3 months on rocket

15616 E 7 Mile Rd, Detroit, MI, 48205

$45,000

Home List Price

$534*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,150 SqFt
$39/SqFt
House

Location

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15616 E 7 Mile Rd, Detroit$45,000

Buyer Closing Credits

$534*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1943
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240061083
Lot Size0.07 Acres
StatusActive

About 15616 E 7 Mile Rd

Attention all buyers. Take a look at this 3 bedroom half duplex located on a clean and beautiful street on Detroit's Eastside. This rental is occupied by a long term tenant for 650 per month. The seller says the tenant would like to stay, or we can negotiate the tenant leaving prior to closing for the right buyer. Overall this property is in good shape with many upgrades. We have priced this to reflect the work needed for a quick sale. Bring us and offer. No showings will be permitted without and accepted offer to respect the tenants privacy.

Property Details

Property Features

Property Information:

  • Architectural Style: 1/2 Duplex with Land
  • Year Built: 1943
  • Stories: 1
  • Living Area: 1,150 SqFt

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: David Rabior

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: N of 7 Mile

Price Information

Listing Price Info

Price Summary:

  • List Price: $45,000
  • Price Per SqFt: $39/SqFt

Tax Information:

  • Annual Amount: $595
  • 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

15616 E 7 Mile Rd vs Detroit

94 DAYS ON ROCKET

+49 Days

$45,000

-$40K Less

$39/SqFt

-$35 Less

KEY TAKEAWAY

This property is $40K less than the Median Sold Price and $35/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240061083

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: David Rabior

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, 12:20:53 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

Oct 12, 2017Home Sold
$19,500

Tax History

YEARPROP. TAXASSESSMENT
2021$595$13,100
2020$1,044$11,600
2018$1,044$9,300
2017$1,073$9,500

History based on county public records data.

Payment Calculator

$292

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$201

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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-610852
1
/10

  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 0.49 miles

  • Public Magnet Grades PK-5

school-card-donut-610853
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 0.89 miles

  • Public District Grades PK-5

school-card-donut-610854
1
/10

  • Chandler Park Academy Elementary School

  • 20200 Kelly Rd

  • 1.11 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 $35,549. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, with kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 15616 E 7 Mile Rd

What is the listing price of this property?

The listing price of 15616 E 7 Mile Rd property is $45,000.

What type of property is this?

The property 15616 E 7 Mile Rd is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 15616 E 7 Mile Rd 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 $595 (source: MLS/based on county public records data).

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

The last sale was on October 12, 2017 for $19,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 15616 E 7 Mile Rd has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 15616 E 7 Mile Rd is 1,150 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 15616 E 7 Mile Rd is 1943.

Rocket Homes›Michigan›Wayne County›Detroit›48205›15616 E 7 Mile Rd

This home is located at 15616 E 7 Mile Rd in Detroit, MI and zip code 48205 in the Burbank neighborhood. This 1,150 square foot home, which was built in 1943, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 20, 2024 and is currently priced at $45,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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