3 months on rocket

Sale Pending

14047 Marlowe St, Detroit, MI, 48227

$109,900

Home List Price

$1,305*

Closing Credit

3 Bedrooms
1 Full Bath
1,441 SqFt
$76/SqFt
House
Schools Nearby

Location

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14047 Marlowe St, Detroit$109,900

Buyer Closing Credits

$1,305*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1927
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240005283
Lot Size0.08 Acres
StatusSale Pending
(Pending)

About 14047 Marlowe St

Can be purchased in a package deal! 10% off discount if purchased with 20110 Stotter - another amazing occupied investment property. Welcome to 14047 Marlowe St., a fantastic property that comes with the security of a Section 8 lease. This 3-bedroom, 1-bathroom residence offers a unique opportunity for savvy investors looking to add a valuable asset to their portfolio. Situated in Detroit, Michigan, this property is strategically located in an area with potential for growth and development. Take advantage of the city's revitalization and be part of its promising future. The spacious layout of this colonial home makes it an ideal rental property. With three bedrooms, tenants will enjoy comfort and ample living space, contributing to long-term tenant satisfaction. This property comes with the added benefit of a tenant already on a Section 8 lease. Enjoy the stability and guaranteed income that comes with this government-backed program, providing a reliable source of rental payments. Whether you're a seasoned investor or just starting, 14047 Marlowe St. is a great addition to your portfolio. The property's current Section 8 lease offers a hassle-free investment experience, and Detroit's ongoing urban development makes it an attractive market for real estate investments. Detroit is experiencing a resurgence, and investing in this property puts you in a position to benefit from potential future appreciation. Take advantage of the increasing demand for rental properties in this evolving market. The home's colonial architecture adds character and appeal, making it an attractive option for potential tenants. Invest in a property that not only provides financial returns but also stands out in the market. Don't miss out on this incredible investment opportunity at 14047 Marlowe St. Secure your future with a property that combines the stability of a Section 8 lease, the potential for appreciation, a

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1927
  • Stories: 2
  • Living Area: 1,441 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Alan C Robson

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: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Going west on Grand River, turn right onto Marlowe. House will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $109,900
  • Price Per SqFt: $76/SqFt

Tax Information:

  • Annual Amount: $1,464
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

14047 Marlowe St vs Detroit

100 DAYS ON ROCKET

+55 Days

$109,900

+$28.8K More

$76/SqFt

+$5 More

KEY TAKEAWAY

This property is $28.8K more than the Median Sold Price and $5/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: #20240005283

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Alan C Robson

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: 5/6/2024, 8:20:37 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$1,464$11,900
2020$955$12,300
2018$955$8,300
2017$951$8,100

History based on county public records data.

Payment Calculator

$616

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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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-6861597
5
/10
  • Detroit Innovation Academy

  • 18211 Plymouth Rd

  • 1.97 miles

  • Public Charter Grades KG-6

school-card-donut-6861598
5
/10
  • Rutherford Winans Academy

  • 16411 Curtis St

  • 2.45 miles

  • Public Charter Grades PK-5

school-card-donut-6861599
5
/10
  • McCollough Elementary School

  • 7801 Maple St

  • 2.78 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,768. Typical income of Detroit, MI residents is less than $35k annually. Residents typically live in single, no kids family. 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 14047 Marlowe St

What is the listing price of this property?

The listing price of 14047 Marlowe St property is $109,900.

What type of property is this?

The property 14047 Marlowe St is a house located in Detroit, Michigan, 48227.

Is this property for sale now?

Sale Pending: 14047 Marlowe St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,464 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 14047 Marlowe St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 14047 Marlowe St is 1,441 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 14047 Marlowe St is 1927.

Rocket Homes›Michigan›Wayne County›Detroit›48227›14047 Marlowe St

This home is located at 14047 Marlowe St in Detroit, MI and zip code 48227 in the Upper West neighborhood. This 1,441 square foot home, which was built in 1927, sits on a 0.08 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 27, 2024 and is currently priced at $109,900.

Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. In April 2024 median list price was $81,036 and the average listing age was 45 days.

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

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