8611 Chalfonte Street, Detroit, Michigan 48238

$16,000

Great Deal - This property is priced $75,612 below comparable homes in the area.

Property Details

MLS#: 20251060518
Bedrooms: 3
Bathrooms: 1
Square Feet: 1,238
Price per Sqft: $13
Lot Size: 0.09 acres
Year Built: 1925
Property Type: Residential
Status: Active
Days on Market: 62

Market Analysis

Estimated Value (CMA): $91,612
Area Avg Price/Sqft: $74
This Property: $13/sqft ($61 below area average)
Price Position: -82.0% vs comparable homes
Comparable Properties Analyzed: 6

Description

DLBA-owned 3-bedroom, 1-bath residential property located in the Chalfonte neighborhood. Property is being sold together with one adjacent vacant lot, included in the total purchase price of $16,000. Adjacent lot address: 8601 Chalfonte, Detroit, MI . 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 8611 Chalfonte Street?

8611 Chalfonte Street is listed at $16,000, or $13 per square foot.

How many bedrooms does 8611 Chalfonte Street have?

This property has 3 bedrooms and 1 bathrooms, with 1,238 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

9359 Broadstreet Avenue, Detroit — $16,000 · 4ba · 5,198sqft
13982 Kentucky Street, Detroit — $15,999 · 2bd · 1ba · 1,080sqft
8618 Minock Street, Detroit — $15,900 · 3bd · 1ba · 822sqft
8315 Chalfonte Street, Detroit — $15,500 · 4bd · 1ba · 1,020sqft
16820 Santa Rosa Drive, Detroit — $15,500 · 3bd · 1ba · 1,224sqft
3758 ROCHESTER Street, Detroit — $16,500 · 4ba · 4,548sqft
19416 Lamont Street, Detroit — $15,500 · 3bd · 1ba · 1,065sqft
9722 YOSEMITE Street, Detroit — $15,500 · 3bd · 1ba · 833sqft