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20228 Packard St, Detroit, MI, 48234

$24,000

Home List Price

$285*

Closing Credit

3 Bedrooms
2 Full Baths
1,440 SqFt
$17/SqFt
House

Location

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20228 Packard St, Detroit$24,000

Buyer Closing Credits

$285*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240078468
Lot Size0.09 Acres
StatusActive

About 20228 Packard St

Investor special on a THREE home bundle brought to you by the Detroit Land Bank Authority! These homes on Detroit's eastside has a ton of potential and could easily be turned into a single family residence and/or income generating duplexs! THE ADDRESSES INCLUDED IN THIS BUNDLE ARE 20228 PACKARD, 20247 CARRIE, AND 20238 HELEN. THEY MUST BE PURCHASED TOGETER. TOTAL LISTING PRICE IS $24,000. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1926
  • Stories: 1
  • Living Area: 1,440 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • 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: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: South of eight mile East of Sherwood st

Price Information

Listing Price Info

Price Summary:

  • List Price: $24,000
  • Price Per SqFt: $17/SqFt

Tax Information:

  • Annual Amount: $1,175
  • 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

20228 Packard St vs Detroit

35 DAYS ON ROCKET

-10 Days

$24,000

-$61K Less

$17/SqFt

-$57 Less

KEY TAKEAWAY

This property is $61K less than the Median Sold Price and $57/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: #20240078468

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

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: 11/21/2024, 11:20:55 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$1,175$14,700
2020$769$14,100
2018$769$8,900
2017$769$7,600

History based on county public records data.

Payment Calculator

$187

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$138

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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-272039
5
/10

  • Lincoln Elementary School

  • 22100 Federal Ave

  • 0.96 miles

  • Public District Grades KG-5

school-card-donut-272040
2
/10

  • Mound Park Elementary School

  • 5356 Toepfer Rd

  • 1.32 miles

  • Public District Grades KG-5

school-card-donut-272041
4
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 2.06 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 $39,286. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20228 Packard St

What is the listing price of this property?

The listing price of 20228 Packard St property is $24,000.

What type of property is this?

The property 20228 Packard St is a house located in Detroit, Michigan, 48234.

Is this property for sale now?

Active Listing: 20228 Packard 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 $1,175 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 20228 Packard St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 20228 Packard St is 1,440 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20228 Packard St is 1926.

Rocket Homes›Michigan›Wayne County›Detroit›48234›20228 Packard St

This home is located at 20228 Packard St in Detroit, MI and zip code 48234 in the Grant neighborhood. This 1,440 square foot home, which was built in 1926, sits on a 0.09 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $24,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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