For Sale
612 Lakewood Street, Detroit, MI 48215
$130,000
MLS # 20261049831 (Realcomp)
4 beds1 bath1,427 sqftBuilt 19200.13 acres
1 / 26
Listing Description
Unlock the potential of this spacious Detroit home, ready for your finishing touches. Whether you’re an investor searching for your next project or a homeowner looking to build equity, this property offers a fantastic opportunity without requiring a full-scale renovation. With a solid foundation to work from, it won’t take much to transform this house into something truly special. Conveniently located near major highways, schools, parks, shopping, and everyday amenities, you’ll enjoy easy access to everything Detroit has to offer. Don’t miss your chance to bring your vision to life. Schedule your private showing today!Purchaser to pay 395 processing fee. As-is sale. SELLER FINANCING / LAND CONTRACT TERMS AVAILABLE AT 140,000 PURCHASE PRICE, 40,000 DOWN PAYMENT, 8% INTEREST, 120 MONTH TERM. 1092 / MONTH. seller financing/land contract terms are negotiable.
Source: SparkMLS
About this home
4-bedroom, 1-bath, 1,427 sq ft home in East Riverside in Detroit built in 1920.
Listed at $130,000 (about $91/sq ft).
Annual property taxes run approximately $2,253 ($188/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
Bedrooms4
Bathrooms1
Living Area1,427 sqft
Lot Size0.13 acres
Year Built1920
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/30/2026
Terms AcceptedCash, Land Contract
Source: SparkMLS
Tax Information
Annual Tax$3,510
Tax Year2025
State Equalized Value$35,100
Assessed Value$35,100
Homestead (PRE)100%
Parcel #21054460.
Source: Public Records
Legal Description
E LAKEWOOD 16 MARSHLAND BOULEVARD SUB L26 P92 PLATS, W C R 21/293 40 X 140.02
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Derek C Lievens
Market Elite Inc
Frequently Asked Questions about 612 Lakewood Street, Detroit, MI 48215
Which school district serves 612 Lakewood Street, Detroit, MI 48215?
Per MLS# 20261049831, 612 Lakewood Street, Detroit, MI 48215 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 612 Lakewood Street, Detroit, MI 48215?
Per MLS# 20261049831, this listing accepts Cash, Land Contract financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 612 Lakewood Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $2,606. 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, 612 Lakewood Street, Detroit, MI 48215 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 612 Lakewood Street, Detroit, MI 48215 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 612 Lakewood Street, Detroit, MI 48215?
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$2,253
Monthly$188
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$1,031
Principal & interest$843
Property taxes$188
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
612 Lakewood Street, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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