Get in on the latest offering from the Detroit Land Bank authority located in the Elijah McCoy Subdivision. This is a residential infill opportunity located in a thriving community. 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: Bellabay Realty Tri Counties
Office Phone: (248) 274-6614
Listing Agent: Natasha C Richards
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Other
Directions Information:
Directions: N. McGraw, W. of Rosa Parks Blvd.
Price Information
Listing Price Info
Price Summary:
List Price: $6,500
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $78.5K 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: #20240071561
Listing Office:
Office Name: Bellabay Realty Tri Counties
Office Phone: (248) 274-6614
Listing Agent: Natasha C Richards
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$100
Per Month
Principal & Interest
$33
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$86
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school0.69 miles
Public Charter Grades KG-5
2
/10
University Preparatory Academy Psad Elementary School
435 Amsterdam St
Distance between this listing and this school0.97 miles
Public Charter Grades KG-5
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school1.94 miles
Public Charter Grades KG-5
Nearby Schools
1
/10
Thirkell Elementary-Middle School
7724 14th St
Distance between this listing and this school0.66 miles
Public District Grades KG-8
2
/10
George Crockett Academy
4851 14th St
Distance between this listing and this school0.68 miles
Public Charter Grades PK-8
7
/10
Edmonson Montessori
1300 W Canfield St
Distance between this listing and this school1.04 miles
Public District Grades PK-8
Nearby Schools
3
/10
Northwestern High School
2200 W Grand Blvd
Distance between this listing and this school0.68 miles
Public District Grades 9-12
3
/10
Frederick Douglass Academy for Young Men
2001 W Warren Ave
Distance between this listing and this school0.71 miles
Public District Grades 9-12
4
/10
University Preparatory Academy Psad High School
600 Antoinette St
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $16,143. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2018 Mcgraw St
What is the listing price of this property?
The listing price of 2018 Mcgraw St property is $6,500.
What type of property is this?
The property 2018 Mcgraw St is land located in Detroit, Michigan, 48208.
Is this property for sale now?
Active Listing: 2018 Mcgraw St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2018 Mcgraw St in Detroit, MI and zip code 48208 in the Rosa Parks neighborhood. This home sits on a 0.09 acre lot. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $6,500.
Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. 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.
Disclaimer: 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. 
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
H&M
Burlington
Foot Locker
Boston Market
White Castle
Little Caesars
Honda
Kia
Dodge
Rhythmic Contemporary Hits
Urban Adult Contemporary