tomo logo

$199,500

Beds
3
Baths
2.0
sq ft
1,303

307 W Otis Ave, Hazel Park, MI 48030

307 W Otis Ave

HazelParkCity_Oakland, MI 48030

    • Price drop $15,500↓
Great Location, Excellent Rental/Live In Or Flip, 3 Bedrooms, 2 Full Baths, 1200 sqft With All Appliances Included. This Property Is Located On A Large Corner Lot.

Details

Property type

Single Family Residence

Est. home value

$185,305

Lot size

6,098 sq ft

Price per sq ft

$154

Year built

1996

Annual property taxes

$5,389

HOA

No

Price History

03/12/2025
Realcomp

Realcomp #20250008734

Listed
$199,500
+47.78%
09/01/2022
MiRealSource

MiRealSource #50087124

Sold
$135,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

HazelPark

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

$25,890
Asking price
$199,500
Closing costs (~8% of asking)
-$15,960
Est. remaining loan balance
-$157,650
Cash to seller
$25,890

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

March 2023

Original loan amount

$161,500

Est. remaining balance

$157,650

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Jane P Goure

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?

Similar Homes Nearby

Realcomp
$200,000
3 bd
|
2 ba
|
1,518 sq ft
|
House

23801 Winifred Ave, Warren, MI 48091

Price drop
Realcomp
$181,000
3 bd
|
1.5 ba
|
1,213 sq ft
|
House

23432 Cayuga Ave, Hazel Park, MI 48030

Price drop
Realcomp
$189,900
3 bd
|
1 ba
|
1,137 sq ft
|
House

631 Spencer St, Ferndale, MI 48220

Status: Active

Tomo last checked: 03/31/2025 at 11:15 AM

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

Listed by: Ziyad Nasr, KW Domain Phone #: (248) 590-0800

MLS: Realcomp #20250008734

Realcomp logo

Recently listed in HazelParkCity_Oakland

$450,000|3 bd|2.0 ba|House
$124,900|2 bd|1.0 ba|House
$219,000|4 bd|2.0 ba|House
$180,000|3 bd|1.0 ba|House
$150,000|2 bd|1.0 ba|House
$164,000|3 bd|1.0 ba|House