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18305 Wormer St, Detroit, MI, 48219

$49,900

Home List Price

$593*

Closing Credit

2 Full Baths
1,296 SqFt
$39/SqFt
Multi

Location

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18305 Wormer St, Detroit$49,900

Buyer Closing Credits

$593*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingGarage, Paved
Year Built1927
HeatingForced Air, Natural Gas
BasementYes
MLS #20240092050
Lot Size0.17 Acres
StatusActive

About 18305 Wormer St

GREAT INVESTMENT OPPORTUNITY IN DETROIT BORDERING REDFORD! THIS MULTIFAMILY PROPERTY FEATURES SPACIOUS 3-BEDROOM, 1-BATHROOM IN EACH UNIT. BOTH UNITS ARE IN NEED OF RENOVATION, MAKING IT IDEAL FOR AN INVESTOR LOOKING TO ADD VALUE. LOCATED IN A DEVELOPING NEIGHBORHOOD, THIS PROPERTY OFFERS SIGNIFICANT POTENTIAL FOR RENTAL INCOME OR FUTURE RESALE. DON’T MISS OUT ON THE CHANCE TO BRING THIS PROPERTY BACK TO LIFE AND MAXIMIZE ITS POTENTIAL!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1927
  • Living Area: 1,296 SqFt

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Robert Kabbani

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Garage, Paved

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: South of Grand River and west of Telegraph.

Price Information

Listing Price Info

Price Summary:

  • List Price: $49,900
  • Price Per SqFt: $39/SqFt

Tax Information:

  • Annual Amount: $1,562
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

18305 Wormer St vs Detroit

5 DAYS ON ROCKET

-44 Days

$49,900

-$35.1K Less

$39/SqFt

-$29 Less

KEY TAKEAWAY

This property is $35.1K less than the Median Sold Price and $29/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: #20240092050

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Robert Kabbani

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: 12/18/2024, 3:21:04 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

Jun 03, 2010Home Sold
$11,552

Tax History

YEARPROP. TAXASSESSMENT
2021$1,562$15,000
2020$1,118$13,000
2018$1,118$9,000
2017$1,147$9,200

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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-4361618
3
/10

  • Distinctive College Preparatory

  • 17175 Olympia

  • 0.92 miles

  • Public Charter Grades KG-5

school-card-donut-4361619
1
/10

  • Old Redford Academy Elementary School

  • 17195 Redford St

  • 1.13 miles

  • Public Charter Grades PK-4

school-card-donut-4361620
1
/10

  • Beech Elementary School

  • 19990 Beech Daly Rd

  • 1.20 miles

  • Public District Grades 2-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,024. The most common annual income of people living in Detroit, MI is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48219›18305 Wormer St

This home is located at 18305 Wormer St in Detroit, MI and zip code 48219 in the Old Redford neighborhood. This 1,296 square foot home, which was built in 1927, sits on a 0.17 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $49,900.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

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

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