16241 Cherrylawn Street
Detroit, MI 48221
Single Family Residence · MLS # 20261091104 · Listing courtesy of U.S. Investor Group
About this home
GORGEOUS UPDATED COLONIAL** 2500+ Square Feet offered at an amazing price. **4 large bedrooms, one full bath, two half baths, and a finished basement. This one has all the bells and whistles--open floorplan, massive living room with fireplace, dedicated dining room, main floor office and is laid out to allow privacy for the entire family. Check out the gourmet EAT-IN KITCHEN with plenty of room for a kitchen table, new cabinets, stunning quartz countertops and luxury vinyl flooring. Entry level has a convenient half bath, recessed and designer lighting. Stunning restored natural hardwood flooring on the main level and new carpet above. The bedrooms in this home are MASSIVE, including a primary bedroom with dual closets. Upper main bathroom offers BOTH a stand-up shower and a relaxing Jacuzzi tub. Third floor has an additional 24x24 bedroom with knotty pine wood and built in shelving. New paint, electric, mechanicals, and much more. Nice sized lot with a deep fenced yard. Prestigious location, just one block from Marygrove Conservatory and its accompanying schools. Thriving community of trendsetters, entrepreneurs and those seeking a life of style and convenience. Close to restaurants, shops, and major thoroughfares. Come check out this great home in a thriving community. Schedule your private tour 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 $199,000, or $56 per square foot, 21% below the city median, and has been on the market 1 day. 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 $10,273 a year. A buyer who lives here would pay about $3,968 to $6,450 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
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 8:18 PM.