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$75,000

Beds
3
Baths
1.0
sq ft
1,100

8554 Prest St, Detroit, MI 48228

8554 Prest St

DetroitCity_Wayne, MI 48228

    Welcome to this well maintained brick bungalow. This property features 3 bedrooms, along with 1 full bathroom and 1 half bathroom, as well as a 1 car detached garage. This is a great home for a first time buyer, as well as an investment property for someone to add to their portfolio. Book your showing today!

    Details

    Property type

    Single Family Residence

    Est. home value

    $68,259

    Lot size

    3,920 sq ft

    Price per sq ft

    $69

    Year built

    1949

    Annual property taxes

    $1,028

    HOA

    No

    Price History

    03/27/2025
    Realcomp

    Realcomp #20250018917

    Listed
    $75,000
    +689.47%
    07/10/2014
    Realcomp

    Realcomp #214032608

    Sold
    $9,500

    Schools & Community

    Neighborhood: 

    Fishkorn

    Elementary school: 

    Unknown

    Middle school: 

    Unknown

    High school: 

    Unknown

    High 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

    Generation Mortgage Co

    Loan start date

    September 2008

    Original loan amount

    $127,500

    Est. remaining balance

    Not provided

    Interest rate

    3.83%

    Loan type

    Reverse Mortgage (Home Equity Conversion Mortgage), 78 year

    Seller

    Ervin L Burton

    Lender

    Generation Mortgage Co

    Loan start date

    September 2008

    Original loan amount

    $127,500

    Est. remaining balance

    Not provided

    Interest rate

    3.83%

    Loan type

    Reverse Mortgage (Home Equity Conversion Mortgage), 78 year

    Seller

    Ervin L Burton

    Lender

    First Metro Properties Llc

    Loan start date

    August 2008

    Original loan amount

    $95,000

    Est. remaining balance

    Not provided

    Interest rate

    12%

    Loan type

    Seller take-back, 0 year

    Seller

    Ervin Burton

    Lender

    First Metro Properties Llc

    Loan start date

    August 2008

    Original loan amount

    $95,000

    Est. remaining balance

    Not provided

    Interest rate

    12%

    Loan type

    Seller take-back, 0 year

    Seller

    Ervin Burton

    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?

    Status: Active

    Tomo last checked: 03/31/2025 at 5:55 AM

    Listing updated: 03/28/2025 at 6:06 AM

    Listed by: Matthew Kallabat, Top Agent Realty Phone #: (248) 277-4226

    MLS: Realcomp #20250018917

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