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2241 Vermont St, Detroit, MI, 48216

2beds
2baths
1,112sqft
$246,000
$221price/sqft
$2,015/moest. monthly cost
$80,600/yrincome needed

About This Home

Historic Corktown Workers Cottage. In one of Detroit's hottest communities. The last property available. Very few sales in this area. Walking distance to the Ford Michigan Central Station (about 900 feet). Across the street from the Ford Corktown Information Center. Walking distance to where the new Detroit City Football Club Stadium will be constructed. Walking distance to restaurants and entertainment. 9'10" ceilings. Requires complete rehab. We can assist in finding reconstruction loans and project management. We highly recommend Michael Gordon from MGA Architects to design a million dollar property. A partner was going to renovate the property but is booked with other projects for several more years. We intended to tear down the newer rear addition, pickup the whole house and put a new full basement under it (with very high ceilings). Replace the removed portion with a new entertainer's kitchen, chef's kitchen, master suite and garage. Buyer's Agent to verify all information. Buyer to pay $595 Doc Fee. We can assist in having the property renovated to your desires. Using our recommended architect the ARV should be somewhere be somewhere north of $800,000.

Getting Around

73
WalkingVery Walkable
57
TransitGood Transit
91
BikeBiker's Paradise

Schools

4/10
4/10
Northwestern High SchoolGrades 9-122.4 mi

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Basement,Block
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Partial,Unfinished

Bedroom

  • Level: Entry
  • Area: 168
  • Dimensions: 12 x 14

Bedroom

  • Level: Entry
  • Area: 140
  • Dimensions: 10 x 14

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Entry
  • Area: 273
  • Dimensions: 13 x 21

Family Room

  • Level: Entry
  • Area: 266
  • Dimensions: 14 x 19

Features

  • Finished area above ground: 1,112

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 1,112 sqft

Kitchen

  • Level: Entry
  • Area: 190
  • Dimensions: 10 x 19

Other

  • Level: Entry

Other

  • Level: Entry

Property

Details

  • Parcel number: W08I008640S
  • Special condition: Short Sale No,Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: GroundLevel
  • Pool features: None
  • Patio & porch: Covered,Porch

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 35.00 x 130.00

Parking

  • Parking features: No Garage

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
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $1,243$14,916
Home Insurance *$283$3,396
Property Taxes $301$3,612
Electricity $188$2,259
Total$2,015$24,180
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$69,085/yr
40% on housing$60,450/yr
45% on housing$53,733/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$221This listing

vs Other Active Listings

Avg $/sqft

ZIP 48216$182
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48216$104
Wayne County$129

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

DateEventPrice
2024-08-02Listed for sale$246,000

For Sale by Agent

AgentCarlos B Oxholm
BrokerageTurnkey Complete Realty

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