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$109,900

Beds
2
Baths
1.0
sq ft
757

664 Melrose St, Pontiac, MI 48340

664 Melrose St

Pontiac, MI 48340

  • 30 days on market
Charming 2-Bedroom Home with Investment Potential! Welcome to 664 Melrose Street, a delightful 2-bedroom, 1-bathroom home located in Pontiac, perfect for first-time homeowners or savvy investors. This property features a spacious fenced-in backyard with a large deck, ideal for outdoor entertaining. The 2 ½ car detached garage is a mechanic's dream, offering ample space for vehicles and storage. Located just 1 mile from local high and middle schools, this home is in a convenient location with easy access to amenities. The basement provides additional storage or potential for finishing to add more living space. As an investment property, this home offers an attractive opportunity with a potential 15 - 20 per. cash-on-cash return. Don't miss out on this versatile property that combines comfort with excellent investment potential. Listed at 109,900, this property won’t last long!

Details

Property type

Single Family Residence

Est. home value

$85,680

Lot size

6,098 sq ft

Price per sq ft

$146

Year built

1952

Annual property taxes

$1,812

Price History

09/09/2024
Realcomp

Realcomp #20240059868

Listed
$109,900
09/04/2024
Realcomp

Realcomp #20240059868

Pending
$109,900
08/13/2024
Realcomp

Realcomp #20240059868

Listed
$109,900
+34.02%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Pontiac

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

$36,561
Asking price
$109,900
Closing costs (~8% of asking)
-$8,792
Est. remaining loan balance
-$64,547
Cash to seller
$36,561

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

Seller’s Loan History

Lender

Superior National Bank

Loan start date

April 2023

Original loan amount

$65,600

Est. remaining balance

$64,547

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Heather A Scalf

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: 09/13/2024 at 10:00 AM

Listing updated: 09/10/2024 at 4:57 PM

Listed by: Warren Marshall III, 855 Manager.com Phone #: (248) 933-7233

MLS: Realcomp #20240059868

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