Investment Opportunity! This 3-bedroom, 1-bathroom bungalow at 18658 Rutherford Street in Detroit offers a great option for those seeking an investment property. The tenant provides one-thousand two-hundred per month in rental income, offering a reliable income stream. Located in a well-established area, this 1,239 sq ft home includes a primary bedroom on the second floor and two additional bedrooms on the main level. The partially finished basement adds 600 sq ft of extra space for a variety of uses. The property sits on a 40 x 112 ft lot and features a 1-car detached garage with a manageable yard. The brick exterior and upkeep of the property make it a solid addition to any portfolio.
Property Details
Property Features
Property Information:
Year Built: 1942
Stories: 1
Living Area: 1,239 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (269) 600-4397
Listing Agent: Sotero Lopez II
Interior Features
Interior Information:
Basement: Yes
Fireplace: LivRoom Fireplace
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
School Info
School District Information:
School District: Detroit City School District
Other
Directions Information:
Directions: SOUTH OF 7 MILE AND EAST OF SOUTHFIELD FWY
Price Information
Listing Price Info
Price Summary:
List Price: $130,000
Price Per SqFt: $105/SqFt
Tax Information:
Annual Amount: $630
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 $44.9K more than the Median Sold Price and $37/SqFt more than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MiRealSource
MLS Number: #50162733
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (269) 600-4397
Listing Agent: Sotero Lopez II
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 7:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 21, 2019
Oct 21, 2019Home Sold
$79,000
Oct 03, 2019
Oct 03, 2019Home Sold
$39,800
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$630
$20,900
2020
$1,076
$18,100
2018
$1,076
$12,900
2017
$1,075
$12,000
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$716
Per Month
Principal & Interest
$649
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
$456
Powered By
Advertisement
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
Coleman A. Young Elementary School
15771 Hubbell St
Distance between this listing and this school1.66 miles
Public District Grades PK-5
1
/10
Cooke STEM Academy
18800 Puritan St
Distance between this listing and this school1.70 miles
Public District Grades KG-5
1
/10
Adamsyoung Building
13130 Grove St
Distance between this listing and this school1.76 miles
Public Charter Grades KG-5
Nearby Schools
2
/10
Rutherford Winans Academy
16411 Curtis St
Distance between this listing and this school0.43 miles
Public Charter Grades PK-7
3
/10
Detroit Achievement Academy
7000 W Outer Dr
Distance between this listing and this school0.57 miles
Public Charter Grades KG-8
1
/10
Bow Elementary-Middle School
19801 Prevost St
Distance between this listing and this school0.62 miles
Public District Grades PK-8
Nearby Schools
1
/10
University Yes Academy
14717 Curtis St
Distance between this listing and this school0.74 miles
Public Charter Grades KG-12
9
/10
Renaissance High School
6565 W Outer Dr
Distance between this listing and this school0.82 miles
Public District Grades 9-12
2
/10
Old Redford Academy High School
8001 W Outer Dr
Distance between this listing and this school0.91 miles
The neighbors living near this home have an average income of $44,327. Typical income of Detroit, MI residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 18658 Rutherford St
What is the listing price of this property?
The listing price of 18658 Rutherford St property is $130,000.
What type of property is this?
The property 18658 Rutherford St is a house located in Detroit, Michigan, 48235.
Is this property for sale now?
Active Listing: 18658 Rutherford 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 $630 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 21, 2019 for $79,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 18658 Rutherford St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 18658 Rutherford St is 1,239 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 18658 Rutherford St is 1942.
This home is located at 18658 Rutherford St in Detroit, MI and zip code 48235 in the Upper West neighborhood. This 1,239 square foot home, which was built in 1942, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $130,000.
In November 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 55 listings were sold at asking price, while more than 247 were sold below. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased 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.