2 months on rocket

20475 Spencer St, Detroit, MI, 48234

$70,000

Home List Price

$831*

Closing Credit

3 Bedrooms
1 Full Bath
952 SqFt
$74/SqFt
House

Location

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20475 Spencer St, Detroit$70,000

Buyer Closing Credits

$831*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1941
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240063823
Lot Size0.09 Acres
StatusActive

About 20475 Spencer St

TENANT OCCUPIED BRICK BUNGALOW HOME. THIS HOME FEATURES THREE BEDROOMS, ONE BATHROOM, AND AN UNFINSIHED BASEMENT. NEW FLOORING THROUGHOUT. SOME FRESH PAINT THROUGH OUT. NEW GUTTERS AND ROOF IN 2019. THE TENANT PAYS 800 PER MONTH AND IS CURRENTLY MONTH TO MONTH. THIS PROPERTY IS BEING SOLD WITH THE TENANT. PROPERTY IS SOLD AS-IS. ALL DIMENSIONS ARE ESTIMATED AND SHOULD BE VERIFIED. ALL SHOWINGS REQUIRE A LICENSED AGENT TO BE PRESENT.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1941
  • Stories: 1
  • Living Area: 952 SqFt

Listing Office:

  • Office Name: Detroit Investment Company
  • Office Phone: (734) 838-9197
  • Listing Agent: Greg Majewski

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: JUST SOUTH OF EIGHT MILE ROAD, WEST OF VAN DYKE

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000
  • Price Per SqFt: $74/SqFt

Tax Information:

  • Annual Amount: $1,301
  • 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

20475 Spencer St vs Detroit

85 DAYS ON ROCKET

+40 Days

$70,000

-$15K Less

$74/SqFt

-$0 Less

KEY TAKEAWAY

This property is $15K less than the Median Sold Price and $0/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: #20240063823

Listing Office:

  • Office Name: Detroit Investment Company
  • Office Phone: (734) 838-9197
  • Listing Agent: Greg Majewski

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$1,301$12,100
2020$849$11,600
2018$849$8,100
2017$845$6,900

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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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-269565
5
/10

  • Lincoln Elementary School

  • 22100 Federal Ave

  • 0.84 miles

  • Public District Grades KG-5

school-card-donut-269566
2
/10

  • Mound Park Elementary School

  • 5356 Toepfer Rd

  • 1.28 miles

  • Public District Grades KG-5

school-card-donut-269567
4
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 2.00 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. The majority of Detroit, MI residents have income less than $35k annually. 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 20475 Spencer St

What is the listing price of this property?

The listing price of 20475 Spencer St property is $70,000.

What type of property is this?

The property 20475 Spencer St is a house located in Detroit, Michigan, 48234.

Is this property for sale now?

Active Listing: 20475 Spencer 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 $1,301 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 20475 Spencer St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 20475 Spencer St is 952 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 20475 Spencer St is 1941.

Rocket Homes›Michigan›Wayne County›Detroit›48234›20475 Spencer St

This home is located at 20475 Spencer St in Detroit, MI and zip code 48234 in the Grant neighborhood. This 952 square foot home, which was built in 1941, sits on a 0.09 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $70,000.

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. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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