12935 Payton St Detroit, MI 48224
Moross-Morang NeighborhoodEstimated payment $909/month
Highlights
- 1 Car Detached Garage
- Bungalow
- Forced Air Heating System
- Cass Technical High School Rated 10
About This Home
Calling all investors! Fully TURNKEY opportunity and a great addition to your investment portfolio! Rented, meeting all Section 8 standards, and a ROI of 12.03%. Property features a 3 bedroom 2 bathroom, Section 8 tenant on a yearly lease with a rent of $1,650/month. Seller has other similar properties for sale. Please submit your offer to ryeh@3dxrealestate.com with POF/Preapproval Letter. Seller and agent are related.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,118
Year Built
- Built in 1943
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 42.00 x 115.00
Parking
- 1 Car Detached Garage
Home Design
- Bungalow
- Brick Exterior Construction
Interior Spaces
- 1,030 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms | 2 Main Level Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Sink Near Laundry
- Washer and Gas Dryer Hookup
Basement
- Michigan Basement
- Laundry in Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,118 | $28,300 | $0 | $0 |
| 2024 | $2,118 | $24,800 | $0 | $0 |
| 2023 | $1,826 | $20,600 | $0 | $0 |
| 2022 | $1,290 | $17,100 | $0 | $0 |
| 2021 | $1,062 | $13,900 | $0 | $0 |
| 2020 | $1,062 | $12,900 | $0 | $0 |
| 2019 | $1,046 | $10,300 | $0 | $0 |
| 2018 | $925 | $8,900 | $0 | $0 |
| 2017 | $171 | $9,000 | $0 | $0 |
| 2016 | $1,305 | $16,700 | $0 | $0 |
| 2015 | $1,194 | $16,700 | $0 | $0 |
| 2013 | $2,314 | $23,136 | $0 | $0 |
| 2010 | -- | $33,920 | $1,324 | $32,596 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | Price Changed | $137,500 | -5.2% | $133 / Sq Ft |
| 07/15/2025 07/15/25 | For Sale | $145,000 | 0.0% | $141 / Sq Ft |
| 06/23/2025 06/23/25 | Pending | -- | -- | -- |
| 06/10/2025 06/10/25 | Price Changed | $145,000 | +10.7% | $141 / Sq Ft |
| 03/09/2025 03/09/25 | For Sale | $131,000 | +204.7% | $127 / Sq Ft |
| 06/06/2022 06/06/22 | Sold | $43,000 | -10.2% | $42 / Sq Ft |
| 05/11/2022 05/11/22 | Pending | -- | -- | -- |
| 04/11/2022 04/11/22 | Price Changed | $47,900 | -4.0% | $47 / Sq Ft |
| 03/19/2022 03/19/22 | Price Changed | $49,900 | -5.7% | $48 / Sq Ft |
| 08/24/2021 08/24/21 | Price Changed | $52,900 | -3.6% | $51 / Sq Ft |
| 06/22/2021 06/22/21 | For Sale | $54,900 | 0.0% | $53 / Sq Ft |
| 11/03/2014 11/03/14 | Rented | $800 | +14.3% | -- |
| 09/23/2014 09/23/14 | Under Contract | -- | -- | -- |
| 07/12/2014 07/12/14 | For Rent | $700 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $43,000 | Visionary Title Agency | |
| Warranty Deed | $21,000 | E Title Agency Inc | |
| Warranty Deed | -- | None Available | |
| Quit Claim Deed | $1,611 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $81,900 | Unknown |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25008595
APN: 21-057503
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