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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, Natural Gas
BasementYes
MLS #81024060157
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
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

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

$67

Avg. Days On Market

49

# of Sold Homes

396

8661 Penrod St vs Detroit

32 DAYS ON ROCKET

-17 Days

$103,000

+$17.9K More

$65/SqFt

-$3 Less

KEY TAKEAWAY

This property is $17.9K more than the Median Sold Price and $3/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024060157

Listing Office:

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

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, 5:21:03 AM 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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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-887148
1
/10

  • Mann Learning Community

  • 19625 Elmira St

  • 1.10 miles

  • Public District Grades KG-5

school-card-donut-887149
2
/10

  • Gardner Elementary School

  • 6528 Mansfield St

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-887150
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 most common annual income of people living in Detroit, MI is less than $35k. The most common type of family 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 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 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 homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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