16111 Gilchrist Street
Detroit, MI 48235
Single Family Residence · MLS # 20261090945 · Listing courtesy of U.S. Investor Group
About this home
**HOMEOWNERS** Here is a beautifully updated 3-bed, 1-bath brick bungalow. Featuring new paint, flooring, kitchen, electrical, plumbing, and mechanicals. The home also features a new roof and an updated exterior, giving it wonderful curb appeal and lasting peace of mind. Located in one of Detroit's most popular zip codes, 48235. Within walking distance of Detroit Renaissance High School. You can own this home with a monthly mortgage payment equal to or less than market rent!! Would also make an excellent rental: Rental estimates are approximately1300 per month. Schedule a showing today.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,207 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 $105,000, or $87 per square foot, 23% 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 $3,555 a year. A buyer who lives here would pay about $2,762 to $3,403 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
Similar homes in Detroit
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