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$285,000

Beds
3
Baths
1.0
sq ft
1,817

408 Emmet St, Ypsilanti, MI 48197

408 Emmet St

Ypsilanti, MI 48197

  • 42 days on market
    • Price drop $15,000↓
Nestled in Ypsilanti's Midtown district, this charming c1915 historic 2-story home is conveniently located within walking distance of EMU, Depot Town, or downtown Ypsi. Situated on a corner lot, it offers a perfect blend of city living and suburban charm, with ample space for gardening and outdoor entertaining. The property features a 1-car detached garage. Inside you'll find hardwood flooring, abundant natural light, and period details such as the brick fireplace, original windows, doors, moulding and hardware. Don't miss this opportunity to own a piece of Ypsilanti's heritage. Seller offering a $1000 credit towards a radon mitigation system. Buyer or buyer's agent to verify all information.

Details

Property type

Single Family Residence

Est. home value

$281,679

Lot size

5,227 sq ft

Price per sq ft

$157

Year built

1915

Annual property taxes

$5,525

Price History

06/13/2024
Realcomp

Realcomp #54024025937

Price change
$285,000
-5%
06/13/2024
Realcomp

Realcomp #54024025937

Listed
$300,000
06/08/2024
Realcomp

Realcomp #54024025937

Pending
$300,000

Schools & Community

Neighborhood: 

Riverside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

$146,831
Asking price
$285,000
Closing costs (~8% of asking)
-$22,800
Est. remaining loan balance
-$115,369
Cash to seller
$146,831

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

Seller’s Loan History

Lender

Huron Valley Financial Inc

Loan start date

May 2016

Original loan amount

$139,680

Est. remaining balance

$115,369

Interest rate

3.59%

Loan type

New Conventional, 30 year

Seller

Kelsey Mccormick

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: 07/05/2024 at 12:45 AM

Listing updated: 06/13/2024 at 1:13 PM

Listed by: Alexander W Munro, Phone #: (734) 272-6612

MLS: Realcomp #54024025937

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