Get ready for your newest investment opportunity! This adorable 2 unit with a newer roof is ready for you to put your personal touches on it. This is sure to be a stunner once finished, don't let this great home pass you by!
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1925
Stories: 2
Living Area: 1,680 SqFt
Listing Office:
Office Name: KW Advantage
Office Phone: (248) 380-8800
Listing Agent: Bobby Lewis
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Total Bedroom Count: 5
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Hot Water
Other
Directions Information:
Directions: Oakman & LaSalle
Price Information
Listing Price Info
Price Summary:
List Price: $69,000
Price Per SqFt: $41/SqFt
Tax Information:
Annual Amount: $1,144
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$412
Per Month
Principal & Interest
$345
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
$273
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
George Washington Carver Elementary School
14510 2nd Ave
Distance between this listing and this school1.28 miles
Public Charter Grades PK-4
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school1.66 miles
Public Charter Grades KG-5
3
/10
Bagley Elementary School of Journalism and Technology
8100 Curtis St
Distance between this listing and this school2.47 miles
Public District Grades PK-6
Nearby Schools
4
/10
New Paradigm Glazer Academy
2001 La Belle St
Distance between this listing and this school0.26 miles
Public Charter Grades KG-8
1
/10
Thurgood Marshall-Elementary School
15531 Linwood St
Distance between this listing and this school0.69 miles
Public District Grades PK-8
1
/10
Durfee Elementary-Middle School
2425 Tuxedo St
Distance between this listing and this school1.06 miles
Public District Grades KG-8
Nearby Schools
5
/10
Joy Preparatory Academy
15055 Dexter Ave
Distance between this listing and this school0.77 miles
Public Charter Grades PK-12
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school1.06 miles
Public District Grades 9-12
4
/10
The School at Marygrove
8425 W McNichols Rd
Distance between this listing and this school2.09 miles
The neighbors living near this home have an average income of $26,486. Most Detroit, MI residents have annual incomes less than $35k. Most families are 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 2440 Ford St
What is the listing price of this property?
The listing price of 2440 Ford St property is $69,000.
What type of property is this?
The property 2440 Ford St is a house located in Detroit, Michigan, 48238.
Is this property for sale now?
Active Listing: 2440 Ford 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 $1,144 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 2440 Ford St has 5 bedrooms and 2 bathrooms.
What is the square footage of this property?
The property 2440 Ford St is 1,680 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2440 Ford St is 1925.
This home is located at 2440 Ford St in Detroit, MI and zip code 48238 in the Midtown neighborhood. This 1,680 square foot home, which was built in 1925, sits on a 0.08 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $69,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. 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.