8212 Penrod Street
Detroit, MI 48228
Single Family Residence · MLS # 20261089056 · Listing courtesy of EXP Realty Main
About this home
Great opportunity to own this 2-bedroom, 1-bath bungalow in an established neighborhood in Detroit. Conveniently located near major freeways, shopping, dining, and parks. Newer LVP flooring in kitchen, and newer engineered wood floor in one bedroom. Newer toilet and vanity. Furnace is only 10 years old. There are stairs to the second floor which has wood flooring, offering the potential to be renovated into a third bedroom. Property is occupied by a month-to-month tenant, and is being sold as-is, sight unseen, with no interior access. Please do not disturb the tenant. Buyer to verify all information.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,207 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 $32,900, or $48 per square foot, 32% 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 $1,115 a year. A buyer who lives here would pay about $686 to $1,066 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
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