1 year on rocket

18088 Pelkey St, Detroit, MI, 48205

$55,000

0.11 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20221069880
Lot Size0.11 Acres
StatusActive

About 18088 Pelkey St

Welcome to the latest offering from the Detroit Land Bank Authority. 7 vacant lots on 2 streets ready for your developing ideas. Included in the sale are the following 18141, 18125 and 18131 Schoenherr and 18096, 18116 and 18100 Pelkey. 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

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: gratiot south to Linnhurst go west to Pelkey go South

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000
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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

18088 Pelkey St vs Detroit

700 DAYS ON ROCKET

+655 Days

$55,000

-$30K Less

KEY TAKEAWAY

This property is $30K 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: #20221069880

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: 11/21/2024, 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

Listing History

Jun 01, 2004Home Sold
$22,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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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-305282
1
/10
  • Fisher Magnet Lower Academy

  • 15510 E State Fair St

  • 1.52 miles

  • Public Magnet Grades PK-5

school-card-donut-305283
1
/10
  • Wayne Elementary School

  • 10633 Courville St

  • 1.75 miles

  • Public District Grades PK-5

school-card-donut-305284
4
/10
  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 1.96 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,412. Residents of Detroit, MI typically earn less than $35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 18088 Pelkey St

What is the listing price of this property?

The listing price of 18088 Pelkey St property is $55,000.

What type of property is this?

The property 18088 Pelkey St is land located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 18088 Pelkey St is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on June 1, 2004 for $22,000. (source: MLS/tax record).

How much acreage is this property?

The property 18088 Pelkey St is 0.11 acres.
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Rocket HomesMichiganWayne CountyDetroit4820518088 Pelkey St

This home is located at 18088 Pelkey St in Detroit, MI and zip code 48205 in the Upper East neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since December 21, 2022 and is currently priced at $55,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 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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