12388 Loretto Street

Detroit, MI
$ 39,900 Beds 2 Baths 1 Sq 632 Virtual Tour
Monthly Estimate* How much can I afford?

Tucked in between the LaSalle College Park & Ravendale neighborhoods this charming retro-styled bungalow is ready for its next homeowner. Newer roof, vinyl privacy fence, newer furnace, central air unit, and hot water tank (all currently in storage and will be installed prior to closing) The home is currently, set up as one bedroom but easily converted back to 2 bedrooms. Also offers a large kitchen, some updates to the bathroom, all of the original hardwood, the living room with natural light and a tucked-in staircase that leads you to the potential two spacious bedrooms, as well a deep set back yard that is fully fenced in and perfect to host your summer activities. We know this won't last long so schedule your showing today! Sold via warranty deed, clear title, no back taxes or water dues. Buyer to pay $395 processing fee to listing broker. As-is sale. Land Contract terms available at $45,000.00 purchase price, $15,000.00 down payment, 8% interest, $750.00/month, term is negotiable.

Single Family

  • Price
  • $ 39,900
  • Lot Size
  • 3,485 SqFt
  • Bedrooms
  • 2
  • Sqr Footage
  • 632
  • Full Bathrooms
  • 1
  • Year Built
  • 1927
  • Half Bathrooms
  • 0
  • City, Zip
  • Detroit
  • Taxes
  • 591
  • County
  • WAYNE
  • Style
  • Bungalow
  • Area
  • Det Con-Mors-Grat. Hstn-7 Mack
  • MLS#
  • 2200045678
  • Zip
  • 48205
Listing Provided by: Market Elite Inc

Features

General

Basement Type Unfinished
Construction Materials Aluminum
Cumulative Days on Market 163
Deposit Amount 15000.00
Down Payment Resource Yes
Heating Forced Air
Land Contract Yes
Listing Agent Public Id 393040
Originating MLS Realcomp II Ltd
Ownership Status Private Owned, Short Sale - No
Parcel Number W21I012319S
Possession At Close
Property Type Residential
School District Detroit
Sewer Sewer at Street, Sewer-Sanitary
Short Sale No
Status Active
Subdivision Name J S VISGERS LORETTO (PLATS)
Terms Offered Cash, Conventional, Land Contract, Warranty Deed
Total Sq Ft 632
Transaction Type Sale
Warranty No
Year Built 1927

Interior Features

Basement Y/N Yes
Full Baths 1
Heating Fuel Electric, Natural Gas
Total Baths 1.00

Exterior Features

Architecture Level 2 Story
Architecture Style Bungalow
Foundation Basement
Foundation Materials Block
Frontage Feet 30
Garage Capacity No Garage
Lot Size Area 0.08
Lot Size Dimensions 30.00X110.00
Water Source Municipal Water, Water at Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the St Clair Shores, MI office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/19/2020 Listed $29,900

Property vs Zip Code Average in 48205

Price
AVG $40K
$40K
Taxes
AVG $1,038
$591
Visits
AVG 15
80
Year Built
AVG 1942
1927
Walkscore
AVG 51
48
Data Provided by Walkscore ® not using MLS data

Map

Areas That We Cover

12388 Loretto Street Detroit, MI is a Single Family Home for sale at $39900 with 632 sqft and a lot size of 3,485 SqFt Acre(s). 12388 Loretto Street Detroit has 2 bedrooms, 1 baths and was built in 1927. The property's zip code is 48205 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.