Welcome to this partially renovated 3-bedroom home located in a quiet Detroit neighborhood. With a large yard perfect for outdoor activities, this property offers plenty of space for relaxation and recreation. Inside, you'll find a blank canvas ready for your finishing touches. The home has undergone some updates, but there's still room for you to add your personal style and complete the renovation to your liking. This is a fantastic opportunity for investors or buyers looking to create their dream home. With a bit of vision and effort, this property can shine once again. Don't miss out on this chance to own a home with great potential in Detroit. Schedule your showing today! Land bank assignment required!
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1938
Stories: 1
Living Area: 746 SqFt
Listing Office:
Office Name: iTech Realty
Office Phone: (586) 262-6757
Listing Agent: Kingsley Ifezue
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: Take the exit from the nearest highway onto Memorial Drive. Head west on Memorial Drive. Continue straight. 9950 Memorial will be on your right.
Price Information
Listing Price Info
Price Summary:
List Price: $23,000
Price Per SqFt: $31/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$182
Per Month
Principal & Interest
$115
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
$135
Powered By
Advertisement
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
1
/10
Mann Learning Community
19625 Elmira St
Distance between this listing and this school1.16 miles
Public District Grades KG-5
5
/10
Oakman Elementary School
7545 Chase Rd
Distance between this listing and this school1.98 miles
Public District Grades PK-5
3
/10
Edison Elementary School
17045 Grand River Ave
Distance between this listing and this school2.04 miles
Public District Grades PK-5
Nearby Schools
2
/10
Detroit Innovation Academy
18211 Plymouth Rd
Distance between this listing and this school0.35 miles
Public Charter Grades KG-8
1
/10
Henderson Academy
16101 W Chicago St
Distance between this listing and this school0.44 miles
Public District Grades KG-8
1
/10
Dossin Elementary-Middle School
16650 Glendale St
Distance between this listing and this school0.99 miles
Public District Grades KG-8
Nearby Schools
1
/10
Cody High School
18445 Cathedral St
Distance between this listing and this school0.73 miles
Public District Grades 9-12
1
/10
Way Academy Chicago Site
19321 W Chicago St
Distance between this listing and this school0.99 miles
Public Charter Grades 6-12
2
/10
Detroit Community Schools High School
12675 Burt Rd
Distance between this listing and this school2.01 miles
The neighbors living near this home have an average income of $26,400. Residents of Detroit, MI typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 9950 Memorial St
What is the listing price of this property?
The listing price of 9950 Memorial St property is $23,000.
What type of property is this?
The property 9950 Memorial St is a house located in Detroit, Michigan, 48227.
Is this property for sale now?
Active Listing: 9950 Memorial St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 9950 Memorial St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 9950 Memorial St is 746 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 9950 Memorial St is 1938.
This home is located at 9950 Memorial St in Detroit, MI and zip code 48227 in the Grandale / Brooks neighborhood. This 746 square foot home, which was built in 1938, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $23,000.
In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. 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.