16566 Stoepel Street, Detroit, Michigan 48221

$10,000

Great Deal - This property is priced $151,196 below comparable homes in the area.

Property Details

MLS#: 20251060706
Bedrooms: 3
Bathrooms: 2
Square Feet: 1,596
Price per Sqft: $6
Lot Size: 0.1 acres
Year Built: 1927
Property Type: Residential
Status: Active
Days on Market: 62

Market Analysis

Estimated Value (CMA): $161,196
Area Avg Price/Sqft: $101
This Property: $6/sqft ($95 below area average)
Price Position: -94.0% vs comparable homes
Comparable Properties Analyzed: 4

Description

Great investment. DLBA-owned 3-bedroom, 1.5-bath residential property located in the Fitzgerald/Marygrove neighborhood. Sale is subject to approval by the Detroit Land Bank Authority (DLBA) and execution of a DLBA Renovation/Development Agreement. Purchaser must submit a complete proposal to DLBA, including intended use and renovation timeline, proof of funds, scope of work with cost breakdown, and documentation of prior renovation projects (addresses and photos). The DLBA recommends reviewing all applicable Neighborhood Framework Plans through the City of Detroit Planning and Development Department for additional neighborhood context. DLBA retains the right to tax recapture for five (5) years following transfer of ownership. This may be incompatible with certain tax abatements or lot combinations. Waiver requests will be reviewed on a case-by-case basis and may require payment in lieu of taxes, subject to review of development pro forma and financing.

Location

This property is located in Detroit, Michigan. Detroit is part of the Metro Detroit area, offering convenient access to employment, schools, shopping, and recreation.

Frequently Asked Questions

What is the price of 16566 Stoepel Street?

16566 Stoepel Street is listed at $10,000, or $6 per square foot.

How many bedrooms does 16566 Stoepel Street have?

This property has 3 bedrooms and 2 bathrooms, with 1,596 square feet of living space.

Schedule a Showing

Interested in this property? Contact Sonic Realty to schedule a private showing. Our experienced agents can help you navigate the home buying process.

Phone: (313) 466-2430

Email: info@sonicrealty.com

Similar Homes for Sale in Detroit

15493 SAN JUAN Drive, Detroit — $10,000 · 3bd · 1ba · 1,344sqft
3740 ROCHESTER Street, Detroit — $10,000 · 4ba · 4,030sqft
14445 7 Mile Road, Detroit — $10,000 · 3bd · 1ba · 1,779sqft
6215 Field Street, Detroit — $10,000 · 3bd · 1ba · 1,229sqft
8773 PETOSKEY Avenue, Detroit — $10,000 · 4ba · 3,584sqft
9259 HOLMUR Street, Detroit — $10,000 · 1bd · 1ba · 808sqft
6023 COOPER Street, Detroit — $9,900 · 4bd · 1ba · 1,652sqft
4331 ALLENDALE Street, Detroit — $9,900 · 2ba · 2,196sqft