tomo logo

$309,500

Beds
5
Baths
3.0
sq ft
1,495

418 Pearl St, Ypsilanti, MI 48197

418 Pearl St

Ypsilanti, MI 48197

  • 17 days on market
    • Open house Dec 22
Discover a RARE opportunity to own a versatile property in the heart of Ypsilanti's vibrant downtown, just a short walk from EMU and Depot Town. This well-maintained single-family home located in zoned CN (Core Neighborhood), offers flexible residential or potential business use. Featuring 5BR, 3BA, 02 full kitchens, and 02 separate entrances, it's perfect for living, renting, or both. Previously rented for $3,100/month, it's an excellent investment or owner-occupant opportunity. Recent updates include fresh paint and new stainless steel appliances. Sold As Is. Packed with possibilities, a great end of the year 1031 exchange property. This home is ready to explore--schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$272,368

Lot size

6,098 sq ft

Price per sq ft

$208

Year built

1884

Annual property taxes

$8,604.95

Price History

12/04/2024
Realcomp

Realcomp #81024061847

Listed
$309,500
-0.16%
10/02/2024
Realcomp

Realcomp #81024044449

Removed
$309,990
09/28/2024
Realcomp

Realcomp #81024044449

Price change
$309,990
-1.59%

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

$103,276
Asking price
$309,500
Closing costs (~8% of asking)
-$24,760
Est. remaining loan balance
-$181,464
Cash to seller
$103,276

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

$181,464

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: 12/22/2024 at 2:10 PM

Listing updated: 12/21/2024 at 3:15 PM

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

MLS: Realcomp #81024061847

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