This move-in ready gem on Detroit's eastside is ready for its new owner. With an intimate layout and recent renovations, as soon as you step through the door it will feel like home. Located right off of Gratiot and near the famous 8 mile, you will never run out of things to do. Book your showing right now! Buyer to pay $395 processing fee to listing broker. As-is sale. Buyer responsible for city inspections and/or requirements, if any exist. Seller financing / Land contract terms available at $75,000.00 purchase price, $18,000.00 down payment, 8% interest, 120 months Term. $692.00/month. Seller financing / Land contract terms are negotiable.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1927
Stories: 1
Living Area: 632 SqFt
Listing Office:
Office Name: Market Elite Inc
Office Phone: (586) 226-3200
Listing Agent: Derek C Lievens
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 1
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: East of Gratiot and South of Houston Whittier
Price Information
Listing Price Info
Price Summary:
List Price: $65,000
Price Per SqFt: $103/SqFt
Tax Information:
Annual Amount: $318
Tax Year: 2021
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.
This property is $16K less than the Median Sold Price and $32/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: #20240019204
Listing Office:
Office Name: Market Elite Inc
Office Phone: (586) 226-3200
Listing Agent: Derek C Lievens
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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Marvin L. Winans Academy of Performing Arts Elementary School
9740 Mckinney St
Distance between this listing and this school2.14 miles
Public Charter Grades KG-5
4
/10
McKinley Elementary School
13173 Toepfer Rd
Distance between this listing and this school2.85 miles
Public District Grades KG-5
3
/10
Bridge Academy - Elementary School
9600 Buffalo St
Distance between this listing and this school3.12 miles
Public Charter Grades PK-5
Nearby Schools
2
/10
Brenda Scott Academy For Theatre Arts
18440 Hoover St
Distance between this listing and this school1.19 miles
Public District Grades KG-8
2
/10
Trix Elementary School
13700 Bringard Dr
Distance between this listing and this school2.06 miles
Public Charter Grades PK-8
3
/10
Regent Park Scholars Charter Academy
15865 East Seven Mile Rd
Distance between this listing and this school2.15 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school1.80 miles
Public District Grades 9-12
1
/10
Harper Woods Virtual Academy
19344 Kelly Rd
Distance between this listing and this school2.50 miles
Public Magnet Grades 6-12
1
/10
Diploma Success Community School
19344 Kelly Rd
Distance between this listing and this school2.50 miles
The neighbors living near this home have an average income of $15,904. Residents of Detroit, MI typically earn less than $35k each year. The most common type of family is single, no kids. 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 12388 Loretto St
What is the listing price of this property?
The listing price of 12388 Loretto St property is $65,000.
What type of property is this?
The property 12388 Loretto St is a house located in Detroit, Michigan, 48205.
Is this property for sale now?
Active Listing: 12388 Loretto 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 $318 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 12388 Loretto St has 1 bedroom and 1 bathroom.
What is the square footage of this property?
The property 12388 Loretto St is 632 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 12388 Loretto St is 1927.
This home is located at 12388 Loretto St in Detroit, MI and zip code 48205 in the Upper East neighborhood. This 632 square foot home, which was built in 1927, sits on a 0.08 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $65,000.
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. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. While the average time on the market in April 2024 was 45 days, the median list price was $81,036.
From Rocket Homes Real Estate and based on county public records data.