tomo logo

$400,000

Beds
6
Baths
4.0
sq ft
4,808

829 Chicago Blvd, Detroit, MI 48202

829 Chicago Blvd

Detroit, MI 48202

  • 18 days on market
    • Price drop $50,000↓
    • Open house Jul 06
Turn this Remarkable Boston-Edison Beauty into Your Dream Home using a Conventional Renovation Mortgage Program that enables full kitchen and bath remodels, and more! This grand 3-story brick colonial built in 1913 was once the home of Michigan's first female pilot, Mary E. Von Mach & her likeness is handpainted on the wall of the second floor landing! This fine residence is replete with many intriguing period details including coved ceilings, substantial mouldings, wood carved balustrades, built-in dining buffet & closet dressers, natural tiled fireplace, stained glass, dual staircases, a barber shop room, a conservatory, a ballroom & more! The floorplan is well-configured with ample living & working spaces for today's busy families. On the main level on either side of the entry is a Gallery and a Formal Living Room - each could function as a home office, den or family room. There is also a tucked away Barber Room that would be a great playroom or craft room! A Formal Dining Room, Family Room and Large Eat-in Kitchen complete the main level. Upstairs you will discover a Primary BR Suite with its own private bath and walk-in closet, a Junior BR Suite, and 4 additional BRs serviced by a Jack-and-Jill bath and a main bathroom with claw foot bathtub/shower. On the third floor is a grand Ballroom with leaded glass for all of your entertaining desires! Plenty of storage is available in the full unfinished basement with cellar pantry & laundry facilities. Private gated backyard with deck for entertaining and a 2 car lofted garage. Don't let this opportunity pass you by. Experience the quality, charm & history of 829 Chicago Boulevard and make this Boston-Edison Historic District Gem your own!

Details

Property type

Single Family Residence

Lot size

9,583 sq ft

Price per sq ft

$84

Year built

1913

Annual property taxes

$4,498

Price History

07/02/2024
Realcomp

Realcomp #20240042086

Price change
$400,000
-19.19%
06/14/2024
Realcomp

Realcomp #20240011846

Removed
$495,000
+10%
06/14/2024
Realcomp

Realcomp #20240042086

Listed
$450,000
-9.09%

Schools & Community

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

$332,159
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$35,841
Cash to seller
$332,159

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

October 2011

Original loan amount

$188,870

Est. remaining balance

$35,841

Interest rate

3.3%

Loan type

FHA, 15 year

Seller

Frances Fogel Gibson

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 6:55 PM

Listing updated: 07/02/2024 at 2:05 PM

Listed by: Tracy Wick, National Realty Centers, Inc Phone #: (248) 468-1444

MLS: Realcomp #20240042086

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