10 days on rocket

10700 Balfour Rd, Detroit, MI, 48224

$66,000

Home List Price

$784*

Closing Credit

3 Bedrooms
1 Full Bath
995 SqFt
$66/SqFt
House
Schools Nearby

Location

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10700 Balfour Rd, Detroit$66,000

Buyer Closing Credits

$784*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1948
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240024988
Lot Size4356.00 Acres
StatusActive

About 10700 Balfour Rd

Welcome to 10700 Balfour, a promising property nestled in the heart of Detroit, Michigan. Boasting an enviable location, this home presents an excellent opportunity for both investors and potential homeowners alike. It's important to note that the sale of this property is contingent upon approval by the bankruptcy court, ensuring a transparent and regulated transaction process. Key Features: Prime Location: Located in the vibrant city of Detroit, this property offers easy access to urban amenities, cultural attractions, and major transportation routes. Potential Investment: With its strategic location and potential for value appreciation, this property is an enticing option for savvy investors seeking to diversify their portfolio. Personalization Opportunity: Whether you're looking to renovate and customize your dream home or capitalize on its rental potential, the possibilities are endless with this property. Bankruptcy Court Approval: Please be advised that the sale of this property must receive approval from the bankruptcy court, ensuring a fair and regulated transaction process. Closing Timeline: Due to the court approval requirement, the closing process may take between 30 to 60 days. Your patience and cooperation are appreciated as we navigate this necessary step. Don't miss out on the chance to make 10700 Balfour your own. Contact us today to schedule a viewing and explore the potential awaiting within this unique property.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1948
  • Stories: 2
  • Living Area: 995 SqFt

Listing Office:

  • Office Name: RE/MAX City Centre
  • Office Phone: (313) 528-3002
  • Listing Agent: Brittani Williams

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 4356.00 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: West on 94 fwy, south of 7 mile

Price Information

Listing Price Info

Price Summary:

  • List Price: $66,000
  • Price Per SqFt: $66/SqFt

Tax Information:

  • Annual Amount: $1,492
  • 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

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

10700 Balfour Rd vs Detroit

10 DAYS ON ROCKET

-39 Days

$66,000

-$14.1K Less

$66/SqFt

-$4 Less

KEY TAKEAWAY

This property is $14.1K less than the Median Sold Price and $4/SqFt less 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: #20240024988

Listing Office:

  • Office Name: RE/MAX City Centre
  • Office Phone: (313) 528-3002
  • Listing Agent: Brittani Williams

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: 4/28/2024, 8:25:19 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$1,492$14,100
2020$972$13,100
2018$972$10,200
2017$968$8,300

History based on county public records data.

Payment Calculator

$397

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$264

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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-2068891
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.47 miles

  • Public Charter Grades KG-5

school-card-donut-2068892
3
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.36 miles

  • Public Magnet Grades 4-6

school-card-donut-2068893
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 1.78 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,167. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 10700 Balfour Rd

What is the listing price of this property?

The listing price of 10700 Balfour Rd property is $66,000.

What type of property is this?

The property 10700 Balfour Rd is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 10700 Balfour Rd 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 $1,492 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 10700 Balfour Rd has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 10700 Balfour Rd is 995 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 10700 Balfour Rd is 1948.

Rocket Homes›Michigan›Wayne County›Detroit›48224›10700 Balfour Rd

This home is located at 10700 Balfour Rd in Detroit, MI and zip code 48224 in the Denby neighborhood. This 995 square foot home, which was built in 1948, sits on a 4356.00 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $66,000.

Over 94 listings were sold over their listed price in March 2024 in Detroit, MI. In the same period over 224 listings were sold below the listed price and 74 listings were sold for the listed price. The number of listings in Detroit, MI increased by 10.7% between February 2024 and March 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

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

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