Welcome to this 2 bedroom, 1.5 bathroom, 2 car garage home in the heart of Detroit, brimming with character and opportunity. This property is perfect for those looking to invest in a home that offers potential. The layout provides a great foundation for creating your dream space. While this home is in need of some TLC, it offers a functional design with potential for a modern update that suits your style. The basement adds extra space for your creative touch. Whether you're a first-time homebuyer or an investor seeking a project with great potential, this property is ready for your personal touch. This home is an ideal spot for urban living.
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.
$392
Per Month
Principal & Interest
$325
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
$261
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
5
/10
Oakman Elementary School
7545 Chase Rd
Distance between this listing and this school0.78 miles
Public District Grades PK-5
3
/10
McCollough Elementary School
7801 Maple St
Distance between this listing and this school0.88 miles
Public District Grades PK-5
5
/10
Maples Elementary School
6801 Mead St
Distance between this listing and this school1.06 miles
Public District Grades PK-5
Nearby Schools
2
/10
Detroit Premier Academy
7781 Asbury Park
Distance between this listing and this school0.70 miles
Public Charter Grades KG-8
1
/10
Henderson Academy
16101 W Chicago St
Distance between this listing and this school0.79 miles
Public District Grades KG-8
3
/10
Unis Middle School
7801 Maple St
Distance between this listing and this school0.85 miles
Public District Grades 6-8
Nearby Schools
1
/10
Cody High School
18445 Cathedral St
Distance between this listing and this school1.34 miles
Public District Grades 9-12
3
/10
Riverside Academy West Campus
6409 Schaefer Rd
Distance between this listing and this school1.57 miles
Public Charter Grades 6-12
1
/10
Way Academy Chicago Site
19321 W Chicago St
Distance between this listing and this school1.88 miles
The neighbors living near this home have an average income of $35,093. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8356 Prest St
What is the listing price of this property?
The listing price of 8356 Prest St property is $65,000.
What type of property is this?
The property 8356 Prest St is a house located in Detroit, Michigan, 48228.
Is this property for sale now?
Sale Pending: 8356 Prest St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $553 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 8356 Prest St has 2 bedrooms and 1 full and 1 half bathrooms.
What is the square footage of this property?
The property 8356 Prest St is 2,030 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8356 Prest St is 1941.
This home is located at 8356 Prest St in Detroit, MI and zip code 48228 in the Grandale / Brooks neighborhood. This 2,030 square foot home, which was built in 1941, sits on a 0.10 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $65,000.
While more than 91 listings in Detroit, MI in December 2024 were sold above asking price, there were more than 68 listings sold at asking price, and more than 231 were sold below. Between November 2024 and December 2024, Detroit, MI real estate market has seen increase in the number of listings by 0.2%. While the average time on the market in December 2024 was 46 days, the median list price was $85,917.
From Rocket Homes Real Estate and based on county public records data.