1 year on rocket

1780 Townsend St, Detroit, MI, 48214

$40,502

0.14 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #20230083441
Lot Size0.14 Acres
StatusActive

About 1780 Townsend St

Welcome to the latest offering from the Detroit Land Bank Authority. 4 buildable lots in the quickly growing islandview neighborhood. The lots are surrounded by a swath of new construction waiting for your development ideas. The sale includes 1774, 1768 and 1762 Townsend. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. More specifically they would like to see small scale multi-families and duplexes. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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

Listing Office:

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

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Other

Directions Information:

  • Directions: E Grand blvd South to Kercheval go east to Townsend go south

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,502
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

1780 Townsend St vs Detroit

445 DAYS ON ROCKET

+396 Days

$40,502

-$44.5K Less

KEY TAKEAWAY

This property is $44.5K 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: #20230083441

Listing Office:

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

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: 12/23/2024, 3:21:02 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

$270

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$188

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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-1134868
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.31 miles

  • Public Charter Grades KG-5

school-card-donut-1134869
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.49 miles

  • Public Charter Grades KG-5

school-card-donut-1134870
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.98 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,484. The most common annual income of people living in Detroit, MI is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1780 Townsend St

What is the listing price of this property?

The listing price of 1780 Townsend St property is $40,502.

What type of property is this?

The property 1780 Townsend St is land located in Detroit, Michigan, 48214.

Is this property for sale now?

Active Listing: 1780 Townsend St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1780 Townsend St is 0.14 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48214›1780 Townsend St

This home is located at 1780 Townsend St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This home sits on a 0.14 acre lot. It has been listed on Rocket Homes since October 04, 2023 and is currently priced at $40,502.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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