Detroit House Hunting: $200K in Dexter-Linwood
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2717 Burlingame St. Photos: Courtesy of Real Vision Studio
New Center's $3 billion development is drawing a lot of attention, so we wanted to take the market's temperature as part of our recurring local real estate spotlight.
Why it matters: Massive new projects can motivate sellers to inflate their residential asking prices.
2717 Burlingame St., $200,000
Details: This four-bedroom, 1.5-bathroom house in the Dexter-Linwood neighborhood, north of New Center, was renovated last year with new kitchen and bathroom features and laminate flooring downstairs.
- The seller lives in Eastpointe and flipped the home, listing agent George Stathakis tells Axios.
- The house was originally listed before Christmas for about $220,000.
Flashback: A four-bedroom, two-bathroom renovated New Center home we featured in July ended up selling for $270,000 — $20,000 under asking.
The bottom line: Sellers in and around New Center could be overvaluing their properties while the development is ongoing.