4 months on rocket

12201 Stout St, Detroit, MI, 48338

$60,000

Home List Price

$713*

Closing Credit

3 Bedrooms
1 Full Bath
842 SqFt
$71/SqFt
House

Location

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12201 Stout St, Detroit$60,000

Buyer Closing Credits

$713*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1952
HeatingNatural Gas, Forced Air
BasementYes
MLS #5050147941
Lot Size0.12 Acres
StatusActive

About 12201 Stout St

Nice home with 3 bedrooms and 1 full bath on corner lot. Home has a long term tenant on month to month lease. This is perfect for first time home buyers or investors wanting a turn-key tenanted property.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1952
  • Stories: 1
  • Living Area: 842 SqFt

Listing Office:

  • Office Name: Elite Real Estate Professionals, Inc.
  • Office Phone: (810) 715-5486
  • Listing Agent: Jennifer Oliver

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $60,000
  • Price Per SqFt: $71/SqFt

Tax Information:

  • Annual Amount: $2,062
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

12201 Stout St vs Detroit

135 DAYS ON ROCKET

+90 Days

$60,000

-$25K Less

$71/SqFt

-$3 Less

KEY TAKEAWAY

This property is $25K less than the Median Sold Price and $3/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Central Association of REALTORS®
  • MLS Number: #5050147941

Listing Office:

  • Office Name: Elite Real Estate Professionals, Inc.
  • Office Phone: (810) 715-5486
  • Listing Agent: Jennifer Oliver

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 7:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 17, 2015Home Sold
$240,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,062$14,500
2020$1,191$13,300
2018$1,191$11,000
2017$1,214$11,100

History based on county public records data.

Payment Calculator

$367

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-715100
1
/10

  • Mann Learning Community

  • 19625 Elmira St

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-715101
3
/10

  • Edison Elementary School

  • 17045 Grand River Ave

  • 2.03 miles

  • Public District Grades PK-5

school-card-donut-715102
1
/10

  • Global Heights Academy

  • 23713 Joy Rd

  • 2.09 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,235. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12201 Stout St

What is the listing price of this property?

The listing price of 12201 Stout St property is $60,000.

What type of property is this?

The property 12201 Stout St is a house located in Detroit, Michigan, 48338.

Is this property for sale now?

Active Listing: 12201 Stout St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,062 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 17, 2015 for $240,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 12201 Stout St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 12201 Stout St is 842 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12201 Stout St is 1952.

Rocket Homes›Michigan›Wayne County›Detroit›48338›12201 Stout St

This home is located at 12201 Stout St in Detroit, MI and zip code 48338 in the West Central neighborhood. This 842 square foot home, which was built in 1952, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $60,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

From Rocket Homes Real Estate and based on county public records data.

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