4 months on rocket

16501 Fairmount Dr, Detroit, MI, 48205

$59,990

Home List Price

$712*

Closing Credit

3 Bedrooms
1 Full Bath
931 SqFt
$64/SqFt
House
Schools Nearby

Location

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16501 Fairmount Dr, Detroit$59,990

Buyer Closing Credits

$712*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1951
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230102506
Lot Size0.12 Acres
StatusActive

About 16501 Fairmount Dr

Investor Special! This 3 bdrm Bungalow is located developing locations near kelly and 8 mile. Minor repairs to get it section 8 ready! Great potential to add to your rental portfolio!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1951
  • Stories: 1
  • Living Area: 931 SqFt

Listing Office:

  • Office Name: Zest Realty LLC
  • Office Phone: (248) 270-8238
  • Listing Agent: David Sierra

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: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: NORTH OF STATE FAIR / / WEST OF KELLY

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,990
  • Price Per SqFt: $64/SqFt

Tax Information:

  • Annual Amount: $606
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

16501 Fairmount Dr vs Detroit

149 DAYS ON ROCKET

+104 Days

$59,990

-$21K Less

$64/SqFt

-$7 Less

KEY TAKEAWAY

This property is $21K less than the Median Sold Price and $7/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: #20230102506

Listing Office:

  • Office Name: Zest Realty LLC
  • Office Phone: (248) 270-8238
  • Listing Agent: David Sierra

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: 5/4/2024, 6:20:36 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 24, 2017Home Sold
$46,000
Jul 25, 2014Home Sold
$39,000
Jun 04, 2014Home Sold
$388,500
Oct 20, 2008Home Sold
$82,887

Tax History

YEARPROP. TAXASSESSMENT
2021$606$14,000
2020$1,061$12,100
2018$1,061$9,500
2017$1,001$9,000

History based on county public records data.

Payment Calculator

$367

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-6084862
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 0.35 miles

  • Public Charter Grades KG-5

school-card-donut-6084863
3
/10

  • Pleasantview Elementary School

  • 16501 Toepfer Dr

  • 0.91 miles

  • Public District Grades 3-5

school-card-donut-6084864
4
/10

  • Koepsell Education Center

  • 21760 Raven Ave

  • 1.29 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 $52,525. Residents of Detroit, MI typically earn between $35k-100k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 16501 Fairmount Dr

What is the listing price of this property?

The listing price of 16501 Fairmount Dr property is $59,990.

What type of property is this?

The property 16501 Fairmount Dr is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 16501 Fairmount Dr 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 $606 (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 24, 2017 for $46,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 16501 Fairmount Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 16501 Fairmount Dr is 931 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 16501 Fairmount Dr is 1951.

Rocket Homes›Michigan›Wayne County›Detroit›48205›16501 Fairmount Dr

This home is located at 16501 Fairmount Dr in Detroit, MI and zip code 48205 in the Regent Park neighborhood. This 931 square foot home, which was built in 1951, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 07, 2023 and is currently priced at $59,990.

While more than 94 listings in Detroit, MI in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 243 were sold below. Between March 2024 and April 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.7%. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $81,036.

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

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