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$129,900

Beds
3
Baths
1.0
sq ft
1,228

7634 W 7 Mile Rd, Detroit, MI 48221

7634 W 7 Mile Rd

Detroit, MI 48221

  • 57 days on market
This charming 3-bedroom brick bungalow offers cozy appeal and a prime opportunity for buyers seeking value and potential. The home includes a spacious master bedroom upstairs, providing a private retreat, while the remaining bedrooms and living spaces on the main floor make for a comfortable layout. With a solid structure, the property is in decent condition but could benefit from some modern updates, making it an ideal candidate for first-time homebuyers ready to build sweat equity or investors looking for a low-maintenance rental property. The home is set on a main road but boasts a full privacy-fenced backyard with ample space, ideal for kids to play or for entertaining. The motivated seller has priced the home to sell fast, making this a fantastic find in today’s market. For investors, it’s a rare opportunity to secure a rental property with a potential monthly income, with a minimal work. BATVAIM

Details

Property type

Single Family Residence

Est. home value

$95,292

Lot size

3,920 sq ft

Price per sq ft

$106

Year built

1935

Annual property taxes

$1,390

Price History

10/26/2024
Realcomp

Realcomp #20240081066

Listed
$129,900
+4%
07/19/2024
Realcomp

Realcomp #20240006183

Removed
$124,900
01/31/2024
Realcomp

Realcomp #20240006183

Listed
$124,900

Schools & Community

Neighborhood: 

Bagley

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

Finance Of America Mortgage Llc

Loan start date

August 2022

Original loan amount

$108,750

Est. remaining balance

$105,393

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

A Property Management Llc

Lender

Finance Of America Mortgage Llc

Loan start date

August 2022

Original loan amount

$108,750

Est. remaining balance

$105,393

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

A Property Management Llc

Lender

Finance Of America Commercial

Loan start date

September 2021

Original loan amount

$78,300

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Building or Construction Loan, 1 year

Seller

A Property Management Llc

Lender

Finance Of America Commercial

Loan start date

September 2021

Original loan amount

$78,300

Est. remaining balance

Not provided

Interest rate

2.87%

Loan type

Building or Construction Loan, 1 year

Seller

A Property Management 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: 12/22/2024 at 3:00 PM

Listing updated: 11/02/2024 at 12:05 AM

Listed by: Julieta G Flores Allen, Keller Williams Realty-Great Lakes Phone #: (586) 541-4000

MLS: Realcomp #20240081066

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