2 months on rocket

8494 Penrod St, Detroit, MI, 48228

$49,900

Home List Price

$593*

Closing Credit

2 Bedrooms
1 Full Bath
854 SqFt
$58/SqFt
House

Location

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8494 Penrod St, Detroit$49,900

Buyer Closing Credits

$593*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1942
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240062265
Lot Size0.11 Acres
StatusActive

About 8494 Penrod St

2 bedroom, 1 bathroom frame bungalow with full basement and a nice fenced in rear yard. Solid home. Property is being sold "as is" Buyer's agent to verify all information. Property is being sold "as is" Buyer's agent to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1942
  • Stories: 1
  • Living Area: 854 SqFt

Listing Office:

  • Office Name: Detroit Real Estate Advisors, LLC
  • Office Phone: (313) 333-1506
  • Listing Agent: Ashley Parmenter

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: West of Southfield and North of Joy rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $49,900
  • Price Per SqFt: $58/SqFt

Tax Information:

  • Annual Amount: $1,099
  • 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

8494 Penrod St vs Detroit

75 DAYS ON ROCKET

+30 Days

$49,900

-$35.1K Less

$58/SqFt

-$16 Less

KEY TAKEAWAY

This property is $35.1K less than the Median Sold Price and $16/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: #20240062265

Listing Office:

  • Office Name: Detroit Real Estate Advisors, LLC
  • Office Phone: (313) 333-1506
  • Listing Agent: Ashley Parmenter

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: 11/5/2024, 8:20:53 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

Aug 02, 2021Home Sold
$94,400

Tax History

YEARPROP. TAXASSESSMENT
2021$1,099$8,800
2020$704$8,200
2018$704$6,800
2017$720$6,900

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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-2045244
2
/10

  • Detroit Innovation Academy

  • 18211 Plymouth Rd

  • 1.02 miles

  • Public Charter Grades KG-6

school-card-donut-2045245
5
/10

  • Maples Elementary School

  • 6801 Mead St

  • 1.78 miles

  • Public District Grades PK-5

school-card-donut-2045246
5
/10

  • Oakman Elementary School

  • 7545 Chase Rd

  • 1.78 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 $35,138. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8494 Penrod St

What is the listing price of this property?

The listing price of 8494 Penrod St property is $49,900.

What type of property is this?

The property 8494 Penrod St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 8494 Penrod 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 $1,099 (source: MLS/based on county public records data).

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

The last sale was on August 2, 2021 for $94,400. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 8494 Penrod St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8494 Penrod St is 854 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8494 Penrod St is 1942.

Rocket Homes›Michigan›Wayne County›Detroit›48228›8494 Penrod St

This home is located at 8494 Penrod St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 854 square foot home, which was built in 1942, sits on a 0.11 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $49,900.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

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

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