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$400,000

Beds
3
Baths
2.0
sq ft
1,936

965 Washtenaw Rd, Ypsilanti, MI 48197

965 Washtenaw Rd

Ypsilanti, MI 48197

  • 14 days on market
Located directly across from Eastern Michigan University, this charming two-story colonial property offers a prime investment opportunity with significant rental potential. The home features 6 bedrooms 3 bathrooms and 2 Kitchens, providing ample space for renters. The full Finished basement adds extra 1000SqFt of additional living areas. With its classic colonial architecture and desirable location, directly across from Eastern University this property is well-positioned to attract students and faculty alike. Grossing $44500 annually ***Batvai***

Details

Property type

Single Family Residence

Est. home value

$286,725

Lot size

3,920 sq ft

Price per sq ft

$207

Year built

1921

Annual property taxes

$7,539

Price History

09/04/2024
Realcomp

Realcomp #20240065922

Listed
$400,000
+257.14%
04/07/2014
Realcomp

Realcomp #213120034

Sold
$112,000

Schools & Community

Neighborhood: 

Normal Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Ypsilanti

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

$361,617
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$6,383
Cash to seller
$361,617

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

Seller’s Loan History

Lender

Oakland Mtg Corp

Loan start date

August 1995

Original loan amount

$85,900

Est. remaining balance

$6,383

Interest rate

7.53%

Loan type

New Conventional, 30 year

Seller

Craig J Knapp

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: 09/19/2024 at 6:10 AM

Listing updated: 09/10/2024 at 10:01 AM

Listed by: Jiryes Jarrous, Century 21 Curran & Oberski Phone #: (313) 274-7200

MLS: Realcomp #20240065922

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