Features and Amenities

This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers can be submitted for consideration. Offers can be submitted through the official Listing Agent but in some cases, no agent is listed and offers can be submitted the bank owner directly.

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Home Details

Bedroom(s)
--
Bathroom(s)
1
Square Footage
799
Price per SqFt
$81
Lot Size
0.11 acres
Stories
--
Property Type
Home
Year Built
1942
MLS #
283094597
Neighborhood
Mackenzie
County
wayne
Monthly Est. Mortgage
$336
Monthly Est. Insurance
$23
Monthly Property Tax
$65.00
Last Updated
04/05/2017

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Estimated Values

The property located at 8840 Cloverlawn St decreased in value by 7.41% from January to February. In February, the property has an estimated value of $65,000.
10/137/145/153/161/17$42,570$50,880$59,190$67,500$75,810NeighborhoodThis Homezipcity

Estimated Mortgage Rates

Credit Score
Excellent (740+)
660
740+
Down Payment
20 %
5%
40%
Product: 30 Year Fixed Mortgage, All Points
Loan Amount: $52,000
  • 4.148% APR
    Apr 7
  • 4.125% Rate
    0 Points
    30 Rate Lock
  • 4.336% APR
    Apr 7
  • 3.875% Rate
    0.1 Points
    30 Rate Lock
  • 4.203% APR
    Apr 7
  • 3.750% Rate
    1.1 Points
    30 Rate Lock
  • 4.431% APR
    Apr 4
  • 4.250% Rate
    0 Points
    45 Rate Lock
  • $256/mo
    $1,100 Fees

Mortgage Calculator

With a current price of $65,000 and a mortgage rate of 4.0%, someone purchasing Address Unknown, Detroit, MI , 48204 could expect to have a monthly payment of $336. This assumes a 20% down payment of $13,000 , a high credit score and a 30 year fixed-rate mortgage. You can use the mortgage calculator to estimate the monthly payment with different values.

Loan Amount
$52,000
$0
$65,000
Down Payment
20 %
0%
30%
Loan Term
30 years
0 years
40 years
Interest Rate
4 %
0%
7%
Homeowner Insurance
$23
$0
$1,000
Property Tax
1.2 %
1%
6%
Principal & Interest$248Insurance$23Taxes$65PMI$0Estimated Payment$336
Listing Source:
RealtyStore.com
Days on Site:
216

Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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