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8643 Faust Ave, Detroit, MI, 48228

2beds
1baths
759sqft
$40,000
$53price/sqft
$546/moest. monthly cost
$21,840/yrincome needed

About This Home

For Sale By Owner – $40,000 OBO 8643 Faust Ave, Detroit, MI 48228. The house has been remodeled with a new roof, new paint, new carpet, and an updated bathroom. The interior looks clean and ready. Water is working. The only repair needed is the sewer line. The basement currently gets water due to the sewer issue. Selling as-is. Looking to sell text: 734-365-1460

Getting Around

72
WalkingVery Walkable
39
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

2/10
Dixon Elementary SchoolGrades PK-81.4 mi
3/10
Cody High SchoolGrades 9-120.3 mi

Construction

Condition

  • Year built: 1942

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Washer

Basement

  • Basement: Partially finished

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Heating & Cooling

  • Heating features: Forced air
  • Cooling features: Central

Interior Area

  • Total interior livable area: 759 sqft

Property

Details

  • Parcel number: 22079270

Features

  • Exterior features: Shingle
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 4,965 sqft

Parking

  • Total spaces: 1
  • Parking features: Garage - Detached

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 $202$2,424
Home Insurance *$107$1,284
Property Taxes $49$588
Electricity $188$2,259
Total$546$6,552
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$18,720/yr
40% on housing$16,380/yr
45% on housing$14,560/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

$53This listing

vs Other Active Listings

Avg $/sqft

ZIP 48228$53
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48228$74
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
2026-05-24Listed for sale$40,000
2026-03-28Listing removed--
2026-03-08Listed for sale$45,000
2024-10-27Listing removed$70,000
2024-06-09Listed for sale$70,000
2024-05-12Listing removed--
2024-05-11Listed for sale$39,900
2024-03-10Pending sale$39,900
2024-03-01Listed for sale$39,900
2023-08-22Listing removed--
2023-08-01Price change$45,000
2023-07-28Listed for sale$49,900
2022-05-05Listing removed--
2021-12-15Pending sale$17,000
2019-12-22Listing removed$1,000
2019-12-13Listed for sale$1,000
2011-12-02Listing removed$2,500
2011-11-23Pending sale$2,500
2011-11-16Price change$2,500
2011-10-12Listed for sale$5,000
2010-10-04Sold$3,300

For Sale by Owner

AgentProperty Owner

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