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$557,388
Est. $2,233/mo savings
-- Bed4 Baths3,634 Sqft

1250 W 7 Mile Rd, Detroit, MI, 48203

Overview

This Single Family Residence is located at 1250 W 7 Mile Rd, Detroit, MI. The estimated value of this home is currently priced at 557,388, approximately $153.38 per square foot. This property was originally built in 1956. 1250 W 7 Mile Rd is within the school district Education Achievement Authority with nearby schools including Palmer Park Prepatory Academy, Palmer Park Prepatory Academy, and Mumford High School.

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1250 W 7 Mile Rd
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Currently Viewing This Home
Est: $557,388
$153/Sqft
-- Bedrooms
4 Bathrooms
3634 Sqft
13939 Acre(s)
Built 1956
$569,000
$127/Sqft
4 Bedrooms
4 Bathrooms
4464 Sqft
0.38 Acre(s)
Built 1939
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House For Sale

This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers can be submitted for consideration. Offers can be submitted through the official Listing Agent but in some cases, no agent is listed and offers can be submitted the bank owner directly.

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House For Sale

This is a Michigan Land Bank Fast Track Authority property. The Land Bank promotes economic growth through the acquisition and disposal of public property, including tax reverted property. You may be able to buy this property at drastically less than the estimated value.Please note that the estimated value in our description is 50% of the most recent independent assessment. The actual value of the property, and the amount you buy the property for, may be substantially different.This home may need TLC or it may currently be a vacant lot where you can build your own new home. When a property is identified an offer can be made to purchase it by simply going to the Land Bank website and clicking on the "Apply" button and following the instructions provided. If you have any questions regarding the purchase of property please contact the Land Bank at (517) 335-8212.~This property is Real Estate Owned, or REO. The property was foreclosed and repossessed by a lender when the owner failed to make payments. A bank is now the owner. Since banks are not in business to own homes, they are usually interested in selling foreclosed homes quickly at attractive low prices. A list price is published but reasonable offers can be submitted for consideration. Offers can be submitted through the official Listing Agent but in some cases, no agent is listed and offers can be submitted the bank owner directly.

How To Finance

As a homebuyer, there are quite a few financing options to consider. Our interactive guide can help find which is right for you, and guide you through the paperwork.

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Home Values in Detroit, MI

There are currently 10 properties with a median home value on W 7 Mile Rd of $459,700, $97,688 less than this home. The median list price per square foot on W 7 Mile Rd is $30, $50 more than this home. Of the total homes on W 7 Mile Rd, 99% are For Sale, 1% are For Rent, and 94% are Single Family Homes. Interested in knowing how much your home on W 7 Mile Rd is worth? The Homes.com Automated Valuation Model (AVM) provides an estimate of the home value of every on and off market property in the US.

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