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4373 Balfour Rd, Detroit, MI, 48224

$80,000

Home List Price

$950*

Closing Credit

2 Full Baths
2,002 SqFt
$40/SqFt
Multi

Location

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4373 Balfour Rd, Detroit$80,000

Buyer Closing Credits

$950*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOneCarGarage
Garage1 space
Year Built1927
HeatingForced Air, Natural Gas
BasementYes
MLS #20240091803
Lot Size0.13 Acres
StatusActive

About 4373 Balfour Rd

Great investment opportunity in Morningside with tons of potential. It is conveniently located near 94, Grosse Pointe, East English Village, and the up and coming E. Warren commercial corridor. This Tudor style property has two spacious units with 2 bedrooms, 1 bathroom, a kitchen, living room, and a dining room in each unit. It could be renovated as is to an income producing duplex or to be converted into a large single family home. The property has a great layout and many original features like hardwood floors, leaded glass windows throughout, built in fireplaces, original wood trim and doors, and an open, spacious yard. The roof was replaced in 2022. There is some visible water damage to the plaster walls in the front room from a previous roof leak, but that is not ongoing. Each unit has separate electric and gas meters. It is currently configured with ductwork and gas lines for separate furnaces for both units, but mechanicals are not included. Title is clear, and property will be transferred via warranty deed.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1927
  • Living Area: 2,002 SqFt

Listing Office:

  • Office Name: Michigan United Realty
  • Office Phone: (248) 798-8144
  • Listing Agent: John Faarup

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Warren and Alter

Price Information

Listing Price Info

Price Summary:

  • List Price: $80,000
  • Price Per SqFt: $40/SqFt

Tax Information:

  • Annual Amount: $764
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

4373 Balfour Rd vs Detroit

4 DAYS ON ROCKET

-45 Days

$80,000

-$5K Less

$40/SqFt

-$28 Less

KEY TAKEAWAY

This property is $5K less than the Median Sold Price and $28/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: #20240091803

Listing Office:

  • Office Name: Michigan United Realty
  • Office Phone: (248) 798-8144
  • Listing Agent: John Faarup

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: 12/17/2024, 11:56:03 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$764$19,500
2020$737$17,600
2018$737$12,200
2017$735$4,500

History based on county public records data.

Payment Calculator

$467

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$306

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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-4289821
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-4289822
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.25 miles

  • Public Charter Grades KG-5

school-card-donut-4289823
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.50 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,714. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›4373 Balfour Rd

This home is located at 4373 Balfour Rd in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,002 square foot home, which was built in 1927, sits on a 0.13 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since December 13, 2024 and is currently priced at $80,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. 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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