2 months on rocket

1974 Virginia Park St, Detroit, MI, 48206

$359,000

Home List Price

$4,263*

Closing Credit

2 Full Baths, 2 Partial
3,556 SqFt
$101/SqFt
Multi

Location

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1974 Virginia Park St, Detroit$359,000

Buyer Closing Credits

$4,263*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarage
Year Built1916
HeatingForced Air, Natural Gas
BasementYes
MLS #20240075151
Lot Size0.11 Acres
StatusActive

About 1974 Virginia Park St

This freshly updated spacious 5-Bd, 4-full bath Multi-Unit Property in Detroit not only offers comfortable living but also boasts a rich neighborhood history. Its strategic location is unbeatable, being just a 4-minute drive to Henry Ford Hospital, a 3-minute drive to the iconic Motown museum, a quick 10-minute drive to Wayne State University, and only 11 minutes away from downtown Detroit. The property holds great investment potential, whether you're considering Airbnb hosting or multi-tenant rental opportunities. Additionally, it features a finished attic that could easily be transformed into a studio space. A standout feature of this property is the brand new driveway, adding convenience and value to the home. Residents will enjoy being close to various amenities in the area. Furthermore, the neighborhood is undergoing significant development with major projects on the horizon. This includes Henry Ford's 100 million dollar cancer hospital expansion, the Motown museum's 50 million dollar expansion, and a massive 3 billion dollar development project by Henry Ford, Pistons, and Michigan State University that is set to transform the area in the near future. Don't miss out on this incredible opportunity to own a piece of history in a thriving and evolving neighborhood.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1916
  • Living Area: 3,556 SqFt

Listing Office:

  • Office Name: REALTEAM Real Estate
  • Office Phone: (586) 580-8092
  • Listing Agent: Corey Stone

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Garage

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: W of Rosa Parks Blvd/N of W Grand Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $359,000
  • Price Per SqFt: $101/SqFt

Tax Information:

  • Annual Amount: $2,993
  • 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

1974 Virginia Park St vs Detroit

74 DAYS ON ROCKET

+25 Days

$359,000

+$273.9K More

$101/SqFt

+$33 More

KEY TAKEAWAY

This property is $273.9K more than the Median Sold Price and $33/SqFt more 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: #20240075151

Listing Office:

  • Office Name: REALTEAM Real Estate
  • Office Phone: (586) 580-8092
  • Listing Agent: Corey Stone

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, 8:21:08 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$2,993$22,200
2020 - $19,400

History based on county public records data.

Payment Calculator

$1,859

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,143

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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-4457431
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.13 miles

  • Public Charter Grades KG-5

school-card-donut-4457432
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.20 miles

  • Public Charter Grades KG-5

school-card-donut-4457433
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.23 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 $17,500. Most Detroit, MI residents have annual incomes 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

Rocket Homes›Michigan›Wayne County›Detroit›48206›1974 Virginia Park St

This home is located at 1974 Virginia Park St in Detroit, MI and zip code 48206 in the Rosa Parks neighborhood. This 3,556 square foot home, which was built in 1916, sits on a 0.11 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $359,000.

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 inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

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

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