15 days on rocket

1244 25th St, Detroit, MI, 48216

$225,000

Home List Price

$2,672*

Closing Credit

4 Bedrooms
2 Full Baths
2,286 SqFt
$98/SqFt
Multi
Schools Nearby

Location

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1244 25th St, Detroit$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1909
HeatingOther
BasementYes
MLS #50141425
Lot Size0.15 Acres
StatusActive

About 1244 25th St

Located in vibrant Southwest Detroit and within walking distance to some of the best restaurants, bakeries, and shops that Mexicantown has to offer! This Duplex is ready for renovations to make it a cashflow king. This home could also be reimagined for a great Airbnb opportunity (5 minutes to Downtown Detroit). The seller is also open to FHA 203k loans for owner occupants that can take advantage of living in one unit while renting out the other to offset living expenses. The possibilities are endless with this prime location property with beautiful views of the Ambassador bridge from the backyard. The backyard is fenced and also has a back alley for easy access and secured parking. Inside you will find tall ceilings, original hardwood floors, and 2 bedrooms 1 full bathroom per unit. ARV 380k. Ubicado en el vibrante Southwest Detroit y a poca distancia de algunos de los mejores restaurantes, panaderías y tiendas que Mexicantown tiene para ofrecer. ¡Este dúplex está listo para renovaciones para convertirlo en un rey del flujo de efectivo! Esta casa también podría ser reimaginada para una gran oportunidad de Airbnb (a 5 minutos del centro de Detroit). El vendedor también está abierto a préstamos FHA 203k para ocupantes propietarios que puedan aprovechar vivir en una unidad mientras alquilan la otra para compensar los gastos de vida. Las posibilidades son infinitas con esta propiedad de ubicación privilegiada con hermosas vistas del puente Ambassador desde el patio trasero. El patio trasero está cercado y también tiene un callejón trasero para un fácil acceso y estacionamiento seguro. En el interior, encontrarás techos altos, pisos de madera originales y 2 dormitorios y 1 baño completo por unidad. Valor después de reparaciones (ARV): 380k.

Property Details

Property Features

Property Information:

  • Year Built: 1909
  • Stories: 2
  • Living Area: 2,286 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Sotero Lopez II

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Other

School Info

School District Information:

  • School District: Detroit City School District

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $98/SqFt

Agent Commission:

  • Buyer's Agent Commission: 3%

Tax Information:

  • Annual Amount: $553
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

1244 25th St vs Detroit

15 DAYS ON ROCKET

-30 Days

$225,000

+$143.9K More

$98/SqFt

+$27 More

KEY TAKEAWAY

This property is $143.9K more than the Median Sold Price and $27/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50141425

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Sotero Lopez II

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/23/2024, 6:20:45 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$553$26,400
2020$988$24,900
2018$988$14,900
2017$984$13,500

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-721385
1
/10

  • Voyageur Academy

  • 4321 Military St

  • 2.04 miles

  • Public Charter Grades KG-4

school-card-donut-721386
1
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 2.19 miles

  • Public Charter Grades 3-5

school-card-donut-721387
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.96 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,941. Most Detroit, MI residents have annual incomes less than $35k. 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

Rocket Homes›Michigan›Wayne County›Detroit›48216›1244 25th St

This home is located at 1244 25th St in Detroit, MI and zip code 48216 in the Near West neighborhood. This 2,286 square foot home, which was built in 1909, sits on a 0.15 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 08, 2024 and is currently priced at $225,000.

While more than 94 listings in Detroit, MI in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 243 were sold below. The inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $81,036.

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

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