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$300,000

Beds
5
Baths
3.0
sq ft
1,495

418 Pearl St, Ypsilanti, MI 48197

418 Pearl St

Ypsilanti, MI 48197

  • 102 days on market
    • Price drop $4,500↓
BACK ON THE MARKET AFTER PASSING ALL CONTINGENCIES--NO FAULT OF THE SELLER!This rare multigenerational home in the heart of Ypsilanti's vibrant downtown offers incredible flexibility! Featuring 5 bedrooms, 3 FULL bathrooms, 2 FULL kitchens, and 2 separate entrances, it can function as a DUPLEX, shared home, rental, or Airbnb. Previously rented for $3,100/month, this is an outstanding investment or owner-occupant opportunity.Located in Core Neighborhood (CN) zoning, the property allows for flexible residential or potential business use. Just a short walk to EMU and Depot Town, this home offers both convenience and charm. Recent updates include fresh paint and new stainless steel appliances.Vacant and move-in ready--don't miss this opportunity!

Details

Property type

Single Family Residence

Est. home value

$272,368

Lot size

6,098 sq ft

Price per sq ft

$201

Year built

1884

Annual property taxes

$8,604.95

Price History

03/13/2025
Realcomp

Realcomp #81024061847

Price change
$300,000
-1.48%
03/04/2025
Realcomp

Realcomp #81024061847

Listed
$304,500
02/02/2025
Realcomp

Realcomp #81024061847

Pending
$304,500

Schools & Community

Neighborhood: 

Midtown

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

$95,544
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$180,456
Cash to seller
$95,544

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

Seller’s Loan History

Lender

Gold Star Mortgage Financial Group Corp

Loan start date

February 2022

Original loan amount

$192,000

Est. remaining balance

$180,456

Interest rate

3.45%

Loan type

New Conventional, 30 year

Seller

Jill C Johnson

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: 03/17/2025 at 10:20 AM

Listing updated: 03/16/2025 at 3:19 PM

Listed by: Anh Le, The Charles Reinhart Company Phone #: (734) 769-3800

MLS: Realcomp #81024061847

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