5 months on rocket

16940 Log Cabin St, Highland Park, MI, 48203

$870,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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16940 Log Cabin St, Highland Park$870,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1923
HeatingNatural Gas, Forced Air, Radiant
BasementYes
MLS #65024031172
Lot Size0.14 Acres
StatusActive

About 16940 Log Cabin St

Major price improvement. Value add 13 unit apartment building with gated private parking, a spacious lot, and a certificate of compliance. This building has been updated and most capital improvements have been completed. Centrally located this building offers 10-minute access to Downtown, close proximity to major grocers and public transportation. Strategically situated for investment opportunity, with the flurry of investment in the City of Detroit. This building has some separate utility meters allowing room for low operating expenses. Rents are below market.

Property Details

Property Features

Property Information:

  • Year Built: 1923

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Other, Laundry Facility

Exterior Features

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Radiant

Other

Directions Information:

  • Directions: From Hampton, turn left onto W Mcnichols and turn left on Log Cabin.

Price Information

Listing Price Info

Price Summary:

  • List Price: $870,000

Tax Information:

  • Annual Amount: $4,917
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Highland Park, MI.

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Highland Park, MI

City

Med. Sold Price

$57.7K

Med. Price/SqFt

$48

Avg. Days On Market

40

# of Sold Homes

11

16940 Log Cabin St vs Highland Park

156 DAYS ON ROCKET

+116 Days

$870,000

+$812.2K More

KEY TAKEAWAY

This property is $812.2K more than the Median Sold Price in Highland Park, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS®
  • MLS Number: #65024031172

Listing Office:

  • Office Name: MOXIE Real Estate + Development
  • Office Phone: (616) 890-7794
  • Listing Agent: Shawn Jacobs

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: 11/22/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 18, 2018Home Sold
$85,000
May 08, 2014Home Sold
$60,000
Nov 30, 2012Home Sold
$45,100

Tax History

YEARPROP. TAXASSESSMENT
2021$4,917$158,500
2020$14,060$126,200
2018$14,060$170,200
2017$13,972$159,100

History based on county public records data.

Payment Calculator

$4,410

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,675

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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-613929
1
/10

  • George Washington Carver Elementary School

  • 14510 2nd Ave

  • 1.13 miles

  • Public Charter Grades PK-4

school-card-donut-613930
3
/10

  • Bagley Elementary School of Journalism and Technology

  • 8100 Curtis St

  • 1.68 miles

  • Public District Grades PK-6

school-card-donut-613931
2
/10

  • Pasteur Elementary School

  • 19811 Stoepel St

  • 1.87 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,321. Residents of Highland Park, MI typically earn less than $35k each year. 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›Highland Park›48203›16940 Log Cabin St

This home is located at 16940 Log Cabin St in Highland Park, MI and zip code 48203 in the McNichols neighborhood. This home, which was built in 1923, sits on a 0.14 acre lot. It has been listed on Rocket Homes since June 19, 2024 and is currently priced at $870,000.

Over 3 listings were sold over their listed price in October 2024 in Highland Park, MI. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Highland Park, MI increased by 5.8% between September 2024 and October 2024. In October 2024 median list price was $57,750 and the average listing age was 40 days.

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

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