2 months on rocket

14578 Lappin St, Detroit, MI, 48205

$20,000

Home List Price

$238*

Closing Credit

3 Bedrooms
1 Full Bath
956 SqFt
$21/SqFt
House

Location

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14578 Lappin St, Detroit$20,000

Buyer Closing Credits

$238*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1925
HeatingForced Air, Natural Gas
BasementYes
MLS #20240079223
Lot Size0.10 Acres
StatusActive

About 14578 Lappin St

Welcome to the latest offering from the Detroit Land Bank Authority. 3 bedroom frame bungalow in need of a ton of work. Lucky for you it is being sold in a 3 home bundle with homes on the same street for one set price. Sale includes 14390 and 14531 Lappin all for this set price. Homes will not be sold separately. 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: Bungalow
  • Year Built: 1925
  • Living Area: 956 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:

  • Attached Garage: No
  • Parking: NoGarage

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 go south.

Price Information

Listing Price Info

Price Summary:

  • List Price: $20,000
  • Price Per SqFt: $21/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

14578 Lappin St vs Detroit

61 DAYS ON ROCKET

+12 Days

$20,000

-$65K Less

$21/SqFt

-$47 Less

KEY TAKEAWAY

This property is $65K less than the Median Sold Price and $47/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: #20240079223

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, 8:21:08 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

$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-921162
1
/10

  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 0.64 miles

  • Public Magnet Grades PK-5

school-card-donut-921163
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 1.47 miles

  • Public District Grades PK-5

school-card-donut-921164
1
/10

  • Chandler Park Academy Elementary School

  • 20200 Kelly Rd

  • 1.58 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. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 14578 Lappin St

What is the listing price of this property?

The listing price of 14578 Lappin St property is $20,000.

What type of property is this?

The property 14578 Lappin St is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 14578 Lappin St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 14578 Lappin St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 14578 Lappin St is 956 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 14578 Lappin St is 1925.

Rocket Homes›Michigan›Wayne County›Detroit›48205›14578 Lappin St

This home is located at 14578 Lappin St in Detroit, MI and zip code 48205 in the Burbank neighborhood. This 956 square foot home, which was built in 1925, 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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