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15691 Mok Avenue
Four Ways to Price It
A single number hides the strategy. In a market absorbing inventory in 1.7 months at 98.3% of list, here is the full ladder — priced so the home lists strong and never leaves money on the table.
A Spens Subdivision Bungalow
A 1940 bungalow in Eastpointe’s Spens Subdivision — 1,234 sq ft above grade, 3 bedrooms, 1 baths, and a 1-car garage on a 0.14 acre lot. HUD home. (per the MLS listing.)
Bungalow
Spens Subdivision
Eastpointe Community Schl
3
1
1,234 sqft
—
1-car
1940
0.14 ac
Sold $26,501 · October 2010
Not stated in MLS record
Balanced Market, Seller’s Edge
The subject’s segment (Eastpointe 48021, 987–1,480 sq ft) is absorbing inventory in 1.7 months, with a median 21-day market time, with homes closing at 98.3% of list. Median above-grade $/sqft moved from $135 to $130 quarter over quarter (median sale $151,500). This reads as a balanced market with a seller’s edge, which the pricing below reflects.
The Comparables
Comps were selected by subdivision first, then adjacent neighborhoods within the same schools, held to ±20% of the home’s above-grade size and the last six months. Each is scored 0–100 (location, size, age, style, lot, condition, amenities); anything under 70 is set aside. Select any home to see every MLS photo.
▤ 12 photos89/10015608 Stricker Avenue, Eastpointe
▤ 12 photos84/10015534 Chestnut Avenue, Eastpointe
▤ 12 photos83/10015765 Nicolai Avenue, Eastpointe
▤ 12 photos82/10022890 Firwood Avenue, Eastpointe
▤ 12 photos82/10015605 Veronica Avenue, Eastpointe
▤ 12 photos81/10017334 Sprenger Avenue, Eastpointe
Appraiser-Style Reconciliation
Each comparable’s sold price is adjusted to your home — living area (marginal $60/sqft), finished basement ($20/sqft), garage ($8,000/bay), lot, age/condition, and location — then weighted by similarity rather than averaged.
| Comparable | Sold Price | Living Area | Basement | Garage | Lot | Age/Condition | Location | Adjusted Value | Weight |
|---|---|---|---|---|---|---|---|---|---|
| 15608 Stricker Avenue | $118,000 | −$240 | +$0 | +$0 | +$600 | −$4,800 | −$10,000 | $103,560 | 25% |
| 15534 Chestnut Avenue | $122,000 | −$2,100 | +$0 | +$0 | +$0 | +$0 | +$0 | $119,900 | 17% |
| 15765 Nicolai Avenue | $135,000 | −$5,700 | +$0 | +$0 | +$0 | +$1,600 | +$0 | $130,900 | 16% |
| 22890 Firwood Avenue | $130,500 | +$4,140 | +$0 | −$8,000 | +$600 | −$6,400 | −$10,000 | $110,840 | 14% |
| 15605 Veronica Avenue | $106,000 | −$2,460 | −$17,000 | +$0 | +$1,800 | −$1,600 | +$0 | $86,740 | 14% |
| 17334 Sprenger Avenue | $145,000 | −$3,840 | +$0 | +$0 | −$1,199 | −$9,600 | +$0 | $130,361 | 13% |
How to read this: each adjustment adds or subtracts what a difference is worth (a comp with a bigger basement than yours is adjusted down, and vice versa). “Adjusted Value” is what that sale suggests your home is worth. “Weight” is how strongly that comp counts toward the final opinion — the closest matches count most.
15608 Stricker Avenue (sold $118,000) adjusts to $103,560 and carries 25% weight. 15534 Chestnut Avenue (sold $122,000) adjusts to $119,900 and carries 17% weight. Reconciled and weighted by similarity — not averaged — the evidence centers on $112,827; positioned for the balanced market with a seller’s edge, the opinion of value is $122,500.
What Buyers Are Choosing From
Right now buyers in this size band are choosing from asks of $230,000–$317,500 and pending contracts cluster $229,900–$279,900 — measured against that, the opinion of value holds.
70% Confidence
- 212 qualified sales in the segment in six months — a deep comp pool.
- Strong pending support: 60 homes under contract in the segment.
- Held below 100% because the subject’s current interior condition isn’t independently verified.
Where You Stand
- Homes like yours are selling in about 21 days.
- Only 60 comparable homes are on the market — limited competition favors you.
- $/sqft in your size range moved $135 → $130 quarter over quarter.
- Above-grade living area of 1,234 sq ft per the MLS record.
- Interior condition assumed consistent with the most recent listing record — a current walkthrough may adjust value up or down.
- No unpermitted additions or major deferred systems beyond normal age.
- If interior condition lags the comparables, value trends toward the $112,500 conservative figure.
- A rate move could shift the buyer pool this analysis is priced against.
Get Thomas’s complete strategy on your home
Prepared by Thomas Lower, REALTEAM Real Estate, July 2026, using the Logan CMA Framework (USPAP-inspired). Data: MiRealSource / Realcomp MLS + public records. Square footage is above-grade finished area; basements shown separately. Subject photos are from the prior MLS listing (October 2010); comparable photos are current MLS listing photos. This is a broker opinion of value for marketing purposes, not an appraisal. Equal Housing Opportunity.