8540 West McNichols Road

Local assessors in Detroit, MI have categorized 8540 West McNichols Road as a commercial type of property. The home was built in 1946 and is 78 years old. The property's lot size has been calculated to be 2,614 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 240 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8540 West McNichols Road has a total of 1,680 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. 8540 West McNichols Road 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". Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8540 West McNichols Road sold most recently in Aug 26, 2021 for a total of $15,000. If you work out the math, that's approximately a cost of $8.93 per sqft. Before that, the property was also sold for $5,848 in Oct 22, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,540 in taxes each year. The initial year of tax delinquency occurred in 2022. 8540 West McNichols Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $31,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.