Sold
3301 Magnolia, Detroit, MI 48208
Sold on 05/11/2018 for$109,000
MLS # 23082983 (Michigan Regional Information Center (MichRIC))
6 beds8 baths8,000 sqftBuilt 19550.76 acres
1 / 25
Listing Description
Former school building near Corktown. Lots of possibilities: artist lofts, apartments, or personal residence. All taxes, water, and sewer current and paid in full. Sale includes five city lots on nearly one acre with two buildings and two separate addresses under one tax ID. Zoned commercial and residential. School sold as is and will need new roof and full rehab. 3559 Tillman MLS #3254271 also included in sale. Won't last long at this price, make offer.
Source: SparkMLS
About this home
This 6-bedroom, 8-bath, 8,000 sq ft home built in 1955 sits in Condon in Detroit.
This home sold for $109,000 (about $14/sq ft).
Annual property taxes run approximately $6,200 ($517/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
Bedrooms6
Bathrooms8
Living Area8,000 sqft
Lot Size0.76 acres
Year Built1955
Stories1
Location
CityDetroit
MunicipalityDetroit City
Zip Code48208
CountyWayne
School DistrictDetroit City School District
Construction & Systems
StyleRanch
ConstructionBrick
BasementCrawl Space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesCable Connected
Sale & Financing
Listed2/5/2018
Sold Date5/10/2018
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$8,118
Tax Year2025
State Equalized Value$96,600
Assessed Value$96,600
Parcel #12007536-8
Source: Public Records
Legal Description
WTILLMAN299295JWJOHNSTONSSUBL1P323PLATS,WCR12/42246X133.62A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Melissa Socha
Modern Way Realty LLC
Frequently Asked Questions about 3301 Magnolia, Detroit, MI 48208
What school district is 3301 Magnolia, Detroit, MI 48208 in?
Per MLS# 23082983, this property is served by Detroit City School District. 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# 23082983, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 23082983, the most recent reported annual property tax for 3301 Magnolia, Detroit, MI 48208 is $11,111 (2016). 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 3301 Magnolia, Detroit, MI 48208 eligible for USDA financing?
Per USDA Rural Development boundary data, 3301 Magnolia, Detroit, MI 48208 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 3301 Magnolia, Detroit, MI 48208 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.
Map
Tax Estimate
$
Annual tax$6,200
Monthly$517
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
$
%
$
$
$
Monthly payment$1,224
Principal & interest$707
Property taxes$517
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
3301 Magnolia, Detroit, MI 48208
View full property history →
Neighborhood
Condon
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 3301 Magnolia
We'll notify you when something hits the market in Condon or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.