12688 Memorial Street

About this home

Investor or first-time homebuyer opportunity at 12688 Memorial Street! Priced at $74,900, this 3-bedroom, 1-bath brick bungalow offers a spacious living area and strong value-add potential. The home features a functional layout, hardwood flooring in portions of the main level, an unfinished basement and a spacious yard. The property needs some repairs and cosmetic updating, allowing the next owner to renovate according to their plans. Conveniently located in Detroit’s Pearson Schoolcraft neighborhood with easy access to M-39, shopping, dining and everyday amenities. Buyer and buyer’s agent to verify property condition and all information. Seller is selling in AS-IS condition. Schedule your showing and bring your vision!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,208 homes sold in Detroit for a median of $99,900, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $74,900, or $76 per square foot, 7% above the city median, and has been on the market 7 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $2,320 a year. A buyer who lives here would pay about $1,665 to $2,428 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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