Sold
15429 Fairmount Drive, Detroit, MI 48205
Sold on 05/07/2026 for$70,000
MLS # 20261022975 (Realcomp)
3 beds2 baths1,865 sqftBuilt 19500.11 acres
1 / 24
Listing Description
Investment-ready opportunity: a solid 3-bedroom 2 bath brick bungalow that’s currently rented, offering immediate income for the right buyer. Located close to shopping, and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. *****Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions.*****All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information. Room sizes are estimated.
Source: SparkMLS
About this home
Located in Burbank in Detroit, this property offers 3-bedroom, 2-bath, 1,865 sq ft, with original construction dating to 1950.
This home sold for $70,000 (about $38/sq ft).
Property tax estimate: $2,465 per year ($205/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
Bathrooms2
Living Area1,865 sqft
Lot Size0.11 acres
Year Built1950
Stories2
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed4/8/2026
Sold Date5/6/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,129
Tax Year2025
State Equalized Value$38,400
Assessed Value$38,400
Parcel #21025417.
Source: Public Records
Legal Description
N FAIRMOUNT DR E 12 FT 981 W 28 FT 982 DRENNAN & SELDONS REGENT PARK SUB NO 1 L55 P88 PLATS, WCR 21/905 40 X 123
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James A Haidar
RE/MAX First
Frequently Asked Questions about 15429 Fairmount Drive, Detroit, MI 48205
Which school district serves 15429 Fairmount Drive, Detroit, MI 48205?
Per MLS# 20261022975, 15429 Fairmount Drive, Detroit, MI 48205 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# 20261022975, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 15429 Fairmount Drive, Detroit, MI 48205?
Per public tax records, annual property taxes for this property are $1,240. 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, 15429 Fairmount Drive, Detroit, MI 48205 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 15429 Fairmount Drive, Detroit, MI 48205 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 15429 Fairmount Drive, Detroit, MI 48205?
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$2,465
Monthly$205
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$659
Principal & interest$453
Property taxes$205
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
15429 Fairmount Drive, Detroit, MI 48205
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Neighborhood
Burbank
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Community
Detroit
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County
Wayne County
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