Calling all investors!!! This investment opportunity presents a fixer-upper in Detroit. This home has a wonderful 5 bedrooms and 2.5-baths with a bonus area in the attic that could be another bedroom or office. This house is in an ideal location and offers an excellent opportunity for any investor. This property needs some TLC; but with the right vision and effort, it could be a valuable asset. Schedule your showing today.
This property is $15K less than the Median Sold Price and $40/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: #20230022176
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Michael Perna, Todd Blair
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.
$417
Per Month
Principal & Interest
$350
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
$276
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
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school1.47 miles
Public Charter Grades KG-5
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school1.75 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school2.14 miles
Public District Grades KG-5
Nearby Schools
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school0.68 miles
Public Charter Grades KG-8
2
/10
Garvey Academy
2301 Van Dyke St
Distance between this listing and this school0.78 miles
Public District Grades PK-8
2
/10
Nichols Elementary-Middle School
3000 Burns St
Distance between this listing and this school0.83 miles
Public District Grades PK-8
Nearby Schools
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school1.54 miles
Public Charter Grades 9-12
3
/10
Martin Luther King Jr. Senior High School
3200 E Lafayette St
Distance between this listing and this school1.61 miles
Public District Grades 9-12
1
/10
Covenant House Academy Detroit East Site
9100 Gratiot Ave Ste 101
Distance between this listing and this school1.62 miles
The neighbors living near this home have an average income of $12,500. Residents of Detroit, MI typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 853 E Grand Blvd
What is the listing price of this property?
The listing price of 853 E Grand Blvd property is $70,000.
What type of property is this?
The property 853 E Grand Blvd is a house located in Detroit, Michigan, 48207.
Is this property for sale now?
Active Listing: 853 E Grand Blvd 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 $872 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 853 E Grand Blvd has 5 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 853 E Grand Blvd is 2,510 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 853 E Grand Blvd is 1907.
This home is located at 853 E Grand Blvd in Detroit, MI and zip code 48207 in the Lower East neighborhood. This 2,510 square foot home, which was built in 1907, sits on a 0.11 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 27, 2023 and is currently priced at $70,000.
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 number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. 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.