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Active · Bank owned · MLS #20261086684
$159,900 4 bd2 ba2,112 sqft

16232 Kentucky ST , Detroit, MI 48221

Est. $1,578/mo with current taxes · · See the breakdown

TypeSingle family residence
Built1928
Lot0.09 acres
Price/sqft$76
On market1 days

About this home

Classic all-brick single-family conversion from a two family to a single family Home with updated roof. Features a modern kitchen with granite counter tops. Bonus rooms located upstairs on the second level. Offering over 2,000 Sq ft of family living space. 4 bedrooms , 2 full baths with a full basement. **This property is eligible under the Freddie Mac First Look Initiative through 11/28/2026. Only owner occupant offers and approved non-profit buyer offers will be considered during this period.** “ Seller will not complete any repairs to the subject property, either lender or buyer requested. The property is sold in AS IS condition”

Monthly payment

$1,578per month
Principal & interest$910
Property tax, current$403
Homeowners insurance$200
Mortgage insurance (PMI)$66

The tax line is the seller's current bill from the MLS. Michigan uncaps the taxable value the year after a sale, so tap See uncapped taxes for what a buyer will likely pay then. 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$159,900
Beds4
Baths2 full
Square feet2,112
TypeSingle family residence
SubdivisionPURITAN HEIGHTS SUB
CountyWayne
MLS #20261086684
Listed2026-10-28
Days on market1
Year built1928
PossessionAt closing
Stories2 stories
BasementFull, Unfinished
HeatingForced air, Natural gas
FoundationBasement, Block
Water / SewerCity water & sewer
FireplaceYes
Parcel numberW16I036559S
Listing officeBrookstone, Realtors LLC

Property taxes: the seller's bill vs. yours

This seller today You, the year after buying
Taxable value$62,153about $79,950
Yearly property tax$4,833about $5,132

Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $299 a year more than this seller pays. The assessor's state equalized value (SEV) is $79,500. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. 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.

City of Detroit records for this parcel

  • NEZ Homestead district: Puritan - Wyoming (H023). Owner-occupants who buy here can apply to the City Assessor for a Neighborhood Enterprise Zone certificate, which typically cuts the summer tax bill by 15–20% for up to 15 years. Applications are due October 1 for the following year. The tax estimate above doesn't include it. How NEZ works.

From the City of Detroit's current parcel file, parcel W16I036559S.

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 2026-10-29T10:03+00:00; refreshed at least twice daily.

$159,900Est. $1,578/mo
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