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$230,000

Beds
1
Baths
1.0
sq ft
710

2987 Franklin St Unit 11, Detroit, MI 48207

2987 Franklin St Unit 11

Detroit, MI 48207

  • 15 days on market
ndustrial corner loft located in Detroit's East Rivertown neighborhood with large warehouse windows and desirable features like sleek, high end finishes, concrete floors, and tall ceiling. Housed in the historic Dongan Building and originally built in 1905 to manufacture military parts during World War II. The bright, open kitchen is finished with a subway tile backsplash; stainless appliances with built-in under-cabinet microwave; hand built open shelving; and a custom kitchen island with tons of storage. The industrial-chic bathroom features spacious walk-in shower, and in-unit laundry. Included in the building is gated parking spaces, along with fiber internet, keyless entry system, security cameras, and additional resident storage, and an NEZ cert through 2035. You will fall in love with Detroit's Rivertown District, near the city center and close to attractions like the Detroit Riverwalk, Belle Isle, Chene Park, Dequindre Cut, and Eastern market. Schedule your private tour today!

Details

Property type

Condominium

Est. home value

$181,046

Lot size

Unknown

Price per sq ft

$324

Year built

1943

Annual property taxes

$3,339

Monthly HOA fee

$225

Price History

12/06/2024
Realcomp

Realcomp #20240090768

Listed
$230,000

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: 12/22/2024 at 4:55 AM

Listing updated: 12/07/2024 at 6:05 AM

Listed by: Jay Taylor, Good Company Phone #: (248) 733-5811

MLS: Realcomp #20240090768

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