16565 Steel Street

About this home

**WELCOME TO 16565 STEEL STREET, DETROIT, MI!**THIS PROPERTY OFFERS A WONDERFUL OPPORTUNITY FOR HOMEOWNERS AND INVESTORS ALIKE, FEATURING OVER 1,200 SQUARE FEET OF LIVING SPACE, A BASEMENT, AND A GARAGE**WHETHER YOU'RE A FIRST TIME HOMEBUYER SEARCHING FOR A PLACE TO CALL YOUR OWN, AN INVESTOR LOOKING FOR YOUR NEXT PROJECT, OR SOMEONE READY TO ADD THEIR PERSONAL TOUCH, THIS PROPERTY HAS PLENTY OF POTENTIAL!**STEP INSIDE AND DISCOVER THE POSSIBILITIES THAT COME WITH A SPACIOUS LAYOUT AND ROOM TO MAKE THIS HOME YOUR OWN**THERE IS AMPLE OPPORTUNITY TO CREATE COMFORTABLE LIVING SPACES, PERSONALIZE THE INTERIOR, AND BRING YOUR VISION TO LIFE**THE ADDITIONAL BASEMENT PROVIDES VALUABLE EXTRA SPACE WITH POSSIBILITIES FOR STORAGE, RECREATION, HOBBIES, OR OTHER USES TO SUIT YOUR NEEDS**THE PROPERTY ALSO INCLUDES A GARAGE, OFFERING ADDED CONVENIENCE AND VALUABLE SPACE FOR PARKING, STORAGE, OR KEEPING YOUR VEHICLE PROTECTED FROM THE ELEMENTS**HAVING BOTH A BASEMENT AND GARAGE ADDS VERSATILITY AND FUNCTIONALITY THAT MANY BUYERS APPRECIATE**CONVENIENTLY LOCATED IN DETROIT, THIS PROPERTY PROVIDES ACCESS TO SURROUNDING NEIGHBORHOOD AMENITIES, SHOPPING, DINING, SCHOOLS, AND MAJOR ROADWAYS**ENJOY THE CONVENIENCE OF CITY LIVING WHILE TAKING ADVANTAGE OF EVERYTHING THE SURROUNDING AREA HAS TO OFFER**FOR INVESTORS, THIS PROPERTY PRESENTS AN OPPORTUNITY TO ADD VALUE THROUGH IMPROVEMENTS AND POTENTIALLY EXPAND YOUR REAL ESTATE PORTFOLIO**THIS HOME ALSO FEATURES A NEW ROOF, FOR ADDED PEACE OF MIND FOR ITS FUTURE OWNERS**FOR OWNER OCCUPANTS, IT OFFERS THE CHANCE TO CREATE A HOME THAT REFLECTS YOUR PERSONAL STYLE WHILE BUILDING TOWARD YOUR FUTURE**WITH OVER 1,200 SQUARE FEET, A BASEMENT, AND A GARAGE, 16565 STEEL STREET OFFERS SEVERAL DESIRABLE FEATURES AND AN OPPORTUNITY TO MAKE THE MOST OF YOUR INVESTMENT**

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 $120,000, or $68 per square foot, 4% 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 $2,191 a year. A buyer who lives here would pay about $1,001 to $3,890 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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