Details
- 1 Full Baths
- Basement: Partial
- 1084 Sq Ft
- Built in 1944
- Other Heat
- 3920 Sq Ft Lot
Description
20419 Norwood is located in Detroit, MI, within Wayne County. Built in 1944, the property features 1,084 Sq Ft of space on 3,920 Sq Ft of land. Nearby schools include Mason Elementary School, Detroit International Academy For Young Women, and Osborn Academy of Mathematics. Detroit is the largest and most populous city in Michigan and the largest U.S. city on the United States-Canada border. Detroit has a population of around 640,000, making it the 27th most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to around 4.3 million people, making it the 2nd largest metro area in the Midwest after the Chicago metropolitan area and the 14th largest metro area in the United States.
Notes and Disclaimers
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PROPERTY MAY BE OCCUPIED
Please note that it is unlawful to trespass on this property. Do not disturb tenant.
Contingencies/Terms Offered
One-Year Forecast
| Property | - 3.16% |
| ZIP | - 3.17% |
| Metro | - 3.58% |
Property Insights
House Ranking: 6
42% of houses depreciate more than 4.73% in this ZIP Code
42% of houses are forecast to depreciate more than 3.16% in this ZIP Code
Historical Growth
| Last Year | 10 Year | |
| Property | - 4.73% | +115.32% |
| ZIP | - 1.29% | +118.86% |
| Metro | + 0.12% | +97.37% |
Index Tools - Valuation Changes
Below is a line graph of the indexes for this property, its ZIP Code area, and its Metropolitan Statistical Area (MSA). The graph tracks the movement of the property's value, values in the property's ZIP Code area, and values in the property's MSA over time due to market conditions.
Note: The property index does NOT represent the value of the subject home but instead represents the relative value of the home compared to other points in time.
ValPro - Property Value and Comps
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Properties in color below indicate comps selected.
- Click on a black circle below to add it as a selected comp.
- Click on a colored circle below to remove it as a selected comp.
The confidence score listed below will range between 50 and 100. This calculation is based on how similar the selected comps are to the subject property. The higher the score, the higher the confidence in the estimated valuation.
ZIP Market Segments Analysis
The homes within this ZIP Code have been sorted into four tiers based on the attribute displayed on the selected tab. For example, if the Value tab is selected, the homes are sorted into a low-end tier, a mid-low-end tier, a mid-high-end tier, and a high-end tier. Each tier features a quarter of the homes located within the ZIP Code.
Square Footage
Value
Year Built902 Sq Ft and less
902 - 1,020 Sq Ft
1,020 - 1,178 Sq Ft
1,178 Sq Ft and greater
Tier Comparison By Value Tier
The bar chart below compares the average percentage change in value over the last year and the average forecast percentage change in value for the coming year for the four different comparison tiers.
| Last Year | 1-Year Forecast | % Rising | |
| Tier 1 | + 5.01% | - 3.08% | + 0.09% |
| Tier 2 | + 5.06% | - 3.08% | + 0.00% |
| Tier 3 | + 5.09% | - 3.08% | + 0.00% |
| Tier 4 | + 5.15% | - 3.07% | + 0.09% |
Percentage Of Homes Rising By Value Tier
The below pie charts compare the percentage of Homes Rising (defined as the percent of homes with value appreciating at a rate faster than 1.5% per year during the most recent month) within the four different tiers of homes.