8427 Stout Avenue
Warren, MI 48093
Single Family Residence · MLS # 20261088437 · Listing courtesy of Berkshire Hathaway HomeServices Kee Realty Clinton
About this home
Bring your vision and finishing touches to this ranch located just north of I-696 near Van Dyke. This home offers a great opportunity for an investor, or experienced buyer looking for a property where many of the major improvements have already been completed. Recent updates include a new roof, new electrical, new porch, and more, taking care of several of the larger-ticket items. The home has also received cosmetic updates, including improvements to the kitchen and some to the bathroom and floors. Some renovation projects remain incomplete, giving the next owner the opportunity to finish the home to their own specifications and add value. Whether you're looking for your next flip, rental property, or renovation project, this property provides a solid head start with significant improvements already in place. Seller is motivated and looking for a serious buyer. Property is being sold as-is. Bring your contractor, your ideas, and your finishing touches to complete the transformation!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Warren
Over the last 90 days, 391 homes sold in Warren for a median of $220,000, about $122 per square foot, and the typical one went under contract in 13 days. This home is listed at $60,000, or $85 per square foot, 30% below the city median, and has been on the market 10 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Warren sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,270 a year. A buyer who lives here would pay about $1,275 to $1,886 a year once the taxable value resets after the sale, at the 2025 homestead rate of 62.25 mills for Warren City and Center Line 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 Warren
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