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Active · MLS #20261088370
$19,900 4 bd2 ba1,470 sqft

942 Tennessee ST , Detroit, MI 48215

Est. $560/mo with current taxes · · See the breakdown

TypeSingle family residence
Built2000
Lot0.14 acres
Garage2 spaces
Price/sqft$14
On market0 days

About this home

Investor opportunity in Detroit! This 4 bedroom, 2 bath colonial offers plenty of potential for those looking to take on their next renovation project. A great opportunity for investors, contractors, or buyers looking to restore a home and bring it back to life. Bring your vision and explore the possibilities this property has to offer!

Monthly payment

$560per month
Principal & interest$113
Property tax, current$238
Homeowners insurance$200
Mortgage insurance (PMI)$8

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$19,900
Beds4
Baths2 full
Square feet1,470
TypeSingle family residence
SubdivisionGROSSE POINTE LANDS COS SUB
CountyWayne
MLS #20261088370
Listed2026-11-04
Days on market0
Year built2000
PossessionAt closing
Stories2 stories
BasementUnfinished
HeatingForced air, Natural gas
FoundationBasement, Poured
Garage spaces2.0
Water / SewerCity water & sewer
Parcel numberW21I045795C6
Listing officeREALTEAM Real Estate

Property taxes: the seller's bill vs. yours

This seller today You, the year after buying
Taxable value$14,563about $9,950
Yearly property tax$2,859about $639

Michigan caps a homeowner's taxable value until the home sells, then it resets. The assessor's state equalized value (SEV) is $29,900. 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

  • FEMA flood zone AE. Lenders require flood insurance on a federally backed mortgage here. Get a quote before you offer.

From the City of Detroit's current parcel file, parcel W21I045795C6.

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 2026-11-04T21:25+00:00; refreshed at least twice daily.

$19,900Est. $560/mo
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