tomo logo

$99,000

Beds
2
Baths
1.0
sq ft
960

551 Algonquin St, Detroit, MI 48215

551 Algonquin St

Detroit, MI 48215

  • 111 days on market
This craftsman-style home presents a great fixer-upper opportunity in Jefferson Chalmers with value adds like the two adjacent side lots, which are perfect for an urban garden or new structure. Currently set up for single-floor living with two bedrooms and one bath all on the main level, the home also offers a partially framed walk-up attic ready to be converted into additional bedrooms or living space, adding value and square footage. Hardwood floors throughout, a fantastic brick fireplace, and a charming kitchen with a ceramic farmhouse-style sink and ample space for cooking. Updates include; Sewer line completely replaced in 2019, roof 2018 and new HVAC in 2021. Only five minutes to Alfred Brush Ford Park, which is undergoing a $9M development, including new Community Center, walking paths, tennis and pickle ball courts, basketball courts, playgrounds, beach, arboretum and more. Plus new developments underway at the Jefferson Chalmers Historic Business District. Five short minutes to Coriander Kitchen and Farm, Yellow Light Coffee & Donuts, and the Eastside Canine to Five.

Details

Property type

Single Family Residence

Est. home value

$111,193

Lot size

3,485 sq ft

Price per sq ft

$104

Year built

1917

Annual property taxes

$646

Price History

09/02/2024
Realcomp

Realcomp #20240065271

Listed
$99,000
05/30/2024
Realcomp

Realcomp #81023145942

Removed
$99,000
02/21/2024
Realcomp

Realcomp #81023145942

Price change
$99,000
-13.91%

Schools & Community

Neighborhood: 

Jefferson Chalmers

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

Novastar Mortgage Inc

Loan start date

July 2004

Original loan amount

$66,000

Est. remaining balance

Not provided

Interest rate

9.95%

Loan type

Not Provided, 30 year

Seller

Ivan L Gipson Sr

Lender

Novastar Mortgage Inc

Loan start date

July 2004

Original loan amount

$66,000

Est. remaining balance

Not provided

Interest rate

9.95%

Loan type

Not Provided, 30 year

Seller

Ivan L Gipson Sr

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?

Similar Homes Nearby

Price drop
Realcomp
$85,000
2 bd
|
1 ba
|
770 sq ft
|
Condo

8900 E Jefferson Ave Unit 1229, Detroit, MI 48214

Realcomp
$105,000
2 bd
|
1 ba
|
987 sq ft
|
Condo

8300 E Jefferson Ave Unit 108, Detroit, MI 48214

Price drop
Realcomp
$109,900
2 bd
|
2 ba
|
1,200 sq ft
|
Condo

8900 E Jefferson Ave Unit 630, Detroit, MI 48214

Status: Active

Tomo last checked: 12/22/2024 at 12:15 PM

Listing updated: 11/22/2024 at 9:00 AM

Listed by: Daniel Ericksen, O'Connor Realty Detroit, LLC Phone #: (313) 963-9891

MLS: Realcomp #20240065271

Realcomp logo

Recently listed in Detroit

$258,000|3 bd|1.5 ba|House
$149,000|3 bd|1.0 ba|House
$149,999|3 bd|1.0 ba|House
$245,000|3 bd|1.5 ba|House
$120,000|3 bd|2.5 ba|House
$138,000|4 bd|2.0 ba|Condo
$179,900|3 bd|1.5 ba|House
$135,000|3 bd|1.5 ba|House
$110,000|4 bd|2.5 ba|House
$235,000|3 bd|2.5 ba|House