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$155,000

Beds
3
Baths
1.0
sq ft
1,450

3461 Michael Ave, Warren, MI 48091

3461 Michael Ave

Warren, MI 48091

  • 35 days on market
    • Price drop $10,000↓
Charming Full-Brick Ranch – Move-In Ready! Nestled in a prime location south of 9 Mile This beautifully maintained and newly upgraded 3-bedroom ranch is ready to welcome its new owner Featuring a spacious family room, a dedicated dining area, and a convenient laundry room, this home is ready for comfortable living. Situated on a generous corner lot, it offers plenty of outdoor space to enjoy Estimated Value: 170k to 175k Property Tax: 1k to 2k range once the owner occupies the residence.

Details

Property type

Single Family Residence

Est. home value

$147,781

Lot size

0.27 acres

Price per sq ft

$107

Year built

1980

Annual property taxes

$3,974

Price History

01/14/2025
Realcomp

Realcomp #20240092736

Price change
$155,000
-6.06%
12/17/2024
Realcomp

Realcomp #20240092736

Listed
$165,000
+3.19%
12/05/2024
Realcomp

Realcomp #20240066577

Removed
$159,900

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Fitzgerald

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

$25,511
Asking price
$155,000
Closing costs (~8% of asking)
-$12,400
Est. remaining loan balance
-$117,089
Cash to seller
$25,511

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

March 2023

Original loan amount

$119,790

Est. remaining balance

$117,089

Interest rate

6.13%

Loan type

FHA, 30 year

Seller

Ervin Bristol

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 12:05 AM

Listing updated: 01/14/2025 at 11:00 AM

Listed by: Steve Koleno, Beycome Brokerage Realty LLC Phone #: (804) 656-5007

MLS: Realcomp #20240092736

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