3128 Elmwood ST , Detroit, MI 48207
Est. $1,227/mo with current taxes · · See the breakdown
About this home
Don’t Miss This Hidden Gem in the McDougall-Hunt Neighborhood! Full of historic character and timeless charm, this 4-bedroom colonial is packed with potential! Featuring beautiful hardwood floors throughout, antique details, and a spacious backyard, this property is the perfect opportunity for an investor or buyer looking to bring a vision to life with a little TLC. Conveniently located just 5 minutes from Downtown Detroit, with restaurants, local businesses, and other amenities within walking distance, this property offers both character and convenience. A true investor special with endless possibilities! Bring your creativity, restore its charm, and unlock the potential of this historic gem.
Monthly payment
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.The uncapped 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 | $150,000 |
| Beds | 4 |
| Baths | 1 full, 1 half |
| Square feet | 2,094 |
| Type | Single family residence |
| Subdivision | WALTZ SECOND SUB |
| County | Wayne |
| MLS # | 20261087802 |
| Listed | 2026-10-30 |
| Days on market | 1 |
| Year built | 1910 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Unfinished |
| Heating | Natural gas, Radiant |
| Foundation | Basement, Brick & mortar |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Parcel number | W13I010453S |
| Listing office | DTW Experts LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $5,057 | about $75,000 |
| Yearly property tax | $1,347 | about $4,814 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $3,467 a year more than this seller pays. The assessor's state equalized value (SEV) is $29,000. 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 2026-10-31T09:44+00:00; refreshed at least twice daily.