tomo logo

$650,000

Beds
3
Baths
2.5
sq ft
1,477

3940 4th St, Detroit, MI 48201

3940 4th St

Detroit, MI 48201

  • 15 days on market
Rare opportunity to purchase a Midtown Detroit Eco Home - sustainable urban living at its finest! This remarkable home embodies energy efficiency and environmental consciousness, all within a dynamic and walkable neighborhood. Complete with solar panels, heat pump HVAC system, tankless water heater, and other architectural features designed for net zero electrical usage and reduced energy consumption. The NEZ Certificate extends tax abatement through 2035. The interior is bathed in natural light, and the main floor boasts an open-concept design, connecting the kitchen, dining room, and living room, creating an inviting space for both everyday living and entertaining. Hardwood floors flow throughout, adding warmth and elegance to the contemporary aesthetic. Kitchen has premium wood cabinets, quartz countertops, stainless steel appliances, a spacious pantry and large center island. Upstairs, retreat to the tranquility of two bedrooms, each with ample closet space and large windows. The versatile, sun-lit loft can be an office, reading nook, or artist's studio. The spa-like bathroom features a luxurious soaking tub, separate walk-in shower, and modern vanity. The finished basement offers additional living space, perfect for hosting guests, with a third bedroom, full bathroom, and flexible space with cork floors making it ideal as a family room or workout room, plus laundry and plenty of storage. Outside enjoy the serenity of the covered front porch and rear patio. Relax in the whimsical backyard, with its clover lawn, gravel garden, trees, and low-maintenance perennials. The oversized one-car garage provides additional storage, including a pulley system for 2 kayaks, and the gated rear paver pad offers parking for a second vehicle or an excellent spot for entertaining. Located within proximity to Wayne State, Detroit Medical Center, restaurants, grocery stores, children's and dog parks, and within the Edmonson Elementary Public Montessori priority admission zone.

Details

Property type

Single Family Residence

Est. home value

$705,807

Lot size

3,485 sq ft

Price per sq ft

$441

Year built

2020

Annual property taxes

$4,810

Monthly HOA fee

$235

Price History

06/17/2024
Realcomp

Realcomp #20240028581

Removed
$675,000
+3.85%
06/17/2024
Realcomp

Realcomp #20240042755

Listed
$650,000
-3.7%
04/30/2024
Realcomp

Realcomp #20240028581

Listed
$675,000
+30.1%

Schools & Community

Neighborhood: 

Midtown

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

Detroit Investment Fund

Loan start date

November 2018

Original loan amount

$4,200,000

Est. remaining balance

Not provided

Interest rate

4.65%

Loan type

Building or Construction Loan

Seller

Eco Homesllc

Lender

Detroit Investment Fund

Loan start date

November 2018

Original loan amount

$4,200,000

Est. remaining balance

Not provided

Interest rate

4.65%

Loan type

Building or Construction Loan

Seller

Eco Homesllc

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: 07/02/2024 at 7:15 PM

Listing updated: 06/18/2024 at 6:04 AM

Listed by: Deborah S Gannes, @properties Christie's Int'l R.E. Birmingham Phone #: (248) 850-8632

MLS: Realcomp #20240042755

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