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1599 Magnolia Dr, Inkster, MI, 48141

$85,000

Home List Price

$1,009*

Closing Credit

3 Bedrooms
1 Full Bath
1,008 SqFt
$84/SqFt
House

Location

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1599 Magnolia Dr, Inkster$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1957
HeatingBaseboard, Electric
MLS #20240092462
Lot Size0.13 Acres
StatusActive

About 1599 Magnolia Dr

Currently rented at $1200/mo, this stabilized single family is a great addition to your portfolio offering a 12% cash on cash return from day one. Dense, well-maintained block in Inkster. Three bedrooms, one full bathroom, large kitchen, fenced yard and stacked laundry unit make this a desirable and durable rental. You're guaranteed never to have an issue with water intrusion in the basement as it does not exist. Tenant pays all utilities. Showings require proof of funds or pre-approval.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1957
  • Living Area: 1,008 SqFt

Listing Office:

  • Office Name: Douglas Rose Realty
  • Office Phone: (810) 623-0228
  • Listing Agent: Garrett Blair, Cooper Przekop

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric

Other

Directions Information:

  • Directions: West on 96, South on Inkster Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000
  • Price Per SqFt: $84/SqFt

Tax Information:

  • Annual Amount: $1,600
  • Tax Year: 2021
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Housing Market Comparison

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

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Inkster, MI

City

Med. Sold Price

$112K

Med. Price/SqFt

$87

Avg. Days On Market

22

# of Sold Homes

18

1599 Magnolia Dr vs Inkster

1 DAY ON ROCKET

-21 Days

$85,000

-$27K Less

$84/SqFt

-$4 Less

KEY TAKEAWAY

This property is $27K less than the Median Sold Price and $4/SqFt less than other homes in Inkster, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240092462

Listing Office:

  • Office Name: Douglas Rose Realty
  • Office Phone: (810) 623-0228
  • Listing Agent: Garrett Blair, Cooper Przekop

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: 12/17/2024, 11:56:03 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,600$20,900
2020$1,814$18,200
2018$1,814$12,800
2017$1,351$12,500

History based on county public records data.

Payment Calculator

$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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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-4291174
1
/10

  • American International Academy Upper Elementary School

  • 28955 Rosewood St

  • 0.52 miles

  • Public Charter Grades 3-6

school-card-donut-4291175
1
/10

  • Inkster Preparatory Academy

  • 27355 Woodsfield St

  • 0.60 miles

  • Public Charter Grades KG-6

school-card-donut-4291176
1
/10

  • Hicks Elementary School

  • 100 Helen St

  • 0.81 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,447. The majority of Inkster, MI residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1599 Magnolia Dr

What is the listing price of this property?

The listing price of 1599 Magnolia Dr property is $85,000.

What type of property is this?

The property 1599 Magnolia Dr is a house located in Inkster, Michigan, 48141.

Is this property for sale now?

Active Listing: 1599 Magnolia Dr 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 $1,600 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1599 Magnolia Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1599 Magnolia Dr is 1,008 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1599 Magnolia Dr is 1957.

Rocket Homes›Michigan›Wayne County›Inkster›48141›1599 Magnolia Dr

This home is located at 1599 Magnolia Dr in Inkster, MI and zip code 48141 in the Dearborn Hills Manor neighborhood. This 1,008 square foot home, which was built in 1957, sits on a 0.13 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $85,000.

Over 8 listings were sold over their listed price in November 2024 in Inkster, MI. In the same period over 7 listings were sold below the listed price and 3 listings were sold for the listed price. In November 2024, listings were on the market for 22 days. During the same period, the median list price in this real estate market was $112,000.

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

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