tomo logo

$260,000

Beds
6
Baths
3.0
sq ft
2,729

316 Elm St, Kalamazoo, MI 49007

316 Elm St

Kalamazoo, MI 49007

  • 38 days on market
    • Price drop $10,000↓
This gorgeous 2-unit house featuring a 2-bed/1-bath on the main level and a very large upper 4-bed/2-bath unit and expected to bring in at least $2700 per month. This property has so much potential, from being a great investment property, to someone who wants to ''house-hack'' and rent one unit out while living in the other, to transforming the very large partially finished attic space into something amazing. The ideas are endless. Featuring a full basement with shared laundry area, plenty of storage throughout the house, a semi-fenced and private backyard, and off-street parking including a 1-stall detached garage. The entry way is absolutely stunning with the woodwork and ''grandness'' of it all. Don't miss out, see this one soon!

Details

Property type

Single Family Residence

Est. home value

$251,753

Lot size

6,534 sq ft

Price per sq ft

$96

Year built

1893

Annual property taxes

$7,760.51

Price History

11/13/2024
Realcomp

Realcomp #65024054148

Price change
$260,000
-3.7%
10/29/2024
Realcomp

Realcomp #65024054148

Price change
$270,000
-5.26%
10/15/2024
Realcomp

Realcomp #65024054148

Price change
$285,000
-4.68%

Schools & Community

Neighborhood: 

Stuart

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Kalamazoo

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

$95,707
Asking price
$260,000
Closing costs (~8% of asking)
-$20,800
Est. remaining loan balance
-$143,493
Cash to seller
$95,707

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

Seller’s Loan History

Lender

Griffin Funding Inc

Loan start date

July 2021

Original loan amount

$154,400

Est. remaining balance

$143,493

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Savannah Jo Pollock

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: 11/22/2024 at 4:15 AM

Listing updated: 11/13/2024 at 8:25 AM

Listed by: Houston Moyer, Place Real Estate Phone #: (616) 229-9877

MLS: Realcomp #65024054148

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