5 months on rocket

15864 Tracey St, Detroit, MI, 48227

$79,500

Home List Price

$944*

Closing Credit

3 Bedrooms
1 Full Bath
1,280 SqFt
$62/SqFt
House

Location

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15864 Tracey St, Detroit$79,500

Buyer Closing Credits

$944*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1940
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240042471
Lot Size0.08 Acres
StatusActive

About 15864 Tracey St

Welcome to 15864 Tracey St, a promising investment opportunity in the heart of Detroit, MI. This vacant single-family home is a blank canvas, ready for your vision and expertise to bring it to life. Perfect for investors or handy home buyers, this property has great potential for renovation and customization. situated in a quiet neighborhood, this property offers a sense of community while being conveniently close to local amenities, schools, and parks. The potential is endless. The interior needs work, making it an ideal project for those with a knack for home improvement and renovation. Transform this house into a stunning family home or a profitable rental property. With the right updates, this property could see significant appreciation, making it a smart investment in Detroit's growing real estate market. Whether you're an investor looking to add to your portfolio or a handy home buyer ready to take on a new project, 15864 Tracey St offers endless possibilities. Schedule a viewing today and envision the potential this property holds. Purchaser to pay 395 processing fee. As-is sale. Seller financing / Land contract terms available at 80,000.00 purchase price, 20,000.00 down payment, 8% interest, 96 Months Term. 848.00/month. Seller financing / Land contract terms are negotiable. Call today for more information or to schedule your showing! **Why Invest in Detroit?** Detroit is undergoing a revitalization, with new businesses, restaurants, and cultural attractions enhancing the city's appeal. This property is a fantastic opportunity to get in on the ground floor of Detroit's resurgence.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Stories: 1
  • Living Area: 1,280 SqFt

Listing Office:

  • Office Name: Market Elite Inc
  • Office Phone: (586) 226-3200
  • Listing Agent: Derek C Lievens

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: South of Purtian and West of Schafer Highway

Price Information

Listing Price Info

Price Summary:

  • List Price: $79,500
  • Price Per SqFt: $62/SqFt

Tax Information:

  • Annual Amount: $1,114
  • 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

15864 Tracey St vs Detroit

156 DAYS ON ROCKET

+111 Days

$79,500

-$5.5K Less

$62/SqFt

-$12 Less

KEY TAKEAWAY

This property is $5.5K less than the Median Sold Price and $12/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: #20240042471

Listing Office:

  • Office Name: Market Elite Inc
  • Office Phone: (586) 226-3200
  • Listing Agent: Derek C Lievens

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, 11:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 26, 2019Home Sold
$11,013

Tax History

YEARPROP. TAXASSESSMENT
2021$1,114$17,500
2020$1,048$17,200
2018$1,048$12,200
2017$1,047$12,100

History based on county public records data.

Payment Calculator

$464

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$305

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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-595072
1
/10

  • Coleman A. Young Elementary School

  • 15771 Hubbell St

  • 0.51 miles

  • Public District Grades PK-5

school-card-donut-595073
1
/10

  • Adamsyoung Building

  • 13130 Grove St

  • 0.53 miles

  • Public Charter Grades KG-5

school-card-donut-595074
3
/10

  • Bagley Elementary School of Journalism and Technology

  • 8100 Curtis St

  • 1.82 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,826. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 15864 Tracey St

What is the listing price of this property?

The listing price of 15864 Tracey St property is $79,500.

What type of property is this?

The property 15864 Tracey St is a house located in Detroit, Michigan, 48227.

Is this property for sale now?

Active Listing: 15864 Tracey 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 $1,114 (source: MLS/based on county public records data).

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

The last sale was on September 26, 2019 for $11,013. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 15864 Tracey St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 15864 Tracey St is 1,280 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 15864 Tracey St is 1940.

Rocket Homes›Michigan›Wayne County›Detroit›48227›15864 Tracey St

This home is located at 15864 Tracey St in Detroit, MI and zip code 48227 in the Harmony VIllage neighborhood. This 1,280 square foot home, which was built in 1940, sits on a 0.08 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 19, 2024 and is currently priced at $79,500.

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. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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