Sold
3420 Buchanan Street, Detroit, MI 48208
Sold on 11/14/2025 for$20,000
MLS # 20251006628 (Realcomp)
4 beds2 baths1,455 sqftBuilt 19150.07 acres
1 / 4
Listing Description
Investment Opportunity!In the heart of Core City, this solid 4-bedroom Detroit home offers major upside for the savvy buyer. The area is rapidly developing with nearby renovations and new construction pushing values upward. With an ARV of $210K+ and estimated repairs of $50K–$65K, this is a golden opportunity to build equity.Due to the home sitting vacant, unauthorized occupants are present. The homeowner is taking steps to secure the property with steel DAWGS doors. There is interior access just need a hour advance for showings. Out-of-state seller is motivated and unable to complete repairs due to health issues.
Source: SparkMLS
About this home
4-bedroom, 2-bath, 1,455 sq ft home in Condon in Detroit built in 1915.
Closed at $20,000 (about $14/sq ft).
Annual property taxes run approximately $2,157 ($180/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Broadband is available with download speeds up to 2,000 Mbps from 8 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area1,455 sqft
Lot Size0.07 acres
Year Built1915
Stories2
Location
CityDetroit
Zip Code48208
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionVinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/15/2025
Sold Date11/13/2025
Original Price$35,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$285
Tax Year2025
State Equalized Value$33,600
Assessed Value$33,600
Homestead (PRE)100%
Parcel #12000536.
Source: Public Records
Legal Description
N BUCHANAN 7 JOHN M NICOLS SUB L13 P25 PLATS, W C R 12/62 30 X 107.93A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Erick Monzo
Keller Williams Realty-Great Lakes
Frequently Asked Questions about 3420 Buchanan Street, Detroit, MI 48208
What school district is 3420 Buchanan Street, Detroit, MI 48208 in?
Per MLS# 20251006628, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 3420 Buchanan Street, Detroit, MI 48208?
Per MLS# 20251006628, 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# 20251006628, the most recent reported annual property tax for 3420 Buchanan Street, Detroit, MI 48208 is $898. 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 3420 Buchanan Street, Detroit, MI 48208 eligible for USDA financing?
Per USDA Rural Development boundary data, 3420 Buchanan Street, 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, 3420 Buchanan Street, 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.
Is fiber internet available at 3420 Buchanan Street, Detroit, MI 48208?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 3420 Buchanan Street, Detroit, MI 48208. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
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$2,157
Monthly$180
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$342
Principal & interest$162
Property taxes$180
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 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
3420 Buchanan Street, Detroit, MI 48208
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Neighborhood
Condon
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Community
Detroit
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County
Wayne County
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