13 days on rocket

Sale Pending

16008 Fairmount Dr, Detroit, MI, 48205

$12,500

Home List Price

$148*

Closing Credit

3 Bedrooms
1 Full Bath
972 SqFt
$13/SqFt
House
Schools Nearby

Location

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16008 Fairmount Dr, Detroit$12,500

Buyer Closing Credits

$148*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1942
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240024190
Lot Size0.10 Acres
StatusSale Pending
(Pending)

About 16008 Fairmount Dr

we have multiple offers received. Highest and best due Monday, April 21 at 9:00 am. Attention investors! This property is being sold as-is and is ideal for those looking to capitalize on a renovation project. Featuring a covered porch and a detached garage, this home offers potential for improvement and value enhancement. Bring your vision and expertise to transform this property into a profitable investment. Whether you're seeking to flip or rent, this opportunity is ripe for investment success. Don't miss out—contact us today to learn more about this promising investment prospect!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1942
  • Stories: 1
  • Living Area: 972 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erika Baker

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: North of E State Fair and East of Kelly

Price Information

Listing Price Info

Price Summary:

  • List Price: $12,500
  • Price Per SqFt: $13/SqFt

Tax Information:

  • Annual Amount: $480
  • 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

16008 Fairmount Dr vs Detroit

13 DAYS ON ROCKET

-36 Days

$12,500

-$67.6K Less

$13/SqFt

-$57 Less

KEY TAKEAWAY

This property is $67.6K less than the Median Sold Price and $57/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: #20240024190

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erika Baker

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: 4/29/2024, 9:25:19 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$480$11,500
2020$849$9,900
2018$849$7,300
2017$845$6,900

History based on county public records data.

Payment Calculator

$130

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$104

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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-3355743
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 0.68 miles

  • Public Charter Grades KG-5

school-card-donut-3355744
3
/10

  • Pleasantview Elementary School

  • 16501 Toepfer Dr

  • 0.98 miles

  • Public District Grades 3-5

school-card-donut-3355745
4
/10

  • Koepsell Education Center

  • 21760 Raven Ave

  • 1.59 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 $36,570. The majority of Detroit, MI residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16008 Fairmount Dr

What is the listing price of this property?

The listing price of 16008 Fairmount Dr property is $12,500.

What type of property is this?

The property 16008 Fairmount Dr is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Sale Pending: 16008 Fairmount Dr 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 $480 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 16008 Fairmount Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 16008 Fairmount Dr is 972 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16008 Fairmount Dr is 1942.

Rocket Homes›Michigan›Wayne County›Detroit›48205›16008 Fairmount Dr

This home is located at 16008 Fairmount Dr in Detroit, MI and zip code 48205 in the Regent Park neighborhood. This 972 square foot home, which was built in 1942, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $12,500.

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. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 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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