224 Owen Street

About this home

**SUBJECT TO PROBATE APPROVAL** **MULTIPLE OFFERS RECEIVED HIGHEST AND BEST DUE 11/14 5PM**Great investment opportunity to get into a multi unit in Detroit's North End. Block and a half off Woodward. Home being sold as is, buyer to assume all city certs if any are needed. Full reno needed to unlock the massive potential this home provides. No utilities are on at the house so flashlight would be useful when showing.

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 $69,900, or $11 per square foot, 85% below the city median, and has been on the market 4 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 $2,048 a year. A buyer who lives here would pay about $528 to $2,266 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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