Wednesday, June 6, 2007

17342 Kinloch in Redford, MI


Outside of 17342 Kinloch in Redford, MI
Currently Pending



Inside of 17342 Kinloch in Redford, MI

This house is a 3 Bedroom, 1 Bathroom house in the Redford Union school district. The house needs some work. It has newer vinyl windows and steel entry doors. The bathroom has some updates, the kitchen is original and should be remodeled. Needs fresh paint and new carpeting. The dining room has nice built in corner cabinets.

Click Here for a Comparable Market Analysis showing recently sold properties in the area.

Comps at about $99,602 – After Repair Value (ARV)
(This is a conservative estimate using the lowest price per square foot of the comps used)

Listed currently at $50,000

Current spread at $49,602

Please consider the following factors when evaluating this property:

This house was originally a two bedroom house. The one car garage was converted to a third bedroom. Also, this house is vinyl sided where as the comps are brick. One of the comps was a bank foreclosure that needed little work. Also, all comps had garages, this house does not. The spread is large for the price range.

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