3814 Montgomery Street, Detroit City, MI 48206
HOLDEN & MURRAYS 2ND SUB · Wayne County
Key Facts
Description
Attention investors, check out this latest offering from the Detroit Land Bank Authority. Welcome to an incredible investment opportunity in the Petoskey-Otsego neighborhood with 3 bedrooms, 1 bathroom, and over 1,400 sq. ft. of living space. Property requires a full renovation, offering investors a chance to restore a classic Detroit home. Spacious layout with original character still intact. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. Located minutes from Downtown Detroit, this home sits on a spacious lot with strong neighborhood potential. Recent sales of renovated homes in the area suggest an ARV in the $215k+ range, depending on finishes and scope of work.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
CapeCod
Year Built
1915
Living Area
1,495 sq ft
Lot Size
0.13 acres
Lot Dimensions
52.5X107
Days on Market
48
MLS® Listing#
20261037253
Property Features
Cooling
Heating
Basement
Pool
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Rooms
- 7 X 4
- 7 X 4Basement
- Bedroom10 X 10
- Bedroom10 X 10Second
- Bedroom10 X 10Second
- Dining Room11 X 10
- Master Bathroom11 X 10Second
Financial Details
HOA
None
Annual Taxes
$2,181
Assessed Value
$12,500
Parcel Number
W14I002647S
Directions
W DEXTER E W GRAND BLVD
Affordability Calculator
$5,000
Estimated monthly payment
$133/mo
Principal $19,999 · Est. interest $27,901 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Detroit City, MI
- $231,966
- Median Listing Price
- 55
- Median Days on Market
- 1,491
- Median Sq Ft
- $136
- Median Price / Sq Ft
- 14,074
- Active Listings
- This home’s price is 89% below the area median.
- Its price per sq ft is 88% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Detroit City, MI.
Location
- 3814 Montgomery Street, Detroit City, MI 48206
Points of Interest in Detroit City, MI
Showing the Detroit City area map.
Nearby Schools
Allen Academy
School · 0.3 mi away
Jamieson Elementary School
Elementary · 0.5 mi away
Sampson-Webber Leadership Academy
School · 0.6 mi away
Northwestern High School
Secondary · 0.6 mi away
Mosque-El Hagg School
School · 0.7 mi away
Brady Elementary School
Elementary · 0.8 mi away
Thirkell Elementary-Middle School
Elementary · 1.0 mi away
McMichael Middle School
School · 1.0 mi away
Keidan Special Education Center
Elementary · 1.1 mi away
McKerrow School
School · 1.3 mi away
Hutchins Middle School
School · 1.4 mi away
Durfee Elementary Middle School
Elementary · 1.5 mi away
Central High School
Secondary · 1.6 mi away
George Crockett Academy
School · 1.6 mi away
Hope Academy
School · 1.7 mi away
Frederick Douglass Academy for Young Men
School · 1.8 mi away
Murray Wright High School
Secondary · 1.8 mi away
Hope of Detroit Academy Middle/High School
Secondary · 1.8 mi away
Hope of Detroit Academy
School · 1.8 mi away
Southwest Detroit Community School
School · 1.8 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 79 Clark Street, Battle Creek City, MI | $17,900 | 4 | 3 | 1,962 |
| 3250 Douglass Street, Saginaw City, MI | $17,900 | 3 | 1 | 936 |
| 14298 Chelsea Street, Detroit City, MI | $17,900 | 4 | 2 | 1,287 |
| 2515 Ash Street, Detroit City, MI | $18,000 | 3 | 2 | 2,200 |
| 20251 Chapel Street, Detroit City, MI | $18,000 | 3 | 1 | 922 |
| 150 Beresford Street, Highland Park City, MI | $18,000 | 3 | 2 | 1,292 |
Moving Cost Estimate
EXIT Agents in Detroit City
Listing Courtesy: RE/MAX Leading Edge - 3132777777
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