INVESTMENT OPPORTUNITY: Brick home in attractive neighborhood. Home is currently rented at $825.00 and $850.00 Home is currently rented, do not disturb tenant. Showings and inspections will be scheduled only upon accepted offer.
Property Details
Property Features
Property Information:
Year Built: 1928
Listing Office:
Office Name: Kristian Freiwald
Office Phone: (313) 626-5996
Listing Agent: Kristian Freiwald
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Forced Air, None
Other
Directions Information:
Directions: Property is located in Princeton
Price Information
Listing Price Info
Price Summary:
List Price: $135,000
Tax Information:
Annual Amount: $1,729
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $49.9K more than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Metropolitan Association of REALTORS
MLS Number: #81024034725
Listing Office:
Office Name: Kristian Freiwald
Office Phone: (313) 626-5996
Listing Agent: Kristian Freiwald
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$741
Per Month
Principal & Interest
$674
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$471
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
George Washington Carver Elementary School
14510 2nd Ave
Distance between this listing and this school1.38 miles
Public Charter Grades PK-4
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school1.54 miles
Public District Grades PK-6
2
/10
Pasteur Elementary School
19811 Stoepel St
Distance between this listing and this school2.04 miles
Public District Grades PK-6
Nearby Schools
1
/10
Paul Robeson Malcolm X Academy
2585 Grove St
Distance between this listing and this school0.29 miles
Public District Grades PK-8
1
/10
Thurgood Marshall-Elementary School
15531 Linwood St
Distance between this listing and this school0.32 miles
Public District Grades PK-8
4
/10
New Paradigm Glazer Academy
2001 La Belle St
Distance between this listing and this school1.00 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school0.72 miles
Public Charter Grades PK-12
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school1.34 miles
Public District Grades 9-12
2
/10
Mumford High School
17525 Wyoming St
Distance between this listing and this school1.95 miles
The neighbors living near this home have an average income of $43,897. The majority of Detroit, MI residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 16127 Princeton St in Detroit, MI and zip code 48221 in the McNichols neighborhood. This home, which was built in 1928, sits on a 0.07 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $135,000.
While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.