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4640 Balfour Rd, Detroit, MI, 48224

$64,900

Home List Price

$771*

Closing Credit

4 Bedrooms
2 Full Baths
2,458 SqFt
$26/SqFt
House
Schools Nearby

Location

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4640 Balfour Rd, Detroit$64,900

Buyer Closing Credits

$771*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1928
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240010049
Lot Size0.12 Acres
StatusAccepting Backup Offers

About 4640 Balfour Rd

Welcome to 4640 Balfour, a Cash Buyers Dream Property! This home has been completely gutted out, providing a blank canvas for your creative vision. The renovation process has begun, with some new framing, mechanicals and insulation. Whether you're looking to flip for a profit or hold for long-term rental income, this property offers endless possibilities including conversion into a multifamily. Some features include a spacious layout, a fireplace , a large backyard and basement with ample that could be finished to add even more living area. Priced to sell, this property won't last long on the market. Schedule your appointment today! All measurements are estimates and should be verified by the buyer.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1928
  • Stories: 2
  • Living Area: 2,458 SqFt

Listing Office:

  • Office Name: 4Houses Realty, LLC
  • Office Phone: (248) 387-9377
  • Listing Agent: Kaila C Ibura

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

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, Hot Water

Other

Directions Information:

  • Directions: S of Warren, W of Outer Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $64,900
  • Price Per SqFt: $26/SqFt

Tax Information:

  • Annual Amount: $3,726
  • 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

4640 Balfour Rd vs Detroit

68 DAYS ON ROCKET

+19 Days

$64,900

-$15.2K Less

$26/SqFt

-$44 Less

KEY TAKEAWAY

This property is $15.2K less than the Median Sold Price and $44/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: #20240010049

Listing Office:

  • Office Name: 4Houses Realty, LLC
  • Office Phone: (248) 387-9377
  • Listing Agent: Kaila C Ibura

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: 4/28/2024, 7:25:19 AM 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$3,726$29,300
2020$1,943$26,300
2018$1,943$19,700
2017$1,898$18,900

History based on county public records data.

Payment Calculator

$391

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-2030051
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-2030052
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.12 miles

  • Public Charter Grades KG-5

school-card-donut-2030053
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 1.40 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 $25,000. Typical income of Detroit, MI residents is 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 high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4640 Balfour Rd

What is the listing price of this property?

The listing price of 4640 Balfour Rd property is $64,900.

What type of property is this?

The property 4640 Balfour Rd is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Accepting Backup Offers: 4640 Balfour Rd 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 $3,726 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4640 Balfour Rd has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4640 Balfour Rd is 2,458 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4640 Balfour Rd is 1928.

Rocket Homes›Michigan›Wayne County›Detroit›48224›4640 Balfour Rd

This home is located at 4640 Balfour Rd in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,458 square foot home, which was built in 1928, sits on a 0.12 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 19, 2024 and is currently priced at $64,900.

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. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. In March 2024 median list price was $80,163 and the average listing age was 49 days.

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

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