tomo logo

$99,000

Beds
3
Baths
1.0
sq ft
879

8436 Chapp Ave, Warren, MI 48089

8436 Chapp Ave

Warren, MI 48089

  • 45 days on market
This property is a fantastic investment in today’s market, offering a rare opportunity. It is move-in ready after a fresh repaint and deep clean. Certified as a Warren rental as of July 2024, this home is ideal for new occupants. Enjoy the perks of a spacious backyard, perfect for outdoor activities, plus a garage ideal for parking and storage. Great advantages for any investor. Don’t miss out on this excellent opportunity!

Details

Property type

Single Family Residence

Est. home value

$92,262

Lot size

6,098 sq ft

Price per sq ft

$113

Year built

1940

Annual property taxes

$2,106

Price History

10/07/2024
Realcomp

Realcomp #20240063014

Removed
$99,000
10/07/2024
Realcomp

Realcomp #20240075714

Listed
$99,000
08/23/2024
Realcomp

Realcomp #20240063014

Listed
$99,000
+20.73%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Van Dyke

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

$27,174
Asking price
$99,000
Closing costs (~8% of asking)
-$7,920
Est. remaining loan balance
-$63,906
Cash to seller
$27,174

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

Seller’s Loan History

Lender

Premier Processing Llc

Loan start date

October 2022

Original loan amount

$65,600

Est. remaining balance

$63,906

Interest rate

5.89%

Loan type

New Conventional, 30 year

Seller

Michael Vicchiarelli

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: 11/22/2024 at 3:05 AM

Listing updated: 10/08/2024 at 6:11 AM

Listed by: Joseph Venditti, Sine & Monaghan, LLC Phone #: (248) 549-7400

MLS: Realcomp #20240075714

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