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$375,000

Beds
3
Baths
2.5
sq ft
2,039

7941 Agnes St, Detroit, MI 48214

7941 Agnes St

Detroit, MI 48214

  • 207 days on market
    • Price drop $20,000↓
Unique West Village duplex, formerly a commercial storefront. First floor, open floor plan with one bedroom unit. The upper-level features two bedrooms with an open floor plan, 1 full and 1 half bath, dining area and porch over the garage. New appliances including washers and dryers in each unit. Want to live in one unit and rent the other? Ask me about low down payment conventional financing. This property can also be used as a working/living space - the perfect setup for an artist apartment/studio. A one-minute walk to The Red Hook Detroit, Eugenie and Yum Village and two minutes to Metropolitan Variety Store, Bar & Kitchen. Only two miles to Belle Isle. Two and one-half miles to Eastern Market. Certificate of Compliance for rental from Detroit BSEED expires in September of 2025. With proper zoning adjustments, easily convert the first floor to a commercial layout or bodega-style establishment by removing the cabinets, using the utility hook ups and extra space and garage for sales and merchandise. The basement is under the garage.

Details

Property type

Single Family Residence

Est. home value

$391,792

Lot size

1,742 sq ft

Price per sq ft

$184

Year built

1928

Annual property taxes

$3,239

Price History

12/07/2023
Realcomp

Realcomp #20230102550

Listed
$375,000

Schools & Community

Neighborhood: 

West Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

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

$214,818
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$130,182
Cash to seller
$214,818

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

Seller’s Loan History

Lender

Talmer Bank And Trust

Loan start date

April 2016

Original loan amount

$157,875

Est. remaining balance

$130,182

Interest rate

3.62%

Loan type

New Conventional, 30 year

Seller

Raymond G Bihun and Deborah Bihun

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: 07/02/2024 at 7:00 PM

Listing updated: 04/14/2024 at 12:23 PM

Listed by: Karen L Miller, NHL Real Estate Phone #: (248) 415-5514

MLS: Realcomp #20230102550

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