16165 Schaefer Highway

Local assessors in Detroit, MI have categorized 16165 Schaefer Highway as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 10,890 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 1,070 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16165 Schaefer Highway has a total of 7,682 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 16165 Schaefer Highway is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 16165 Schaefer Highway was last sold in Sep 18, 2018 for $340,000. According to our calculations, that's $35.84 per sqft. Prior to that sales transaction, the property was sold for $88,000 in Oct 26, 2016. Current property owners are expected to pay $7,877 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2023. The property on 16165 Schaefer Highway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $166,900. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.