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16241 Cherrylawn St, Detroit, MI, 48221

$120,000

Home List Price

$1,425*

Closing Credit

4 Bedrooms
1 Full Bath, 2 Partial
1,966 SqFt
$61/SqFt
House
Schools Nearby

Location

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16241 Cherrylawn St, Detroit$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1929
HeatingNatural Gas, Radiant
BasementYes
MLS #20240018930
Lot Size0.10 Acres
StatusActive

About 16241 Cherrylawn St

Calling All Investors! Don't miss this extraordinary opportunity to own a slice of prestige in the coveted Fitzgerald Marygrove area! Nestled within this distinguished neighborhood, awaits a spacious 4-bedroom, 1 full bath, and 2 half-bath home boasting over 1900 sqft. of potential. This gem beckons those with a keen eye for investment, offering a canvas ripe for transformation. While it may require some TLC, envision the possibilities to revitalize and reimagine this residence into a true masterpiece. Step inside and be greeted by generous living spaces, each room presenting an opportunity for creativity and customization. The layout effortlessly blends functionality with charm, providing ample room for relaxation and entertainment. With its prime location in the esteemed Fitzgerald Marygrove area, enjoy the convenience of nearby amenities, renowned schools, and easy access to major thoroughfares. Embrace the chance to become a part of this thriving community, where prestige meets potential. Seize this rare chance to breathe new life into a property poised for greatness. Whether you're a seasoned investor or a visionary homeowner, this is your invitation to unlock the endless possibilities. Act swiftly, as opportunities like this are fleeting! Schedule your showing today and let your imagination take flight.

Property Details

Property Features

Property Information:

  • Architectural Style: Tudor
  • Year Built: 1929
  • Stories: 3
  • Living Area: 1,966 SqFt

Listing Office:

  • Office Name: KW Domain
  • Office Phone: (248) 590-0800
  • Listing Agent: Brittany Fulton

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant

Other

Directions Information:

  • Directions: East of Wyoming and North of Puritan.

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $61/SqFt

Tax Information:

  • Annual Amount: $1,637
  • 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

16241 Cherrylawn St vs Detroit

31 DAYS ON ROCKET

-18 Days

$120,000

+$39.8K More

$61/SqFt

-$9 Less

KEY TAKEAWAY

This property is $39.8K more than the Median Sold Price and $9/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: #20240018930

Listing Office:

  • Office Name: KW Domain
  • Office Phone: (248) 590-0800
  • Listing Agent: Brittany Fulton

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, 3:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 02, 2013Home Sold
$18,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,637$23,900
2020$1,069$20,600
2018$1,069$13,300
2017$1,068$11,900

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-3182889
5
/10

  • Rutherford Winans Academy

  • 16411 Curtis St

  • 2.89 miles

  • Public Charter Grades PK-5

school-card-donut-3182890
2
/10

  • Einstein Elementary School

  • 14001 Northend Ave

  • 3.21 miles

  • Public District Grades PK-6

school-card-donut-3182891
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 3.63 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 $31,915. Residents of Detroit, MI typically earn less than $35k each year. 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 16241 Cherrylawn St

What is the listing price of this property?

The listing price of 16241 Cherrylawn St property is $120,000.

What type of property is this?

The property 16241 Cherrylawn St is a house located in Detroit, Michigan, 48221.

Is this property for sale now?

Active Listing: 16241 Cherrylawn St 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 $1,637 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 2, 2013 for $18,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 16241 Cherrylawn St has 4 bedrooms and 1 full and 2 half bathrooms.

What is the square footage of this property?

The property 16241 Cherrylawn St is 1,966 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16241 Cherrylawn St is 1929.

Rocket Homes›Michigan›Wayne County›Detroit›48221›16241 Cherrylawn St

This home is located at 16241 Cherrylawn St in Detroit, MI and zip code 48221 in the Fitzgerald neighborhood. This 1,966 square foot home, which was built in 1929, sits on a 0.10 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 29, 2024 and is currently priced at $120,000.

Detroit, MI housing market in March 2024 saw over 94 listings sold above listed price, more than 74 sold at listed price and over 224 sold below. 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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