4 months on rocket

1574 Lyman, Detroit, MI, 48211

$49,900

0.05 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240044489
Lot Size0.05 Acres
StatusActive

About 1574 Lyman

Heavy Industrial Vacant Lot for Sale ZONED M5. With its versatile zoning, the possibilities are virtually boundless, and you can let your imagination run wild. Boasting a prime location, this land benefits from convenient access to major highways, making commuting a breeze. The nearby amenities and attractions, such as upscale restaurants, boutique shops, cultural centers, and entertainment venues, ensure an exciting living experience for future residents or business tenants. Purchaser to pay 495 processing fee to listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Property Details

Property Features

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Rashad Elabed

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Other

Directions Information:

  • Directions: Take i75 to Grand blvd onto Russell to Lyman Place.

Price Information

Listing Price Info

Price Summary:

  • List Price: $49,900
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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

1574 Lyman vs Detroit

146 DAYS ON ROCKET

+101 Days

$49,900

-$35.1K Less

KEY TAKEAWAY

This property is $35.1K 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: #20240044489

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Rashad Elabed

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: 11/17/2024, 1:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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Rocket Mortgage

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-353517
2
/10
  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.07 miles

  • Public Charter Grades KG-5

school-card-donut-353518
1
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.37 miles

  • Public Charter Grades KG-5

school-card-donut-353519
2
/10
  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.38 miles

  • Public Charter Grades 2-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $78,309. Typical income of Detroit, MI residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1574 Lyman

What is the listing price of this property?

The listing price of 1574 Lyman property is $49,900.

What type of property is this?

The property 1574 Lyman is land located in Detroit, Michigan, 48211.

Is this property for sale now?

Active Listing: 1574 Lyman is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1574 Lyman is 0.05 acres.
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Rocket HomesMichiganWayne CountyDetroit482111574 Lyman

This home is located at 1574 Lyman in Detroit, MI and zip code 48211 in the Midtown neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $49,900.

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 inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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