16340 SCHOOLCRAFT ST , Detroit, MI 48227
Est. $1,212/mo with current taxes · · See the breakdown
About this home
This 3 bedroom colonial home has tons of historic charm and modern amenities. This home is perfect for entertaining. Come make this house a home. Seller is very motivated. Don't miss out on this great opportunity to become a homeowner!! All data and measurements are approximate. BATVAI LATPAO IDRBNG
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, 1 half |
| Square feet | 1,981 |
| Type | Single family residence |
| Subdivision | TAYLORS B E RED BIRD |
| County | Wayne |
| MLS # | 20261088218 |
| Listed | 2026-11-01 |
| Days on market | 0 |
| Year built | 1928 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Unfinished |
| Heating | Hot water, Natural gas |
| Foundation | Basement, Block |
| Garage spaces | 2.0 |
| Water / Sewer | City water & sewer |
| Fireplace | Yes |
| Parcel number | W22I061274S |
| Listing office | United Front Realty LLC |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | — | about $70,000 |
| Yearly property tax | $1,892 | about $4,493 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $2,601 a year more than this seller pays. The assessor's state equalized value (SEV) is $99,500. 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 2026-11-01T19:45+00:00; refreshed at least twice daily.