual property taxes

$4,200

Monthly HOA fee

$225

Price History

06/24/2024
Realcomp

Realcomp #57050146316

Listed
$310,000

Schools & Community

Neighborhood: 

Rivertown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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

On Your Fork Llc

Loan start date

July 2019

Original loan amount

$1,850,000

Est. remaining balance

Not provided

Interest rate

4.06%

Loan type

Stand Alone Second

Seller

Chemical Bank

Lender

On Your Fork Llc

Loan start date

July 2019

Original loan amount

$1,850,000

Est. remaining balance

Not provided

Interest rate

4.06%

Loan type

Stand Alone Second

Seller

Chemical Bank

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: 07/02/2024 at 7:35 PM

Listing updated: 07/01/2024 at 1:03 PM

Listed by: Margo Barron, Pointe of Sail Realty Phone #: (734) 672-7699

MLS: Realcomp #57050146316

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