7801 Montrose Street

About this home

This occupied home is ready for its next owner! Featuring two main-floor bedrooms and an upstairs room with potential for a third bedroom, subject to completion of the rear exterior staircase and verification of applicable requirements by the buyer. A spacious kitchen adjoins the dining and living areas. Updates include a newer high-efficiency furnace, central air, and a newer hot water heater. Per seller, the sewer line was replaced. A large unfinished basement and attached rear storage area provide ample storage space. The larger lot features privacy fencing, while the two-car garage includes a substantial loft above. Per seller, the neighboring lot may be available for purchase through the City of Detroit; buyer to verify availability, eligibility, and terms. This home needs TLC, with the rear exterior staircase and other improvements to be completed by the next owner. Extra storage off the back side of home approx. 96sq'

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 $84,900, or $70 per square foot, about the same as 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 $2,397 a year. A buyer who lives here would pay about $985 to $2,752 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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