Investment opportunity near the Detroit / Grosse Pointe border. 3 bedroom bungalow with 2 car garage. Kitchen with stone countertops and eat in dining room. Upper level bedroom with wood paneling. Full basement. Property needs rehab. Cash buyers only. New owner to sign rehab agreement with Detroit Land Bank.
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1949
Stories: 1
Living Area: 960 SqFt
Listing Office:
Office Name: Clyde Realty LLC
Office Phone: (313) 974-1830
Listing Agent: Benjamin Ness
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: 2 spaces
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: From Windsor...N on Guilford
Price Information
Listing Price Info
Price Summary:
List Price: $57,000
Price Per SqFt: $59/SqFt
Tax Information:
Annual Amount: $1,882
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 Detroit, MI.
This property is $23.1K less than the Median Sold Price and $11/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: #20230102566
Listing Office:
Office Name: Clyde Realty LLC
Office Phone: (313) 974-1830
Listing Agent: Benjamin Ness
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.
$352
Per Month
Principal & Interest
$285
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
$237
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Lewis Marie Elementary School
740 Cadieux Rd
Distance between this listing and this school0.69 miles
Public District Grades KG-5
6
/10
Richard Elementary School
176 Mckinley Ave
Distance between this listing and this school0.94 miles
Public District Grades KG-5
8
/10
Kerby Elementary School
285 Kerby Rd
Distance between this listing and this school1.25 miles
Public District Grades KG-5
Nearby Schools
7
/10
Brownell Middle School
260 Chalfonte Ave
Distance between this listing and this school0.98 miles
Public District Grades 6-8
5
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school1.41 miles
Public District Grades 6-8
5
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school1.90 miles
Public Charter Grades KG-8
Nearby Schools
8
/10
Grosse Pointe South High School
11 Grosse Pointe Blvd
Distance between this listing and this school1.23 miles
Public District Grades 9-12
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school2.55 miles
Public District Grades 9-12
6
/10
Grosse Pointe North High School
707 Vernier Rd
Distance between this listing and this school3.07 miles
The neighbors living near this home have an average income of $23,492. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3981 Guilford St
What is the listing price of this property?
The listing price of 3981 Guilford St property is $57,000.
What type of property is this?
The property 3981 Guilford St is a house located in Detroit, Michigan, 48224.
Is this property for sale now?
Accepting Backup Offers: 3981 Guilford St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $1,882 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 3981 Guilford St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 3981 Guilford St is 960 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 3981 Guilford St is 1949.
This home is located at 3981 Guilford St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 960 square foot home, which was built in 1949, sits on a 0.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 08, 2023 and is currently priced at $57,000.
In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. While the average time on the market in March 2024 was 49 days, the median list price was $80,163.
From Rocket Homes Real Estate and based on county public records data.