2 months on rocket

14531 Lappin St, Detroit, MI, 48205

$20,000

Home List Price

$238*

Closing Credit

3 Bedrooms
1 Full Bath
1,180 SqFt
$17/SqFt
House

Location

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14531 Lappin St, Detroit$20,000

Buyer Closing Credits

$238*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1926
HeatingForced Air, Natural Gas
BasementYes
MLS #20240079179
Lot Size0.10 Acres
StatusActive

About 14531 Lappin St

Welcome to the latest offering from the Detroit Land Bank Authority. 3 Bedroom frame colonial in need of a total rehab offered in a 3 home package for one price all on the same street. Sale includes 14390 and 14578 Lappin as well. 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

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1926
  • Living Area: 1,180 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: 8 mile east to gratiot go south to lappin

Price Information

Listing Price Info

Price Summary:

  • List Price: $20,000
  • Price Per SqFt: $17/SqFt
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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

$67

Avg. Days On Market

49

# of Sold Homes

396

14531 Lappin St vs Detroit

61 DAYS ON ROCKET

+12 Days

$20,000

-$65K Less

$17/SqFt

-$51 Less

KEY TAKEAWAY

This property is $65K less than the Median Sold Price and $51/SqFt less 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: #20240079179

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: 12/22/2024, 7:21:07 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

Mar 01, 2004Home Sold
$78,000
Jan 12, 2004Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$167

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$126

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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-915124
1
/10

  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 0.66 miles

  • Public Magnet Grades PK-5

school-card-donut-915125
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 1.53 miles

  • Public District Grades PK-5

school-card-donut-915126
1
/10

  • Chandler Park Academy Elementary School

  • 20200 Kelly Rd

  • 1.62 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,978. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are 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 14531 Lappin St

What is the listing price of this property?

The listing price of 14531 Lappin St property is $20,000.

What type of property is this?

The property 14531 Lappin St is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 14531 Lappin St is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on March 1, 2004 for $78,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 14531 Lappin St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 14531 Lappin St is 1,180 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 14531 Lappin St is 1926.

Rocket Homes›Michigan›Wayne County›Detroit›48205›14531 Lappin St

This home is located at 14531 Lappin St in Detroit, MI and zip code 48205 in the Burbank neighborhood. This 1,180 square foot home, which was built in 1926, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $20,000.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

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

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