14 days on rocket

7022 Thatcher St, Detroit, MI, 48221

$180,000

Home List Price

$2,138*

Closing Credit

4 Bedrooms
2 Full Baths
2,118 SqFt
$85/SqFt
House
Schools Nearby

Location

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7022 Thatcher St, Detroit$180,000

Buyer Closing Credits

$2,138*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
Year Built1929
HeatingNatural Gas, Hot Water
BasementYes
MLS #20230008527
Lot Size0.10 Acres
StatusActive

About 7022 Thatcher St

Exciting potential awaits in the lively Bagley District! Whether you're eager to live in one unit and rent out the other to offset expenses, or rent both units for a steady income stream, this property offers a promising opportunity. Though the house requires updates, the newer roof provides a solid foundation for future improvements. With some attention and care, this property can be transformed into a lucrative investment. Inside, both units boast the potential for modernization, with refreshed kitchens and baths already in place. The upper unit, while currently occupied, can be made available for viewing upon an accepted offer. Despite its current condition, the property's location in a growing area, alongside the presence of the University of Detroit Mercy, ensures its long-term value. While the prime location promises potential for growth. Don't miss out on this chance to unlock the possibilities of this Bagley District property – schedule your private showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Tudor
  • Year Built: 1929
  • Stories: 2
  • Living Area: 2,118 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: John Goci

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Take Livernoi north to Thatcher west.

Price Information

Listing Price Info

Price Summary:

  • List Price: $180,000
  • Price Per SqFt: $85/SqFt

Tax Information:

  • Annual Amount: $1,543
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

7022 Thatcher St vs Detroit

14 DAYS ON ROCKET

-31 Days

$180,000

+$98.9K More

$85/SqFt

+$14 More

KEY TAKEAWAY

This property is $98.9K more than the Median Sold Price and $14/SqFt more 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: #20230008527

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: John Goci

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: 5/15/2024, 2:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 17, 2016Home Sold
$32,500
Jan 07, 2013Home Sold
$36,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,543$51,800
2020$2,662$42,700
2018$2,662$28,800
2017$1,406$26,300

History based on county public records data.

Payment Calculator

$966

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$606

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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-1436104
2
/10

  • Einstein Elementary School

  • 14001 Northend Ave

  • 3.03 miles

  • Public District Grades PK-6

school-card-donut-1436105
1
/10

  • Key Elementary School

  • 23400 Jerome St

  • 3.19 miles

  • Public District Grades PK-6

school-card-donut-1436106
2
/10

  • United Oaks Elementary School

  • 1001 E Harry Ave

  • 3.36 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,425. Most Detroit, MI residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. 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 7022 Thatcher St

What is the listing price of this property?

The listing price of 7022 Thatcher St property is $180,000.

What type of property is this?

The property 7022 Thatcher St is a house located in Detroit, Michigan, 48221.

Is this property for sale now?

Active Listing: 7022 Thatcher 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 $1,543 (source: MLS/based on county public records data).

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

The last sale was on March 17, 2016 for $32,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 7022 Thatcher St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7022 Thatcher St is 2,118 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7022 Thatcher St is 1929.

Rocket Homes›Michigan›Wayne County›Detroit›48221›7022 Thatcher St

This home is located at 7022 Thatcher St in Detroit, MI and zip code 48221 in the Bagley neighborhood. This 2,118 square foot home, which was built in 1929, sits on a 0.10 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $180,000.

Detroit, MI housing market in April 2024 saw over 94 listings sold above listed price, more than 89 sold at listed price and over 243 sold below. In April 2024 in Detroit, MI there were 12.7% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $81,036, 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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