Sold
15486 FAIRMOUNT Drive, Detroit, MI 48205
Sold on 04/08/2026 for$62,000
MLS # 20261009574 (Realcomp)
3 beds1 bath1,020 sqftBuilt 19520.1 acres
1 / 23
Listing Description
REDUCED**HOMEOWNER SPECIAL** Affordable Regent Park Stunner located on a beautiful block. This Immaculate brick bungalow features 3 beds/1 bath detached garage. Home is updated throughout with wood flooring, newer paint and carpet. Spacious eat in kitchen with newer cabinets and granite. Upper bedroom is huge and private. Full basement for storage. Property has a 3D roof, detached garage and fenced yard. Terrific opportunity to own a quality home for less than market value. Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!
Source: SparkMLS
About this home
Located in Burbank in Detroit, this property offers 3-bedroom, 1-bath, 1,020 sq ft, with original construction dating to 1952.
Final sale price: $62,000 (about $61/sq ft).
Estimated annual property tax: $2,131, or about $178 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 Area1,020 sqft
Lot Size0.1 acres
Year Built1952
Stories2
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/15/2026
Sold Date4/7/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,073
Tax Year2025
State Equalized Value$33,200
Assessed Value$33,200
Parcel #21025179.
Source: Public Records
Legal Description
S FAIRMOUNT DR 999 DRENNAN & SELDONS REGENT PARK SUB NO 1 L55 P88 PLATS, WCR 21/905 35 X 123
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Zena Berri
U.S. Investor Group
Frequently Asked Questions about 15486 FAIRMOUNT Drive, Detroit, MI 48205
Which school district serves 15486 FAIRMOUNT Drive, Detroit, MI 48205?
Per MLS# 20261009574, 15486 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 financing options are available for 15486 FAIRMOUNT Drive, Detroit, MI 48205?
Per MLS# 20261009574, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 15486 FAIRMOUNT Drive, Detroit, MI 48205?
Per public tax records, annual property taxes for this property are $1,997. 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, 15486 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 15486 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 15486 FAIRMOUNT Drive, Detroit, MI 48205. 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 15486 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$2,131
Monthly$178
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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%
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Monthly payment$632
Principal & interest$454
Property taxes$178
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
75 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
15486 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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