1 year on rocket

1051 Concord St, Detroit, MI, 48207

$100,000

0.11 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20230006878
Lot Size0.11 Acres
StatusActive

About 1051 Concord St

Welcome to the latest offering from the Detroit Land Bank Authority. Six (6) buildable lots in the Islandview neighborhood just minutes from Belle Isle park. Sale includes 1075, 1069, 1063, 1057 and 1043 Concord. The DLBA is seeking proposals for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. These parcels are currently zoned R2 but higher-density proposals may be possible as a conditional use. Interested buyers should consult DLBA proposal guidelines for new build opportunities and provide a project description with their offer. The DLBA also recommends reviewing the Islandview Greater Villages Neighborhood Framework Plan from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the Detroit Land bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and/or lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Property Details

Property Features

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: E Gand blvd. South to E. Lafayette west to concord

Price Information

Listing Price Info

Price Summary:

  • List Price: $100,000
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1051 Concord St vs Detroit

553 DAYS ON ROCKET

+508 Days

$100,000

+$15K More

KEY TAKEAWAY

This property is $15K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20230006878

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$567

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-380431
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 0.86 miles

  • Public Charter Grades KG-5

school-card-donut-380432
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.20 miles

  • Public Charter Grades KG-5

school-card-donut-380433
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.58 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,420. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1051 Concord St

What is the listing price of this property?

The listing price of 1051 Concord St property is $100,000.

What type of property is this?

The property 1051 Concord St is land located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 1051 Concord St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1051 Concord St is 0.11 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48207›1051 Concord St

This home is located at 1051 Concord St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since May 18, 2023 and is currently priced at $100,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

From Rocket Homes Real Estate and based on county public records data.

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