Sold
140 W MARGARET, Detroit, MI 48203
Sold on 10/22/2025 for$23,000
MLS # 20251021692 (Realcomp)
3 beds1 bath1,258 sqftBuilt 19230.09 acres
1 / 19
Listing Description
Calling all investors. This 3 bedroom colonial features fenced in Double lot, Newer Roof, newer vinyl siding, updated electrical, ceramic kitchen and bath, and HWD floors. Great Location: Woodward Corridor, 10 minutes from Downtown, Midtown, close proximity to Palmer Park, Detroit Golf Club, Ferndale and Livernois Avenue of Fashion. Near I-75. Currently occupied, (will be vacant by close) please do not approach tenants. No viewings without accepted offer.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,258 sq ft home built in 1923 sits in State Fair in Detroit.
Final sale price: $23,000 (about $18/sq ft).
Estimated annual property tax: $969, or about $81 monthly. 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. Broadband is available with download speeds up to 1,200 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,258 sqft
Lot Size0.09 acres
Year Built1923
Stories2
Location
CityDetroit
Zip Code48203
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionAluminum Siding, Brick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/28/2025
Sold Date10/21/2025
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$689
Tax Year2025
State Equalized Value$15,100
Assessed Value$15,100
Parcel #01005843.
Source: Public Records
Legal Description
N W MARGARET 121 GRIX HOME PARK L29 P52 PLATS, W C R 1/170 40 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Leonard A Pickett
RCH Brokerage Legacy Inc
Frequently Asked Questions about 140 W MARGARET, Detroit, MI 48203
Which school district serves 140 W MARGARET, Detroit, MI 48203?
Per MLS# 20251021692, 140 W MARGARET, Detroit, MI 48203 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 financing options are available for 140 W MARGARET, Detroit, MI 48203?
Per MLS# 20251021692, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 140 W MARGARET, Detroit, MI 48203?
Per public tax records, annual property taxes for this property are $575. 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, 140 W MARGARET, Detroit, MI 48203 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 140 W MARGARET, Detroit, MI 48203 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 140 W MARGARET, Detroit, MI 48203. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 140 W MARGARET, Detroit, MI 48203?
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.
Map
Tax Estimate
$
Annual tax$969
Monthly$81
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$294
Principal & interest$213
Property taxes$81
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
140 W MARGARET, Detroit, MI 48203
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Neighborhood
State Fair
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Community
Detroit
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County
Wayne County
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