13 days on rocket

12897 Riad St, Detroit, MI, 48224

$39,999

Home List Price

$475*

Closing Credit

3 Bedrooms
1 Full Bath
831 SqFt
$48/SqFt
House
Schools Nearby

Location

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12897 Riad St, Detroit$39,999

Buyer Closing Credits

$475*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1943
HeatingForced Air, Natural Gas
BasementYes
MLS #24024001
Lot Size0.12 Acres
StatusActive

About 12897 Riad St

Welcome to your next investment opportunity in Detroit! This charming brick house, located in a vibrant neighborhood, offers prime potential for flipping. With its sturdy construction, spacious rooms, and abundant natural light, this property is a blank canvas awaiting your creative touch. Detroit's rising real estate market ensures strong resale potential, and its convenient location near amenities and transportation adds to its appeal. Don't miss out on this lucrative opportunity to capitalize on the city's revitalization. Schedule a viewing today and start your journey towards real estate success!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1943
  • Stories: 2
  • Living Area: 831 SqFt

Listing Office:

  • Office Name: Empire Realty Group
  • Office Phone: (313) 846-0960
  • Listing Agent: Sage Farnworth

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Go east on Moross then take a right on Riad and it will be the second house on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $39,999
  • Price Per SqFt: $48/SqFt
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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

12897 Riad St vs Detroit

13 DAYS ON ROCKET

-32 Days

$39,999

-$41K Less

$48/SqFt

-$23 Less

KEY TAKEAWAY

This property is $41K less than the Median Sold Price and $23/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24024001

Listing Office:

  • Office Name: Empire Realty Group
  • Office Phone: (313) 846-0960
  • Listing Agent: Sage Farnworth

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2024, 7:20:38 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-4313201
1
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 0.99 miles

  • Public Charter Grades KG-5

school-card-donut-4313202
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.39 miles

  • Public Charter Grades KG-5

school-card-donut-4313203
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.57 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,854. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12897 Riad St

What is the listing price of this property?

The listing price of 12897 Riad St property is $39,999.

What type of property is this?

The property 12897 Riad St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 12897 Riad 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 12897 Riad St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 12897 Riad St is 831 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 12897 Riad St is 1943.

Rocket Homes›Michigan›Wayne County›Detroit›48224›12897 Riad St

This home is located at 12897 Riad St in Detroit, MI and zip code 48224 in the Denby neighborhood. This 831 square foot home, which was built in 1943, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $39,999.

In April 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 243 were sold below. The number of homes for sale in Detroit, MI increased by 12.7% between March 2024 and April 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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