For Sale
16241 E State Fair Street, Detroit, MI 48205
$88,500
MLS # 20261026887 (Realcomp)
3 beds2 baths1,833 sqftBuilt 19470.1 acres
1 / 1
Listing Description
Well-positioned opportunity for investors or owner-occupants looking to add value. This home offers an additional half bath, providing added functionality . The finished basement presents potential for expanded living or recreational space. While updates are needed, the property offers a solid foundation for customization and long-term value. Conveniently located near major roads and amenities. Seller is motivated and willing to consider concessions with an acceptable offer. Property is being sold as-is.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,833 sq ft home built in 1947 sits in Burbank in Detroit.
Listed at $88,500 (about $48/sq ft).
Estimated annual property tax: $2,009, or about $167 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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,833 sqft
Lot Size0.1 acres
Year Built1947
Stories1
Location
CityDetroit
Zip Code48205
CountyWayne
School DistrictDetroit
Construction & Systems
BasementPartial
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed4/19/2026
Terms AcceptedCash, Conventional, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,193
Tax Year2025
State Equalized Value$31,300
Assessed Value$31,300
Homestead (PRE)100%
Parcel #21024613-4
Source: Public Records
Legal Description
N STATE FAIR E 274&273 AND S 10 FT OF VAC ALLEY ADJ RIDGEMONT MANOR SUB L55 P96 PLATS, W C R 21/904 40 X 110
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 Marketta Davis
MBC Real Estate Company
Frequently Asked Questions about 16241 E State Fair Street, Detroit, MI 48205
What school district is 16241 E State Fair Street, Detroit, MI 48205 in?
Per MLS# 20261026887, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261026887, the seller has indicated this property accepts the following financing types: Cash, Conventional, VA Loan. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261026887, the most recent reported annual property tax for 16241 E State Fair Street, Detroit, MI 48205 is $1,528. 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.
Is 16241 E State Fair Street, Detroit, MI 48205 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 16241 E State Fair Street, Detroit, MI 48205 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
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.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$2,009
Monthly$167
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$741
Principal & interest$574
Property taxes$167
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
16241 E State Fair Street, 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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