3 months on rocket

4225 Tyler St, Detroit, MI, 48238

$15,000

Home List Price

$178*

Closing Credit

2 Bedrooms
1 Full Bath
1,144 SqFt
$13/SqFt
House

Location

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4225 Tyler St, Detroit$15,000

Buyer Closing Credits

$178*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1924
HeatingForced Air, Natural Gas
BasementYes
MLS #20240066486
Lot Size0.09 Acres
StatusActive

About 4225 Tyler St

Welcome to the latest offering from the Detroit Land Bank Authority. This 2 bedroom frame colonial is located in the heart of up and coming Russell Woods. Be advised that this property needs a full rehab, but the upside is incredible. Bring your hard hat, your ideas and your tool belt. Please note that the Detroit Land bank Authority 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1924
  • Living Area: 1,144 SqFt

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Livernois, south to broadstreet to tyler go east.

Price Information

Listing Price Info

Price Summary:

  • List Price: $15,000
  • Price Per SqFt: $13/SqFt

Tax Information:

  • Annual Amount: $665
  • Tax Year: 2017
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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

$67

Avg. Days On Market

49

# of Sold Homes

396

4225 Tyler St vs Detroit

107 DAYS ON ROCKET

+58 Days

$15,000

-$70K Less

$13/SqFt

-$55 Less

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $55/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: #20240066486

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

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: 12/22/2024, 10:21:08 PM 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 - -
2017$665$9,600

History based on county public records data.

Payment Calculator

$142

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$111

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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-1094836
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 2.09 miles

  • Public District Grades KG-5

school-card-donut-1094837
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.16 miles

  • Public Charter Grades KG-5

school-card-donut-1094838
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 2.25 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,025. Residents of Detroit, MI typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4225 Tyler St

What is the listing price of this property?

The listing price of 4225 Tyler St property is $15,000.

What type of property is this?

The property 4225 Tyler St is a house located in Detroit, Michigan, 48238.

Is this property for sale now?

Active Listing: 4225 Tyler 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 2017 is $665 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4225 Tyler St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 4225 Tyler St is 1,144 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4225 Tyler St is 1924.

Rocket Homes›Michigan›Wayne County›Detroit›48238›4225 Tyler St

This home is located at 4225 Tyler St in Detroit, MI and zip code 48238 in the Winterhalter neighborhood. This 1,144 square foot home, which was built in 1924, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $15,000.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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