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Colonial

16716 Woodingham Drive, Detroit, MI 48221, USA

Colonial

house for sale

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Listed: 02/13/23

16716 Woodingham Drive, Detroit, MI 48221, USA

3 Bed:

1 Bath:

1,868 Sq Ft Living Area:

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Price

$ 17,500

Price: Lower

About This House

2 Income Properties for the Price of 1 totaling$35, 000.Addresses include 16716 and 16600 Woodingham. Close to the Avenue of Fashion, universities, major freeways and more! Homes will not be sold separately, NO Exceptions! Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Includes

Heating Forced Air
Fuel Heating Natural Gas
Architecture Colonial

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Fitzgerald/Marygrove Housing & Living

Average sale prices for houses

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Mar 2024	$123,200 (+3.5%)
Feb 2024	$119,019 (0%)
Jan 2024	$119,019 (0%)
Dec 2023	$119,019 (-17.2%)
Nov 2023	$143,777 (+25%)
Oct 2023	$115,016 (0%)

In March 2024, the asking price for 3 bed houses for sale in/near Fitzgerald/Marygrove, Detroit, United States averaged $123,200, an increase of 3.5% from the previous month.

Median price trends for properties for sale in Fitzgerald/Marygrove, Detroit, United States as of March 2024.

Household Income

Median household income: $31,283

Number of households: 266,333

The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.

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