1 month on rocket

1200 Lenox St, Detroit, MI, 48215

$197,000

Home List Price

$2,339*

Closing Credit

2 Full Baths
2,473 SqFt
$80/SqFt
Multi

Location

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1200 Lenox St, Detroit$197,000

Buyer Closing Credits

$2,339*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1922
HeatingNatural Gas, Floor Furnace
BasementYes
MLS #20240078638
Lot Size0.09 Acres
StatusActive

About 1200 Lenox St

LOCATED 3 MINUTES FROM HISTORIC JEFFERSON CHALMERS AND 6 MINUTES FROM GROSSE POINTE, YOU WILL FIND 1200 LENOX NESTLED ON A 3,789 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS CROWN JEWEL BOAST TWO 3 BEDROOM UNITS. SHE HAS BEEN CAREFULLY UPGRADED WITH 2 NEWLY INSTALLED FURNACES AND HOT WATER TANKS. IN ADDITION, THIS HOME DISPLAYS BRAND NEW WINDOWS AND HAS NEW ELECTRICAL + PLUMBING TO INSURE MAINTENANCE FREE CASH FLOW. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 3250. THESE TENANTS COVERS ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 PER. THE TAXES HAVE BEEN REDUCED TO ROUGHLY 196 PER MONTH. THIS DIAMOND WILL BE IN A LUCKY OWNER'S FINGERTIPS SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1922
  • Stories: 2
  • Living Area: 2,473 SqFt

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Floor Furnace

Other

Directions Information:

  • Directions: Kerchevel & Lenox

Price Information

Listing Price Info

Price Summary:

  • List Price: $197,000
  • Price Per SqFt: $80/SqFt

Tax Information:

  • Annual Amount: $2,487
  • Tax Year: 2021
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Housing Market Comparison

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

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

1200 Lenox St vs Detroit

35 DAYS ON ROCKET

-10 Days

$197,000

+$112K More

$80/SqFt

+$6 More

KEY TAKEAWAY

This property is $112K more than the Median Sold Price and $6/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240078638

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

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, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 04, 2016Home Sold
$37,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,487$15,300
2020$1,619$19,900
2018$1,619$14,800
2017$1,674$15,200

History based on county public records data.

Payment Calculator

$1,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$657

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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-269202
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-269203
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 2.79 miles

  • Public Charter Grades KG-5

school-card-donut-269204
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 2.92 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,282. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48215›1200 Lenox St

This home is located at 1200 Lenox St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 2,473 square foot home, which was built in 1922, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $197,000.

Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

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

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