Sold
401 W GREENDALE, Highland Park, MI 48203
Sold on 10/24/2023 for$35,000
MLS # 20230057575 (Realcomp)
3 beds1 bath1,493 sqftBuilt 19220.12 acres
1 / 19
Listing Description
Calling all investors! This property has the potential to generate positive cash flow and provide a solid return on investment over time. While it requires essential items and repairs such as a new furnace, a hot water tank, and knobs on the shower, these are improvements that can significantly increase the property's value. With these repairs completed, the home will be in better condition and more appealing to potential tenants or buyers, enabling a higher rental income or a profitable resale in the future. The location of the home is beneficial as well as Highland Park is a vibrant and up-and-coming area known for its rich history and close proximity to downtown Detroit. The city has been experiencing revitalization efforts, attracting new businesses and residents. Investing in this area allows for potential long-term growth and value appreciation as the community continues to develop. With the proper renovations and effective management, this property can offer a solid return on investment, making it an appealing prospect for investors looking to capitalize on the growth and development of the Highland Park area! BTVAI
Source: SparkMLS
About this home
3-bedroom, 1-bath, 1,493 sq ft home in State Fair in Highland Park built in 1922.
Final sale price: $35,000 (about $23/sq ft).
Property tax estimate: $1,245 per year ($104/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
Bathrooms1
Living Area1,493 sqft
Lot Size0.12 acres
Year Built1922
Stories2
Location
CityHighland Park
Zip Code48203
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Vinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/13/2023
Sold Date10/23/2023
Original Price$74,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,940
Tax Year2025
State Equalized Value$19,400
Assessed Value$19,400
Parcel #01005968.
Source: Public Records
Legal Description
S W GREENDALE 129 GRIX HOME PARK L29 P53 PLATS, W C R 1/172 50 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jeff Glover
KW Professionals
Frequently Asked Questions about 401 W GREENDALE, Highland Park, MI 48203
Which school district serves 401 W GREENDALE, Highland Park, MI 48203?
Per MLS# 20230057575, 401 W GREENDALE, Highland Park, MI 48203 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 401 W GREENDALE, Highland Park, MI 48203?
Per MLS# 20230057575, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 401 W GREENDALE, Highland Park, MI 48203?
Per public tax records, annual property taxes for this property are $727. 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, 401 W GREENDALE, Highland Park, MI 48203 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 401 W GREENDALE, Highland Park, MI 48203 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 401 W GREENDALE, Highland Park, MI 48203?
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.
Map
Tax Estimate
$
Annual tax$1,245
Monthly$104
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$363
Principal & interest$259
Property taxes$104
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
401 W GREENDALE, Highland Park, MI 48203
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Neighborhood
State Fair
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Community
Detroit
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County
Wayne County
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