15510 Faircrest ST , Detroit, MI 48205
Est. $507/mo with property taxes uncapped · See the breakdown
About this home
Motivated Seller! Property has been recently cleared, drywalled, with new electrical, and plumbing installed throughout. Ready for finishing touches. Roof is less than 10 years old. Good bones. Full basement ready for finishing. Cosmetic rehab needed.
Monthly payment
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 | $35,000 |
| Beds | 4 |
| Baths | 2 full |
| Square feet | 2,068 |
| Type | Single family residence |
| Subdivision | FEDERAL PARK |
| County | Wayne |
| MLS # | 20261086825 |
| Listed | 2026-10-27 |
| Days on market | 0 |
| Year built | 1966 |
| Possession | Negotiable |
| Stories | 1 story |
| Basement | Full, Partially finished |
| Foundation | Basement, Poured |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W21I018681S |
| Listing office | Joseph Walter Realty, LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $15,354 | about $17,500 |
| Yearly property tax | $1,813 | about $1,123 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $34,500. 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.
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 2026-10-27T14:02+00:00; refreshed at least twice daily.