tomo logo

$140,000

Beds
2
Baths
1.0
sq ft
875

593 E Kalama Ave, Madison Heights, MI 48071

593 E Kalama Ave

Madison Heights, MI 48071

  • 35 days on market
    • Price drop $10,000↓
Quaint 2 bedroom home in desirable Madison Heights! Kitchen newly updated with neutral cabinets and counter tops and includes stove and refrigerator. Vinyl laminate through out kitchen and dinning area. Charming fireplace in the living room. Primary bedroom is good size with ample closet space. Utility room with washer and dryer. Rear yard has concrete patio and a shed for storage.

Details

Property type

Single Family Residence

Est. home value

$155,914

Lot size

4,356 sq ft

Price per sq ft

$160

Year built

1951

Annual property taxes

$3,173

Price History

08/27/2024
Realcomp

Realcomp #20240060535

Price change
$140,000
-6.67%
08/15/2024
Realcomp

Realcomp #20240060535

Listed
$150,000
+76.47%
03/16/2020
MiRealSource

MiRealSource #31397486

Sold
$85,000
+102.38%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Madison (Madison Hts.)

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

$70,820
Asking price
$140,000
Closing costs (~8% of asking)
-$11,200
Est. remaining loan balance
-$57,980
Cash to seller
$70,820

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

Seller’s Loan History

Lender

Neighborhood Loans

Loan start date

March 2020

Original loan amount

$63,750

Est. remaining balance

$57,980

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

John Dawn

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
$99,999
2 bd
|
1 ba
|
766 sq ft
|
House

46 E Shevlin Ave, Hazel Park, MI 48030

Price drop
Realcomp
$139,000
2 bd
|
1 ba
|
628 sq ft
|
House

23303 Stauber Ave, Hazel Park, MI 48030

Realcomp
$139,900
2 bd
|
1 ba
|
591 sq ft
|
House

23747 Vassar Ave, Hazel Park, MI 48030

Status: Active

Tomo last checked: 09/19/2024 at 2:45 PM

Listing updated: 08/27/2024 at 3:53 PM

Listed by: Amie Leszczynski, Millennium Realty, LLC Phone #: (248) 394-0464

MLS: Realcomp #20240060535

Realcomp logo

Recently listed in Madison Heights