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$445,000

Beds
8
Baths
4.0
sq ft
3,244

302 N Hamilton St, Ypsilanti, MI 48197

302 N Hamilton St

Ypsilanti, MI 48197

  • 38 days on market
    • Price drop $10,000↓
This 3,244 SF, 8-bedroom, 4-bath home from 1898 is a standout opportunity. Fully leased and featuring 2 kitchens, a large front/side porch, and ample rear parking, it combines historic appeal with modern convenience. Located on a corner lot, it offers the potential to add value by converting the spacious basement and attic into separate units. Don't miss your chance to own a piece of Ypsilanti's history with significant income potential! Rent roll is available upon request.

Details

Property type

Single Family Residence

Est. home value

$400,794

Lot size

0.25 acres

Price per sq ft

$138

Year built

1898

Annual property taxes

$10,348.23

Price History

09/09/2024
Realcomp

Realcomp #81024045215

Price change
$445,000
-2.2%
08/28/2024
Realcomp

Realcomp #81024045215

Listed
$455,000
+31.88%
06/16/2023
Realcomp

Realcomp #20230017033

Sold
$345,000

Schools & Community

Neighborhood: 

Riverside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

$86,328
Asking price
$445,000
Closing costs (~8% of asking)
-$35,600
Est. remaining loan balance
-$323,072
Cash to seller
$86,328

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

Seller’s Loan History

Lender

Arch Mortgage

Loan start date

June 2023

Original loan amount

$327,750

Est. remaining balance

$323,072

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Thomas Gene Mccormack

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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Price drop
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9535 Glenhill Dr, Ypsilanti, MI 48198

Status: Active

Tomo last checked: 10/05/2024 at 9:20 PM

Listing updated: 09/18/2024 at 10:51 AM

Listed by: Douglas Allen, Phone #: (734) 882-8888

MLS: Realcomp #81024045215

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