Sold
12893 Payton Street, Detroit, MI 48224
Sold on 05/07/2026 for$75,000
MLS # 20261021941 (Realcomp)
3 beds1 bath1,020 sqftBuilt 19430.11 acres
1 / 14
Listing Description
Investment Opportunity! Already professionally property-managed. This is your chance to own this tenant occupied 3 bedroom bungalow located minutes from Harper Woods, St., I-94, 8 Mile, Mack Ave. & St. John Hospital. Current tenant pays $1,050/mo with majority of rental payment Section8 paid. Lease thru 11/30/2026. Pictures features are prior to tenant move-in. BATVAI. Due to tenants schedule, no showings will be allowed prior to Accepted Offer. Seller also selling 5900 Cadieux Detroit, tenant occupied. Package deal offers welcomed. DO NOT APPROACH TENANTS WITHOUT APPROVED SHOWING. Please contact listing agent, Jessica Garner, with any questions comments or concerns.
Source: SparkMLS
About this home
Located in Denby in Detroit, this property offers 3-bedroom, 1-bath, 1,020 sq ft, with original construction dating to 1943.
Closed at $75,000 (about $74/sq ft).
Property tax estimate: $2,118 per year ($177/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,020 sqft
Lot Size0.11 acres
Year Built1943
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/13/2026
Sold Date5/6/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,577
Tax Year2025
State Equalized Value$33,000
Assessed Value$33,000
Parcel #21057508.001
Source: Public Records
Legal Description
W PAYTON 1075 PARK DRIVE SUB NO 4 L54 P11 PLATS, W C R 21/886 42 X 115
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jessica Garner
@properties Christie's Int'l R.E. Royal Oak
Frequently Asked Questions about 12893 Payton Street, Detroit, MI 48224
Which school district serves 12893 Payton Street, Detroit, MI 48224?
Per MLS# 20261021941, 12893 Payton Street, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261021941, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 12893 Payton Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $3,178. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 12893 Payton Street, Detroit, MI 48224 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 12893 Payton Street, Detroit, MI 48224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 12893 Payton Street, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$2,118
Monthly$177
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$682
Principal & interest$506
Property taxes$177
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
12893 Payton Street, Detroit, MI 48224
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Neighborhood
Denby
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Community
Detroit
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County
Wayne County
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