Features and Amenities

This is a Michigan Land Bank Fast Track Authority property. The Land Bank promotes economic growth through the acquisition and disposal of public property, including tax reverted property. You may be able to buy this property at drastically less than the estimated value.Please note that the estimated value in our description is 50% of the most recent independent assessment. The actual value of the property, and the amount you buy the property for, may be substantially different.This home may need TLC or it may currently be a vacant lot where you can build your own new home. When a property is identified an offer can be made to purchase it by simply going to the Land Bank website and clicking on the "Apply" button and following the instructions provided. If you have any questions regarding the purchase of property please contact the Land Bank at (517) 335-8212.~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)
--
Square Footage
0
Price per SqFt
--
Lot Size
--
Stories
--
Property Type
Home
Year Built
0
MLS #
86809040
Neighborhood
Prospect Park
County
wayne
Monthly Est. Mortgage
$487
Monthly Est. Insurance
$33
Monthly Property Tax
$94.30
Last Updated
05/05/2017

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Estimated Values

The property located at 351 Louise St increased in value by 1.18% from December to January. In January, the property has an estimated value of $94,300.
10/137/145/153/161/17$44,100$58,143$72,186$86,229$100,272This Homezipcity

Estimated Mortgage Rates

Credit Score
Excellent (740+)
660
740+
Down Payment
20 %
5%
40%
Product: 30 Year Fixed Mortgage, All Points
Loan Amount: $75,440
  • 3.967% APR
    May 10
  • 3.875% Rate
    0 Points
    30 Rate Lock
  • 3.891% APR
    May 10
  • 3.750% Rate
    0.1 Points
    30 Rate Lock
  • 3.777% APR
    May 10
  • 3.500% Rate
    1.1 Points
    30 Rate Lock
  • 4.375% APR
    May 10
  • 4.375% Rate
    0 Points
    30 Rate Lock

Mortgage Calculator

With a current price of $94,300 and a mortgage rate of 4.0%, someone purchasing Address Unknown, Highland Park, MI , 48203 could expect to have a monthly payment of $487. This assumes a 20% down payment of $18,860 , 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
$75,440
$0
$94,300
Down Payment
20 %
0%
30%
Loan Term
30 years
0 years
40 years
Interest Rate
4 %
0%
7%
Homeowner Insurance
$33
$0
$1,000
Property Tax
1.2 %
1%
6%
Principal & Interest$360Insurance$33Taxes$94PMI$0Estimated Payment$487
Listing Source:
RealtyStore.com
Days on Site:
1217

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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