tomo logo

$150,000

Beds
3
Baths
1.5
sq ft
1,674

5504 Buckingham Ave, Detroit, MI 48224

5504 Buckingham Ave

Detroit, MI 48224

  • 16 days on market
ATTENTION INVESTORS! This is your opportunity to purchase 4 properties located in Detroit's desirable Morningside subdivision of 600k! All are tenant occupied. This property is a large brick colonial with very spacious rooms including 3 bedrooms, a large kitchen, a spacious living room and a formal dining room. Located just a few steps from the newly remodeled Ronald Brown Academy (pre-K through 8th grade). Unable to show until offer received and accepted due to current tenant occupation.

Details

Property type

Single Family Residence

Est. home value

$73,220

Lot size

4,356 sq ft

Price per sq ft

$90

Year built

1937

Annual property taxes

$1,744.13

Price History

12/06/2024
MiRealSource

MiRealSource #50162558

Listed
$150,000

Schools & Community

Neighborhood: 

Morningside

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit City School District

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

Sophia D Sims

Loan start date

December 2006

Original loan amount

$32,400

Est. remaining balance

Not provided

Interest rate

6.1%

Loan type

Stand Alone Second, 16 year

Seller

Tarlease Hayes

Lender

New Century Mortgage Corp

Loan start date

December 2006

Original loan amount

$129,600

Est. remaining balance

Not provided

Interest rate

10%

Loan type

Not Provided, 30 year

Seller

Tarlease Hayes

Lender

New Century Mortgage Corp

Loan start date

December 2006

Original loan amount

$129,600

Est. remaining balance

Not provided

Interest rate

10%

Loan type

Not Provided, 30 year

Seller

Tarlease Hayes

Lender

Sophia D Sims

Loan start date

December 2006

Original loan amount

$32,400

Est. remaining balance

Not provided

Interest rate

6.1%

Loan type

Stand Alone Second, 16 year

Seller

Tarlease Hayes

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 5:05 AM

Listing updated: 12/06/2024 at 9:40 AM

Listed by: Paula Draper, Higbie Maxon Agney Inc Phone #: (313) 886-3400

MLS: MiRealSource #50162558

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