CALLING ALL INVESTORS - TENANT OCCUPIED**** Newly renovated high performing single-family unit that will make the perfect addition to your current or new investment portfolio. Current tenant pays $1300 per month , low maintenance, always pays on time and hassle-free lease is thru 12/20/2024 CURRENT RENT COMPS IN THIS AREA ARE APPROX $1300- $1500 A MONTH WHICH GIVES THIS PROPERTY A GREAT ROI factoring in yearly expenses including taxes and insurance less than $3500 for the year. Property is located in a quiet and well-maintained neighborhood. Showings will be limited based on tenant availability.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1946
Stories: 1
Living Area: 1,071 SqFt
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Dominic Shaba
Interior Features
Interior Information:
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 3
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Baseboard
School Info
Assigned Schools Information:
Redford Union High School, Public District Grades 9-12
Hilbert Middle School, Public District Grades 6-8
Beech Elementary School, Public District Grades 2-5
Other
Directions Information:
Directions: SOUTH ON GLENMORE OFF SEVEN MILE RD.
Price Information
Listing Price Info
Price Summary:
List Price: $159,900
Price Per SqFt: $149/SqFt
Tax Information:
Annual Amount: $1,895
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Redford, MI.
This property is $5.1K less than the Median Sold Price and $6/SqFt more than other homes in Redford, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240022791
Listing Office:
Office Name: EXP Realty LLC
Office Phone: (888) 501-7085
Listing Agent: Dominic Shaba
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$866
Per Month
Principal & Interest
$799
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$546
Powered By
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.
Elementary School
3
/10
Beech Elementary School
19990 Beech Daly Rd
Distance between this listing and this school0.81 miles
Public District Grades 2-5
Middle School
3
/10
Hilbert Middle School
26440 Puritan
Distance between this listing and this school1.22 miles
Public District Grades 6-8
High School
2
/10
Redford Union High School
17711 Kinloch
Distance between this listing and this school0.47 miles
Public District Grades 9-12
Assigned Schools
3
/10
Beech Elementary School
19990 Beech Daly Rd
Distance between this listing and this school0.81 miles
Public District Grades 2-5
Nearby Schools
5
/10
American Montessori Academy Upper Elementary School
17175 Olympia
Distance between this listing and this school0.62 miles
Public Charter Grades 3-6
4
/10
Botsford Elementary School
19515 Lathers St
Distance between this listing and this school1.64 miles
Public District Grades PK-5
Assigned Schools
3
/10
Hilbert Middle School
26440 Puritan
Distance between this listing and this school1.22 miles
Public District Grades 6-8
Nearby Schools
4
/10
Weston Preparatory Academy
22930 Chippewa St
Distance between this listing and this school1.64 miles
Public Charter Grades KG-8
6
/10
Macarthur K-8 University Academy
24501 Fredrick St
Distance between this listing and this school1.75 miles
Public Magnet Grades KG-8
Assigned Schools
2
/10
Redford Union High School
17711 Kinloch
Distance between this listing and this school0.47 miles
Public District Grades 9-12
Nearby Schools
4
/10
David Ellis Academy West
19800 Beech Daly Rd
Distance between this listing and this school0.73 miles
Public Charter Grades KG-12
4
/10
Cornerstone Health School
19900 Mcintyre St
Distance between this listing and this school1.87 miles
The neighbors living near this home have an average income of $49,817. Most Redford, MI residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
This home is located at 18474 Glenmore in Redford, MI and zip code 48240 in the Pine Ridge neighborhood. This 1,071 square foot home, which was built in 1946, sits on a 0.12 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $159,900.
In April 2024, from all listings sold in Redford, MI there were more than 40 sold above asking price, over 20 sold below and more than 19 were sold right at the asked price. The number of homes for sale in Redford, MI increased by 3.9% between March 2024 and April 2024. In April 2024 median list price was $165,000 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.