Tenant occupied month to month rent $1600 Spacious 3 bedroom bungalow. Full basement and a garage too Great home for a family or an investor. This rare corner lot bungalow features 4 bedrooms & 1.5 bathrooms. First floor master, 3 other bedrooms are upstairs along with the full bathroom. Do not disturb tenants.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1929
Stories: 1
Living Area: 932 SqFt
Listing Office:
Office Name: GPM Real Estate by eXp Realty
Office Phone: (734) 287-6619
Listing Agent: Michael Weinraub
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 1
Total Bedroom Count: 4
Exterior Features
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Hot Water
School Info
Assigned Schools Information:
East Detroit High School, Public District Grades 9-12
Kelly Middle School, Public District Grades 6-8
Bellview Elementary School, Public District Grades 3-5
Other
Directions Information:
Directions: N of Eight Mile/E of Mound
Price Information
Listing Price Info
Price Summary:
List Price: $144,000
Price Per SqFt: $155/SqFt
Tax Information:
Annual Amount: $1,768
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 Eastpointe, MI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$786
Per Month
Principal & Interest
$719
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
$498
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.
Elementary School
2
/10
Bellview Elementary School
15800 Bell Ave
Distance between this listing and this school0.61 miles
Public District Grades 3-5
Middle School
1
/10
Kelly Middle School
24701 Kelly Rd
Distance between this listing and this school1.26 miles
Public District Grades 6-8
High School
3
/10
East Detroit High School
15501 Couzens Ave
Distance between this listing and this school0.72 miles
Public District Grades 9-12
Assigned Schools
2
/10
Bellview Elementary School
15800 Bell Ave
Distance between this listing and this school0.61 miles
Public District Grades 3-5
Nearby Schools
2
/10
Pleasantview Elementary School
16501 Toepfer Dr
Distance between this listing and this school0.80 miles
Public District Grades 3-5
4
/10
Dort Elementary School
16225 Dort St
Distance between this listing and this school1.12 miles
Public District Grades PK-5
Assigned Schools
1
/10
Kelly Middle School
24701 Kelly Rd
Distance between this listing and this school1.26 miles
Public District Grades 6-8
Nearby Schools
4
/10
Macomb Montessori Academy
14057 East Nine Mile Rd
Distance between this listing and this school1.57 miles
Public Charter Grades KG-8
3
/10
Reach Charter Academy
25275 Chippendale St
Distance between this listing and this school1.63 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
East Detroit High School
15501 Couzens Ave
Distance between this listing and this school0.72 miles
Public District Grades 9-12
Nearby Schools
3
/10
Eaton Academy
21450 Universal Ave
Distance between this listing and this school1.02 miles
Public Charter Grades KG-12
3
/10
Chandler Park Academy - High School
20254 Kelly Rd
Distance between this listing and this school1.70 miles
The neighbors living near this home have an average income of $46,850. Residents of Eastpointe, MI typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 23700 Melrose Ave
What is the listing price of this property?
The listing price of 23700 Melrose Ave property is $144,000.
What type of property is this?
The property 23700 Melrose Ave is a house located in Eastpointe, Michigan, 48021.
Is this property for sale now?
Active Listing: 23700 Melrose Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 23700 Melrose Ave are: Bellview Elementary School: GreatSchools Rating 2/10Kelly Middle School: GreatSchools Rating 1/10East Detroit High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,768 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 23700 Melrose Ave has 4 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 23700 Melrose Ave is 932 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 23700 Melrose Ave is 1929.
This home is located at 23700 Melrose Ave in Eastpointe, MI and zip code 48021. This 932 square foot home, which was built in 1929, sits on a 0.16 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $144,000.
In October 2024 more than 12 listings in Eastpointe, MI were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 11 were sold below. The number of homes for sale in Eastpointe, MI increased by 11.3% between September 2024 and October 2024. The median list price of listings available in October 2024 was $159,900, while the average time on the real estate market was 21 days.
From Rocket Homes Real Estate and based on county public records data.