10 days on rocket

Sale Pending

8234 Penrod St, Detroit, MI, 48228

$5,000

Home List Price

$59*

Closing Credit

3 Bedrooms
1 Full Bath
687 SqFt
$7/SqFt
House
Schools Nearby

Location

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8234 Penrod St, Detroit$5,000

Buyer Closing Credits

$59*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1942
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240024335
Lot Size0.13 Acres
StatusSale Pending
(Pending)

About 8234 Penrod St

Great Investment Opportunity Waiting for You! 4 Homes for the Price of One! Sale Includes 8219 Rosemont, 8234 Penrod, 7846 Greenview and 8047 Greenview Totaling $20,000. Homes will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. POF documentation MUST be presented with proposal ( not just stated in the proposal), development timelines and offer amounts MUST be included in the proposals. Renovation experience whether DLBA or not, MUST include addresses and BEFORE/AFTER photos. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1942
  • Stories: 1
  • Living Area: 687 SqFt

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: N. of Tireman, W. of Southfield FWY

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,000
  • Price Per SqFt: $7/SqFt
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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

8234 Penrod St vs Detroit

10 DAYS ON ROCKET

-39 Days

$5,000

-$75.1K Less

$7/SqFt

-$63 Less

KEY TAKEAWAY

This property is $75.1K less than the Median Sold Price and $63/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: #20240024335

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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, 4:25:19 PM 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 - -

History based on county public records data.

Payment Calculator

$92

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$81

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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-2393825
5
/10

  • Detroit Innovation Academy

  • 18211 Plymouth Rd

  • 1.21 miles

  • Public Charter Grades KG-6

school-card-donut-2393826
7
/10

  • Maples Elementary School

  • 6801 Mead St

  • 1.67 miles

  • Public District Grades PK-5

school-card-donut-2393827
6
/10

  • Oakman Elementary School

  • 7545 Chase Rd

  • 1.72 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,138. Residents of Detroit, MI typically earn less than $35k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8234 Penrod St

What is the listing price of this property?

The listing price of 8234 Penrod St property is $5,000.

What type of property is this?

The property 8234 Penrod St is a house located in Detroit, Michigan, 48228.

Is this property for sale now?

Sale Pending: 8234 Penrod St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

How many bedrooms and bathrooms does this property have?

The property at 8234 Penrod St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 8234 Penrod St is 687 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8234 Penrod St is 1942.

Rocket Homes›Michigan›Wayne County›Detroit›48228›8234 Penrod St

This home is located at 8234 Penrod St in Detroit, MI and zip code 48228 in the West Central neighborhood. This 687 square foot home, which was built in 1942, sits on a 0.13 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $5,000.

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. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 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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