8 months on rocket

1740 W Grand Blvd, Detroit, MI, 48208

$695,000

Home List Price

$8,253*

Closing Credit

65 Full Baths
39,160 SqFt
$18/SqFt
Multi

Location

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1740 W Grand Blvd, Detroit$695,000

Buyer Closing Credits

$8,253*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParkingLot, OnStreet
Year Built1951
HeatingNatural Gas
BasementYes
MLS #20240020781
Lot Size0.46 Acres
StatusActive

About 1740 W Grand Blvd

65 Unit apartment. Needs full rehab. Parking in rear. Income and expenses are estimated. 20 Studios @ $800= $16,000 45 1 bedrooms @ $900 = $40,500. Total monthly income $56,500. Mgmt Fee 6%= $40,680, Taxes $15,700, Ins $20,000, untilities $5,000.

Property Details

Property Features

Property Information:

  • Architectural Style: CommonEntryBuilding
  • Year Built: 1951
  • Living Area: 39,160 SqFt

Listing Office:

  • Office Name: Re/Max Connection
  • Office Phone: (248) 505-2509
  • Listing Agent: Philip V Lang

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 65

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: ParkingLot, OnStreet

Lot Features

Lot Information:

  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: North of I-94 freeway

Price Information

Listing Price Info

Price Summary:

  • List Price: $695,000
  • Price Per SqFt: $18/SqFt

Tax Information:

  • Annual Amount: $21,335
  • Tax Year: 2021
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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

1740 W Grand Blvd vs Detroit

259 DAYS ON ROCKET

+210 Days

$695,000

+$609.9K More

$18/SqFt

-$50 Less

KEY TAKEAWAY

This property is $609.9K more than the Median Sold Price and $50/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: #20240020781

Listing Office:

  • Office Name: Re/Max Connection
  • Office Phone: (248) 505-2509
  • Listing Agent: Philip V Lang

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: 12/18/2024, 1:21:08 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

Apr 22, 2015Home Sold
$799,947
Oct 13, 2014Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2021$21,335$152,100
2020$12,034$149,400
2018$12,034$138,000
2017$11,351$129,000

History based on county public records data.

Payment Calculator

$3,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,150

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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-4549016
2
/10

  • Academy of the Americas at Logan

  • 3811 Cicotte St

  • 1.59 miles

  • Public District Grades KG-3

school-card-donut-4549017
1
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 1.60 miles

  • Public Charter Grades 3-5

school-card-donut-4549018
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.94 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,660. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48208›1740 W Grand Blvd

This home is located at 1740 W Grand Blvd in Detroit, MI and zip code 48208 in the Tireman neighborhood. This 39,160 square foot home, which was built in 1951, sits on a 0.46 acre lot. Features: 65 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $695,000.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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