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16615 Fairmount Dr, Detroit, MI, 48205

$119,900

Home List Price

$1,424*

Closing Credit

3 Bedrooms
1 Full Bath
1,274 SqFt
$94/SqFt
House

Location

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16615 Fairmount Dr, Detroit$119,900

Buyer Closing Credits

$1,424*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1946
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240084709
Lot Size0.12 Acres
StatusActive

About 16615 Fairmount Dr

This beautifully updated home at 16615 Fairmount Drive is a fantastic opportunity for anyone seeking a blend of charm and modern upgrades in Detroit's vibrant Regent Park neighborhood. This property features 3 spacious bedrooms, 1 full bathroom, and a detached 2-car garage, set on a lot offering a comfortable yard space. With a layout covering approximately 1,274 square feet, this home has been tastefully refreshed to meet today’s standards while retaining its classic appeal. The Regent Park area is known for its sense of community, with nearby green spaces and easy access to local amenities. Schools in the area, such as Denby High School, and proximity to major roads like 8 Mile Road make this location convenient for families and professionals alike. The home is ideally situated to provide both tranquility and accessibility, with a variety of dining, shopping, and recreational options just minutes away. This move-in-ready property is perfect for buyers looking for a quality home in a neighborhood with a strong sense of Detroit pride. Don’t miss the chance to make this charming, updated home your own in a location that continues to grow and offer more each year. Purchaser to pay 395 processing fee. As-is sale. Seller financing / Land contract terms available at purchase price, down payment, % interest, Term. /month. Seller financing / Land contract terms are negotiable.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1946
  • Stories: 2
  • Living Area: 1,274 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: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: West of Kelly and South of 8 Mile

Price Information

Listing Price Info

Price Summary:

  • List Price: $119,900
  • Price Per SqFt: $94/SqFt

Tax Information:

  • Annual Amount: $1,244
  • 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

16615 Fairmount Dr vs Detroit

5 DAYS ON ROCKET

-40 Days

$119,900

+$34.9K More

$94/SqFt

+$20 More

KEY TAKEAWAY

This property is $34.9K more than the Median Sold Price and $20/SqFt more 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: #20240084709

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: 11/14/2024, 1:20:51 AM 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$1,244$21,600
2020$1,174$18,600
2018$1,174$14,200
2017$1,172$13,400

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-64676
1
/10

  • Chandler Park Academy Elementary School

  • 20200 Kelly Rd

  • 0.25 miles

  • Public Charter Grades PK-5

school-card-donut-64677
1
/10

  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 0.72 miles

  • Public Magnet Grades PK-5

school-card-donut-64678
2
/10

  • Pleasantview Elementary School

  • 16501 Toepfer Dr

  • 0.90 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,525. Residents of Detroit, MI typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16615 Fairmount Dr

What is the listing price of this property?

The listing price of 16615 Fairmount Dr property is $119,900.

What type of property is this?

The property 16615 Fairmount Dr is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 16615 Fairmount 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 $1,244 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 16615 Fairmount Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 16615 Fairmount Dr is 1,274 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16615 Fairmount Dr is 1946.

Rocket Homes›Michigan›Wayne County›Detroit›48205›16615 Fairmount Dr

This home is located at 16615 Fairmount Dr in Detroit, MI and zip code 48205 in the Regent Park neighborhood. This 1,274 square foot home, which was built in 1946, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $119,900.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and 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 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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