2456 S Electric Street

About this home

Bring your vision to life with this spacious property offering plenty of potential and room to make it your own! Whether you’re an investor searching for your next project or a homeowner looking to create a space tailored to your style, this property presents an exciting opportunity. Ideally situated near major highways, schools, parks, and shopping, you’ll enjoy convenient access to everyday essentials and surrounding amenities. Don’t miss the opportunity to explore the possibilities. Schedule your private showing today! Purchaser to pay 395 processing fee. As-is sale. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 95,000 PURCHASE PRICE, 30,000 DOWN PAYMENT, 8% INTEREST, 96 MONTH TERM. 919 / MONTH. seller financing/land contract terms are negotiable.

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 $69,900, or $69 per square foot, 3% below 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 $571 a year. A buyer who lives here would pay about $320 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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