CLEAN AND UPDATED 3 BED 1 BATH RANCH FOR SALE IN DETROIT! DECENT SIZED KITCHEN AND DINING ROOM! LARGE LIVING ROOM! SPACIOUS FINISHED BASEMENT! BIG BACKYARD WITH 2 CAR DETACHED GARAGE! CLOSE TO SHOPPING, SCHOOLS, AND FREEWAY! ALL DATA IS APPROXIMATE. BUYERS AGENT TO VERIFY ALL INFORMATION.
Property Details
Property Features
Property Information:
Architectural Style: Ranch
Year Built: 1960
Stories: 1
Living Area: 912 SqFt
Listing Office:
Office Name: Real Estate One-Dbn Hts/Dbn
Office Phone: (313) 565-3200
Listing Agent: Tim Muflihi
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 2 spaces
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.10 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: N OF WARREN E OF TELEGRAGH
Price Information
Listing Price Info
Price Summary:
List Price: $119,900
Price Per SqFt: $131/SqFt
Tax Information:
Annual Amount: $2,121
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.
This property is $34.9K more than the Median Sold Price and $57/SqFt more 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: #20240075172
Listing Office:
Office Name: Real Estate One-Dbn Hts/Dbn
Office Phone: (313) 565-3200
Listing Agent: Tim Muflihi
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$666
Per Month
Principal & Interest
$599
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
$426
Powered By
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
6
/10
River Oaks Elementary School
20755 Ann Arbor Trl
Distance between this listing and this school0.59 miles
Public District Grades PK-5
1
/10
Global Heights Academy
23713 Joy Rd
Distance between this listing and this school1.70 miles
Public Charter Grades PK-5
2
/10
Hillcrest Elementary School
7500 N Vernon St
Distance between this listing and this school1.77 miles
Public Magnet Grades KG-4
Nearby Schools
2
/10
Warrendale Charter Academy
19400 Sawyer St
Distance between this listing and this school0.66 miles
Public Charter Grades KG-8
1
/10
Dixon Educational Learning Academy
8401 Trinity St
Distance between this listing and this school0.81 miles
Public District Grades KG-8
10
/10
Dearborn STEM Middle School
22586 Ann Arbor Trl
Distance between this listing and this school0.96 miles
Public District Grades 6-8
Nearby Schools
3
/10
Vista Meadows Academy
20651 W Warren St
Distance between this listing and this school0.20 miles
Public Charter Grades KG-12
6
/10
Howe Trainable Center and Montessori
22586 Ann Arbor Trl
Distance between this listing and this school0.94 miles
Public District Grades PK-12
1
/10
Dearborn Magnet High School
22586 Ann Arbor Trl
Distance between this listing and this school0.95 miles
The neighbors living near this home have an average income of $27,500. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is 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 7240 Pierson St
What is the listing price of this property?
The listing price of 7240 Pierson St property is $119,900.
What type of property is this?
The property 7240 Pierson St is a house located in Detroit, Michigan, 48228.
Is this property for sale now?
Active Listing: 7240 Pierson 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 $2,121 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 29, 2015 for $12,100. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 7240 Pierson St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 7240 Pierson St is 912 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 7240 Pierson St is 1960.
This home is located at 7240 Pierson St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 912 square foot home, which was built in 1960, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $119,900.
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%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.
From Rocket Homes Real Estate and based on county public records data.