12346 Elmdale ST , Detroit, MI 48213
Est. $646/mo with current taxes · · See the breakdown
About this home
Investor special for under $50k! This two-story brick home in Detroit’s Gratiot Gardens subdivision offers 3 bedrooms, 1 bath, and almost 1500 square feet of living space, PLUS a basement & garage. The brick exterior, front bay window, and covered porch give you plenty of curb appeal to work with. Repairs are needed, making this a project for investors looking to renovate for resale or add to their rental portfolio. DAWGS security system currently in place. Sold as-is. Warranty deed offered. Land contract terms are available and negotiable! Schedule your showing today.
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 | $49,900 |
| Beds | 3 |
| Baths | 1 full |
| Square feet | 1,498 |
| Type | Single family residence |
| Subdivision | GRATIOT GARDENS |
| County | Wayne |
| MLS # | 20261088645 |
| Listed | 2026-11-03 |
| Days on market | 0 |
| Year built | 1941 |
| Possession | At closing |
| Stories | 2 stories |
| Basement | Unfinished |
| Heating | Forced air, Natural gas |
| Foundation | Michigan basement |
| Garage spaces | 1.0 |
| Water / Sewer | City water & sewer |
| Fireplace | Yes |
| Parcel number | W21I007207S |
| Listing office | Good Company |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $14,574 | about $24,950 |
| Yearly property tax | $1,703 | about $1,601 |
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.
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 2026-11-03T21:03+00:00; refreshed at least twice daily.