26 days on rocket

Sale Pending

12191 E Outer Dr, Detroit, MI, 48224

$475,000

Home List Price

$5,641*

Closing Credit

7 Bedrooms
7 Full Baths
1,700 SqFt
$279/SqFt
Multi
Schools Nearby

Location

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12191 E Outer Dr, Detroit$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1937
HeatingForced Air
BasementYes
MLS #50137267
Lot Size0.11 Acres
StatusSale Pending
(Pending)

About 12191 E Outer Dr

Outstanding investment opportunity! Aggressively priced for the knowledgeable Detroit investor. Increase your portfolio with this 7-house package. 6 single family homes and one duplex. Click on pics for photos of houses. All currently rented on a month-to-month basis. Sale includes: 20515 San Juan, 13239 Santa Rosa, 118036 Whitcomb, 18000 Whitcomb, 12191 E Outer Dr., 19380 Sussex and 9577 Decatur. These are all located in the City of Detroit. All have been though Section 8 approval at some time. Currently 1 tenant is Section 8. DO NOT DISTURB THE TENANTS OR APPROACH THE PROPERTIES. Showings and inspections when signed offer to purchase. One of 2 packages of homes for sale by same owner, a total of 14 properties available. Also see MLS 50137269 of other 7 houses . Pics from Assessing Dept

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1937
  • Stories: 2
  • Living Area: 1,700 SqFt

Listing Office:

  • Office Name: Lee Realty Inc.
  • Office Phone: (586) 771-3800
  • Listing Agent: Michelle Volckaert

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Subdivision
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

School District Information:

  • School District: Detroit City School District

Other

Directions Information:

  • Directions: Do not disturb tenant.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $279/SqFt

Agent Commission:

  • Buyer's Agent Commission: 3%
  • Seller's Agent Commission: 3%

Tax Information:

  • Annual Amount: $903
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

12191 E Outer Dr vs Detroit

26 DAYS ON ROCKET

-23 Days

$475,000

+$394.8K More

$279/SqFt

+$209 More

KEY TAKEAWAY

This property is $394.8K more than the Median Sold Price and $209/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50137267

Listing Office:

  • Office Name: Lee Realty Inc.
  • Office Phone: (586) 771-3800
  • Listing Agent: Michelle Volckaert

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/27/2024, 6:20:26 PM 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$903$25,600
2020$1,564$24,500
2018$1,564$16,800
2017$1,556$15,000

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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.

Nearby Schools

school-card-donut-1477764
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.67 miles

  • Public Charter Grades KG-5

school-card-donut-1477765
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 1.47 miles

  • Public District Grades KG-5

school-card-donut-1477766
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.61 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 $48,456. Residents of Detroit, MI typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›12191 E Outer Dr

This home is located at 12191 E Outer Dr in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,700 square foot home, which was built in 1937, sits on a 0.11 acre lot. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 01, 2024 and is currently priced at $475,000.

While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. 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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