1603 Balmoral Drive

About this home

Discover a distinctive living experience at 1603 Balmoral Dr. Detroit, MI, USA. This single-family residence, built in 1926, offers a remarkable opportunity to own a piece of history, thoughtfully updated for contemporary living. This property was remodeled to updated fixtures and appliances. This expansive home features 6 well-proportioned bedrooms and 5 1/2 bathrooms providing ample private space for family and guests alike. Includes a detached 4-car garage. Embrace the possibility of a new chapter; schedule your private viewing today.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Detroit

Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $1,000,000, or $172 per square foot, 142% above the city median, and has been on the market 2 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 $19,652 a year. A buyer who lives here would pay about $9,606 to $32,413 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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