Sold
7425 PARKWOOD Street, Detroit, MI 48210
Sold on 04/25/2025 for$140,000
MLS # 20250006480 (Realcomp)
3 beds3 baths976 sqftBuilt 19450.07 acres
1 / 24
Listing Description
This charming brick bungalow is a solid investment in a highly desirable area near Mexicantown—one of the hottest spots in town. With 3 bedrooms, 2.5 baths, and a basement that includes an extra room, this home has plenty of space to offer. The living room is perfect for relaxing, and the backyard is great for entertaining or just enjoying the outdoors. Plus, the property comes with a garage for added convenience. This home has tons of potential for future value, whether you're looking for a smart investment or a place to make your own. Tenant occupied month to month please allow at least 4 hours in advance for showings!!!! HABLO ESPANOL!
Source: SparkMLS
About this home
Located in Chadsey in Detroit, this property offers 3-bedroom, 3-bath, 976 sq ft, with original construction dating to 1945.
This home sold for $140,000 (about $143/sq ft).
Annual property taxes run approximately $1,142 ($95/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. Broadband is available with download speeds up to 2,000 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms3
Living Area976 sqft
Lot Size0.07 acres
Year Built1945
Stories2
Location
CityDetroit
Zip Code48210
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionVinyl Siding
BasementPartial
Garage1.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed1/29/2025
Sold Date4/24/2025
Original Price$189,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,491
Tax Year2025
State Equalized Value$17,800
Assessed Value$17,800
Parcel #18002093.
Source: Public Records
Legal Description
S PARKWOOD 97 FICK & HARVEYS SUB L15 P13 PLATS, W C R 18/216 30 X 100
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Henry Laurent
RE/MAX Leading Edge
Frequently Asked Questions about 7425 PARKWOOD Street, Detroit, MI 48210
Which school district serves 7425 PARKWOOD Street, Detroit, MI 48210?
Per MLS# 20250006480, 7425 PARKWOOD Street, Detroit, MI 48210 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
What financing options are available for 7425 PARKWOOD Street, Detroit, MI 48210?
Per MLS# 20250006480, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 7425 PARKWOOD Street, Detroit, MI 48210?
Per public tax records, annual property taxes for this property are $1,334. 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, 7425 PARKWOOD Street, Detroit, MI 48210 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 7425 PARKWOOD Street, Detroit, MI 48210 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 7425 PARKWOOD Street, Detroit, MI 48210. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 7425 PARKWOOD Street, Detroit, MI 48210?
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$1,142
Monthly$95
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$1,132
Principal & interest$1,037
Property taxes$95
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
7425 PARKWOOD Street, Detroit, MI 48210
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Neighborhood
Chadsey
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Community
Detroit
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County
Wayne County
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