tomo logo

$79,900

Beds
3
Baths
2.0
sq ft
1,484

5561 Balfour Rd, Detroit, MI 48224

5561 Balfour Rd

Detroit, MI 48224

  • 14 days on market
Don't let your buyer's miss out on this property. Home features a spacious livingroom w/fireplace on the main floor, spacious formal dining area and main floor kitchen area. Two (2) bedrooms on the main floor, 1st floor full bath. Second floor features a 2nd spacious kitchen, 2nd floor full bath, spacious 3rd bedroom on 2nd floor and possible livingroom/4th bedroom on 2nd floor. Full spacious basement for plenty of storage. Per seller, property requires to be listed for 7 days from the date of MLS listing before ANY offers will be considered or accepted. Property is sold in ''AS IS'' condition.

Details

Property type

Single Family Residence

Est. home value

$122,647

Lot size

5,663 sq ft

Price per sq ft

$54

Year built

1938

Annual property taxes

$1,871

Price History

02/07/2025
Realcomp

Realcomp #81025004727

Listed
$79,900
+59.8%
09/03/2019
Realcomp

Realcomp #218103122

Sold
$50,000
+1011.11%
09/15/2014
Realcomp

Realcomp #214038553

Sold
$4,500

Schools & Community

Neighborhood: 

Morningside

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

Lima One Capital Llc

Loan start date

January 2022

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Commercial, 30 year

Seller

Peninsula Properties Llc

Lender

Lima One Capital Llc

Loan start date

January 2022

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

3.1%

Loan type

Commercial, 30 year

Seller

Peninsula Properties Llc

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: 02/22/2025 at 9:20 AM

Listing updated: 02/08/2025 at 12:19 AM

Listed by: Francine Willingham, Willingham Real Estate Phone #: (734) 564-7471

MLS: Realcomp #81025004727

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