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12947 E Mcnichols Rd, Detroit, MI, 48205

$5,500

0.11 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240071515
Lot Size0.11 Acres
StatusActive

About 12947 E Mcnichols Rd

Looking for that perfect small/medium infill project in the Von Steuben Community? 2 lots included, 12947 & 12937 E. McNichols, 8,780 square feet total. The DLBA is seeking proposals that 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. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans 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 that are otherwise available to the selected purchaser. The payment will be deterrmined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Details

Property Features

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: N. of W. McNichols, W. of Gratiot

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,500
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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

12947 E Mcnichols Rd vs Detroit

37 DAYS ON ROCKET

-8 Days

$5,500

-$79.5K Less

KEY TAKEAWAY

This property is $79.5K less 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: #20240071515

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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: 11/14/2024, 1:20:51 AM 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

$95

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$83

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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-88943
1
/10
  • Wayne Elementary School

  • 10633 Courville St

  • 1.88 miles

  • Public District Grades PK-5

school-card-donut-88944
1
/10
  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 1.93 miles

  • Public Magnet Grades PK-5

school-card-donut-88945
4
/10
  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 2.24 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $10,360. The most common annual income of people living in Detroit, MI is less than $35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12947 E Mcnichols Rd

What is the listing price of this property?

The listing price of 12947 E Mcnichols Rd property is $5,500.

What type of property is this?

The property 12947 E Mcnichols Rd is land located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 12947 E Mcnichols Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 12947 E Mcnichols Rd is 0.11 acres.
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Rocket HomesMichiganWayne CountyDetroit4820512947 E Mcnichols Rd

This home is located at 12947 E Mcnichols Rd in Detroit, MI and zip code 48205 in the Upper East neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $5,500.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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