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$399,000

Beds
5
Baths
5.0
sq ft
2,382

330 Melbourne St, Detroit, MI 48202

330 Melbourne St

Detroit, MI 48202

  • 27 days on market
BEST VALUE IN THE CITY**5 BED/5 FULL BATH + APARTMENT, UPDATED TOP TO BOTTOM. Massive North End property has been meticulously restored. Homeowners or investors looking for a unique property near Wayne State University and Detroit's bustling Downtown scene - This is it! Owner has spared no expense in updating the property while maintaining the history and charm unique to early 20th century construction. Enter from the large covered porch to find a large foyer with sitting area, grand stair case and recessed lighting. Home has gorgeous wood flooring throughout. Living room is large and spacious, with tons of natural light, and extends out into the formal dining room. Dining room has wood ceiling beams, decor lighting and full bathroom with shower. Gourmet kitchen is spacious and features new cabinets, granite, and stainless steel appliances. Upstairs 2nd floor has 4 generous sized bedrooms, including a primary EN SUITE with designer full bath AND a separate guest full bath to service the remaining rooms. 3rd Floor apartment can be accessed from inside the home or from the exterior balcony, and features a kitchenette, full bathroom and living/sleeping area. Basement has a finished bedroom with daylight window, full updated bathroom with shower, new furnace/water tank and plumbed laundry area. Exterior has new windows, new roof, new central air unit, fenced yard with 6 ft privacy fence and transferable alarm system. Corner lot with detached BRICK 2 CAR GARAGE. Walking distance to the Schvitz Health club, trendy restaurants, bars, and coffee shops on E Grand Blvd. Close proximity to amenities and public transportation on Woodward and all major freeways. Billions of dollars in new projects are underway and being planned in the North End and neighboring New Center area. Terrific opportunity to acquire a generational estate. Call/text for showings and information. Home is alarmed, please do not approach without a showing.

Details

Property type

Single Family Residence

Est. home value

$262,243

Lot size

3,485 sq ft

Price per sq ft

$168

Year built

1911

Annual property taxes

$4,811

Price History

10/08/2024
Realcomp

Realcomp #20240076232

Listed
$399,000
-2.44%
10/01/2024
Realcomp

Realcomp #20240043499

Removed
$409,000
07/23/2024
Realcomp

Realcomp #20240043499

Price change
$409,000
-2.39%

Schools & Community

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

Commercial Lender Llc

Loan start date

April 2022

Original loan amount

$214,500

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Building or Construction Loan, 30 year

Seller

Equity Management Group Llc

Lender

Commercial Lender Llc

Loan start date

April 2022

Original loan amount

$214,500

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Building or Construction Loan, 30 year

Seller

Equity Management Group Llc

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: 11/05/2024 at 7:35 AM

Listing updated: 10/24/2024 at 4:15 AM

Listed by: Sam Berri, U.S. Investor Group Phone #: (313) 644-0034

MLS: Realcomp #20240076232

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