16164 Monica St, Detroit, MI, 48221
About This Home
Welcome to the latest offering from the Detroit Land Bank Authority. 2 bedroom frame home just ready for your renovation touches. Property needs a full rehab and all buyers are required to follow DLBA offer guidelines in order to purchase. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Getting Around
Somewhat Walkable
Good Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1926
Materials
- Foundation: Basement,Block
- Construction materials: Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
- Basement: Unfinished
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 x 9
Bedroom
- Level: Entry
- Area: 90
- Dimensions: 10 x 9
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Finished area above ground: 801
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total interior livable area: 801 sqft
Other
- Level: Entry
- Area: 45
- Dimensions: 5 x 9
Property
Details
- Parcel number: W16I021227S
- Special condition: Government Owned,Short Sale No
Features
- Levels: One
- Stories: 1
- Entry location: GroundLevelwSteps
- Pool features: None
Lot
- Lot size: 3,920 sqft
- Lot size dimensions: 35.00 x 111.00
Parking
- Total spaces: 1
- Parking features: One Car Garage,Detached
- Has garage: Yes
- Attached garage spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Wayne County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $22 | $264 |
| Home Insurance * | $6 | $72 |
| Property Taxes | $5 | $60 |
| Electricity | $188 | $2,259 |
| Total | $221 | $2,652 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2024-12-30 | Listed for sale | $4,500 |
| 2024-07-24 | Listing removed | -- |
| 2024-05-30 | Listed for sale | $4,500 |
| 2024-04-16 | Listing removed | -- |
| 2024-03-13 | Listed for sale | $4,500 |
| 2024-01-16 | Listing removed | -- |
| 2023-11-24 | Listed for sale | $4,500 |
| 2023-08-24 | Listing removed | -- |
| 2022-09-30 | Listed for sale | $4,500 |
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