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Active · Government owned · MLS #20261086255
$24,900 3 bd2 ba1,631 sqft

3742 Pasadena ST , Detroit, MI 48238

Est. $419/mo with property taxes uncapped · See the breakdown

TypeSingle family residence
Built1926
Lot0.09 acres
Price/sqft$15
On market0 days

About this home

Welcome to the latest offering from the Detroit land Bank Authority. This Brick, 3 bedroom1600 sqft. colonial located in the Oakman Blvd Community is just waiting on your ingenuity and your design ideas. This home features a natural fireplace and hardwood floors throughout. With the right amount of love and care, a hidden gem is in the making. 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/or 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. Please refer to DLBA proposal guidelines

Monthly payment

$419per month
Principal & interest$142
Property tax, uncapped$67
Homeowners insurance$200
Mortgage insurance (PMI)$10

The tax line is this home's bill after it uncaps: half the price times 64.18 mills, the 2025 homestead rate here. Insurance is a $2,400/yr placeholder and PMI 0.55% of the loan below 20% down. An estimate, not a loan quote.

The facts

Price$24,900
Beds3
Baths1 full, 1 half
Square feet1,631
TypeSingle family residence
SubdivisionROBT OAKMANS LIVERNOIS & FORD HWY SUB
CountyWayne
MLS #20261086255
Listed2026-10-26
Days on market0
Year built1926
PossessionAt closing
Stories2 stories
BasementUnfinished
HeatingNatural gas, Radiant
FoundationBasement, Block
Water / SewerCity water & sewer
Parcel numberW14I005822S
Listing officeReal Estate One-Southfield

Property taxes: the seller's bill vs. yours

This seller today You, the year after buying
Taxable value—about $12,450
Yearly property tax$2,903about $799

Michigan caps a homeowner's taxable value until the home sells, then it resets. Estimate uses Detroit's 2025 homestead rate of 64.18 mills and assumes you claim the homestead exemption. See Detroit's full tax breakdown or run the uncapping calculator.

Location

IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-27T03:48+00:00; refreshed at least twice daily.

$24,900Est. $419/mo
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