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8661 Penrod St, Detroit, MI, 48228

$103,000

Home List Price

$1,223*

Closing Credit

3 Bedrooms
1 Full Bath
1,584 SqFt
$65/SqFt
House

Location

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8661 Penrod St, Detroit$103,000

Buyer Closing Credits

$1,223*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage1 space
Year Built1947
HeatingForced Air
BasementYes
MLS #24060157
Lot Size0.10 Acres
StatusActive

About 8661 Penrod St

Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Fully certified by the City of Detroit, rented, meeting all Section 8 standards, and a ROI of 12.02%. Property features a 3 bedroom 1 bathroom, Section 8 tenant on a yearly lease with a rent of $1,182/month. Seller has other similar properties for sale. Seller and agent are related.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1947
  • Stories: 2
  • Living Area: 1,584 SqFt

Listing Office:

  • Office Name: 3DX Real Estate, LLC.
  • Office Phone: (888) 304-1447
  • Listing Agent: Roxana Yeh

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: Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: W of 39, S of 96.

Price Information

Listing Price Info

Price Summary:

  • List Price: $103,000
  • Price Per SqFt: $65/SqFt

Tax Information:

  • Annual Amount: $1,274
  • 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

8661 Penrod St vs Detroit

1 DAY ON ROCKET

-44 Days

$103,000

+$18K More

$65/SqFt

-$9 Less

KEY TAKEAWAY

This property is $18K more than the Median Sold Price and $9/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24060157

Listing Office:

  • Office Name: 3DX Real Estate, LLC.
  • Office Phone: (888) 304-1447
  • Listing Agent: Roxana Yeh

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/20/2024, 11:50:53 PM 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$1,274$11,200
2020$834$10,400
2018$834$8,700
2017$859$8,900

History based on county public records data.

Payment Calculator

$582

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$375

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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-162758
1
/10

  • Mann Learning Community

  • 19625 Elmira St

  • 1.10 miles

  • Public District Grades KG-5

school-card-donut-162759
2
/10

  • Gardner Elementary School

  • 6528 Mansfield St

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-162760
5
/10

  • Oakman Elementary School

  • 7545 Chase Rd

  • 1.85 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. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8661 Penrod St

What is the listing price of this property?

The listing price of 8661 Penrod St property is $103,000.

What type of property is this?

The property 8661 Penrod St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 8661 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 $1,274 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 8661 Penrod St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8661 Penrod St is 1,584 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8661 Penrod St is 1947.

Rocket Homes›Michigan›Wayne County›Detroit›48228›8661 Penrod St

This home is located at 8661 Penrod St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 1,584 square foot home, which was built in 1947, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 20, 2024 and is currently priced at $103,000.

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%. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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