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$234,900

Beds
4
Baths
2.0
sq ft
1,444

30486 Groveland St, Madison Heights, MI 48071

30486 Groveland St

Madison Heights, MI 48071

  • 8 days on market
Charming 4-bedroom, 2-bathroom home in Madison Heights, fully remodeled in 2024! This updated property features modern finishes and plenty of space, making it a great investment opportunity. The current tenants are in place with a lease through May 31, 2025, paying $1,900 per month. They are wonderful, reliable tenants, offering immediate rental income for any investor. Located in a desirable neighborhood, this home is close to amenities, parks, and major roads. Don’t miss out on this turn-key property!

Details

Property type

Single Family Residence

Est. home value

$150,513

Lot size

9,583 sq ft

Price per sq ft

$163

Year built

1947

Annual property taxes

$5,279

Price History

01/13/2025
Realcomp

Realcomp #20250002855

Listed
$234,900
+4.45%
04/12/2024
Realcomp

Realcomp #20240019711

Removed
$224,900
04/11/2024
Realcomp

Realcomp #20240019711

Price change
$224,900
-2.17%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Lamphere

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

$143,436
Asking price
$234,900
Closing costs (~8% of asking)
-$18,792
Est. remaining loan balance
-$72,672
Cash to seller
$143,436

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

Seller’s Loan History

Lender

New Century Mortgage Corp

Loan start date

February 2006

Original loan amount

$123,500

Est. remaining balance

$72,672

Interest rate

6.21%

Loan type

New Conventional, 30 year

Seller

Michael Altizer and Lori Altizer

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: Active

Tomo last checked: 01/22/2025 at 2:55 AM

Listing updated: 01/14/2025 at 6:05 AM

Listed by: Laith Yousif, Top Agent Realty Phone #: (248) 277-4226

MLS: Realcomp #20250002855

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