15516 Baylis ST , Detroit, MI 48238
Est. $1,331/mo with current taxes · · See the breakdown
About this home
Updated home with newer roof, new furnace, new hot water heater, and updated electrical panel. Previously prepared for Adult Foster Care (AFC) use; major systems work already complete. The layout supports multi- bedroom group living or a licensed AFC operation, with a finished lower level, multiple bedrooms, and a kitchenette area. Solid investor or owner-operator opportunity with the heavy lifting done.
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 | $140,000 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 968 |
| Type | Single family residence |
| Subdivision | ROBERT OAKMANS FENKELL AVE |
| County | Wayne |
| MLS # | 20261087842 |
| Listed | 2026-10-30 |
| Days on market | 1 |
| Year built | 1923 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Basement, Block |
| Water / Sewer | City water & sewer |
| Parcel number | W08I009971S |
| Listing office | 5th Avenue Realty Inc. |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $13,800 | about $70,000 |
| Yearly property tax | $3,318 | about $4,493 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $1,175 a year more than this seller pays. The assessor's state equalized value (SEV) is $13,800. 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.