This delightful 3-bedroom, 1-bathroom bungalow offers the perfect blend of classic charm and income generation! Currently occupied by a reliable Section 8 tenant paying $1195 per month, this property provides immediate financial return while you own a charming piece of real estate. Property is one of five being listed: 11434 Laing, 20460 Appoline, 4249 Elmhurst, 17696 Woodbine
Property Details
Property Features
Property Information:
Architectural Style: Bungalow
Year Built: 1944
Stories: 1
Living Area: 1,000 SqFt
Listing Office:
Office Name: House of Realty LLC
Office Phone: (734) 526-3288
Listing Agent: Jonathan Golden
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 1
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: One Block west of Moross, Two blocks South of Kelly
Price Information
Listing Price Info
Price Summary:
List Price: $93,500
Price Per SqFt: $94/SqFt
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$534
Per Month
Principal & Interest
$467
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
$347
Powered By
Advertisement
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
1
/10
Chandler Park Academy - Elementary School
20200 Kelly Rd
Distance between this listing and this school1.10 miles
Public Charter Grades KG-5
1
/10
Marvin L. Winans Academy of Performing Arts Elementary School
9740 Mckinney St
Distance between this listing and this school1.28 miles
Public Charter Grades KG-5
1
/10
Tyrone Elementary School
19525 Tyrone St
Distance between this listing and this school1.59 miles
Public Magnet Grades 4-6
Nearby Schools
3
/10
Regent Park Scholars Charter Academy
15865 East Seven Mile Rd
Distance between this listing and this school0.40 miles
Public Charter Grades KG-8
1
/10
Chandler Park Academy - Middle School
20100 Kelly Rd
Distance between this listing and this school1.04 miles
Public Charter Grades 6-8
1
/10
Harper Woods Middle School
20225 Beaconsfield St
Distance between this listing and this school1.26 miles
Public Magnet Grades 7-8
Nearby Schools
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school0.41 miles
Public District Grades 9-12
1
/10
Harper Woods Virtual Academy
19344 Kelly Rd
Distance between this listing and this school0.45 miles
Public Magnet Grades 6-12
1
/10
Diploma Success Community School
19344 Kelly Rd
Distance between this listing and this school0.45 miles
The neighbors living near this home have an average income of $30,854. Residents of Detroit, MI typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 12717 Riad St
What is the listing price of this property?
The listing price of 12717 Riad St property is $93,500.
What type of property is this?
The property 12717 Riad St is a house located in Detroit, Michigan, 48224.
Is this property for sale now?
Active Listing: 12717 Riad St is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 12717 Riad St has 1 bedroom and 1 bathroom.
What is the square footage of this property?
The property 12717 Riad St is 1,000 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 12717 Riad St is 1944.
This home is located at 12717 Riad St in Detroit, MI and zip code 48224 in the Denby neighborhood. This 1,000 square foot home, which was built in 1944, sits on a 0.12 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $93,500.
In May 2024, from all listings sold in Detroit, MI there were more than 116 sold above asking price, over 246 sold below and more than 71 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 9.9% between April 2024 and May 2024. Listings spent 49 days on the market in May 2024, and had a median list price of $82,639 during the same period.
From Rocket Homes Real Estate and based on county public records data.