2 months on rocket

8245 Brace St, Detroit, MI, 48228

$65,900

Home List Price

$783*

Closing Credit

3 Bedrooms
1 Full Bath
846 SqFt
$78/SqFt
House

Location

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8245 Brace St, Detroit$65,900

Buyer Closing Credits

$783*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1943
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240065901
StatusActive

About 8245 Brace St

Must see! Turnkey cash flowing 3 bedroom 1 bathroom ranch on Detroit's West Side located in the Warrendale neighborhood. Great Section 8 tenant paying 964/month expiring on 05/23/2024. Room for rent increase once current lease expires and buyer will have instant equity. This area has seen tremendous growth in value. PLEASE DO NOT DISTURB TENANT. The accuracy of all information, regardless of the source, is not guaranteed or warranted. All information should be independently verified.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1943
  • Stories: 1
  • Living Area: 846 SqFt

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (248) 548-4400
  • Listing Agent: Mark Poloney

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available, High Spd Internet Avail

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: North of Tireman and West of Southfield Fwy

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,900
  • Price Per SqFt: $78/SqFt

Tax Information:

  • Annual Amount: $1,295
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

8245 Brace St vs Detroit

69 DAYS ON ROCKET

+24 Days

$65,900

-$19.1K Less

$78/SqFt

+$4 More

KEY TAKEAWAY

This property is $19.1K less than the Median Sold Price and $4/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: #20240065901

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (248) 548-4400
  • Listing Agent: Mark Poloney

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: 11/13/2024, 1:20:51 AM 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$1,295$13,200
2020$845$12,300
2018$845$7,000
2017$1,117$10,000

History based on county public records data.

Payment Calculator

$396

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$264

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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-308364
1
/10

  • Mann Learning Community

  • 19625 Elmira St

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-308365
2
/10

  • Gardner Elementary School

  • 6528 Mansfield St

  • 1.46 miles

  • Public District Grades KG-5

school-card-donut-308366
6
/10

  • River Oaks Elementary School

  • 20755 Ann Arbor Trl

  • 1.58 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 $50,000. The most common annual income of people living in Detroit, MI is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8245 Brace St

What is the listing price of this property?

The listing price of 8245 Brace St property is $65,900.

What type of property is this?

The property 8245 Brace St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 8245 Brace 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 $1,295 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8245 Brace St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8245 Brace St is 846 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8245 Brace St is 1943.

Rocket Homes›Michigan›Wayne County›Detroit›48228›8245 Brace St

This home is located at 8245 Brace St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 846 square foot home was built in 1943. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $65,900.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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