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8438 Stout St, Detroit, MI, 48228

$65,000

Home List Price

$772*

Closing Credit

3 Bedrooms
1 Full Bath
906 SqFt
$72/SqFt
House

Location

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8438 Stout St, Detroit$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1951
HeatingForced Air, Natural Gas
BasementYes
MLS #20240080976
Lot Size0.14 Acres
StatusActive

About 8438 Stout St

AMAZING 12% CAP RATE***HIGH ROI**WARRENDALE INVESTMENT PROPERTY NEAR DEARBORN** CASH FLOWING INVESTOR SPECIAL** Performing Westside Bungalow located on a solid block. Rented for $900 cash to a great tenant. This charming bungalow features 3 nice size bedrooms and a full bath. Upper master bedroom is large, private and spacious. Large living room, kitchen and full basement. Home has newer 3D Roof, vinyl windows and detached garage. Property is fenced and private. Terrific opportunity to add a performing rental to your portfolio. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance! Can also be purchased as a package with 8611 Stout for 129k.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1951
  • Living Area: 906 SqFt

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Al Baydoun, Zena Berri

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Just west of Evergreen, between Warren and Tireman

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $72/SqFt

Tax Information:

  • Annual Amount: $1,986
  • 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

8438 Stout St vs Detroit

57 DAYS ON ROCKET

+8 Days

$65,000

-$20K Less

$72/SqFt

+$4 More

KEY TAKEAWAY

This property is $20K 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: #20240080976

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Al Baydoun, Zena Berri

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, 7:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 11, 2021Home Sold
$59,900
Nov 17, 2015Home Sold
$240,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,986$14,300
2020$863$12,700
2018$863$10,900
2017$860$11,100

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-907907
1
/10

  • Mann Learning Community

  • 19625 Elmira St

  • 1.03 miles

  • Public District Grades KG-5

school-card-donut-907908
6
/10

  • River Oaks Elementary School

  • 20755 Ann Arbor Trl

  • 1.35 miles

  • Public District Grades PK-5

school-card-donut-907909
1
/10

  • Global Heights Academy

  • 23713 Joy Rd

  • 1.64 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,821. Residents of Detroit, MI typically earn between $35k-100k each year. Most families are single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8438 Stout St

What is the listing price of this property?

The listing price of 8438 Stout St property is $65,000.

What type of property is this?

The property 8438 Stout St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 8438 Stout 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 $1,986 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 11, 2021 for $59,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8438 Stout St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8438 Stout St is 906 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8438 Stout St is 1951.

Rocket Homes›Michigan›Wayne County›Detroit›48228›8438 Stout St

This home is located at 8438 Stout St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 906 square foot home, which was built in 1951, sits on a 0.14 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $65,000.

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. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

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

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