6 months on rocket

250 Eliot St, Detroit, MI, 48201

$800,000

Home List Price

$9,500*

Closing Credit

12 Bedrooms
12 Full Baths, 6 Partial
7,823 SqFt
$102/SqFt
House

Location

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250 Eliot St, Detroit$800,000

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1923
HeatingOther
BasementYes
MLS #20240032545
Lot Size0.16 Acres
StatusActive

About 250 Eliot St

Located in the thriving Brush Park neighborhood, 250 Eliot offers an amazing re-development opportunity. The existing duplex is positioned to be converted into a multi unit complex consisting of six two bedroom units with the potential for a roof top terrace providing spectacular views of the city. The property also has clean alley access allowing the construction of a five car garage with an additional apartment above. The property is located in a NEZ rehabilitation zone providing significant property tax savings if approved. Filing for the NEZ has been initiated. The building has been gutted to the studs. Proceed with extreme caution when touring the property. BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1923
  • Stories: 3
  • Living Area: 7,823 SqFt

Listing Office:

  • Office Name: Edge Realty, LLC
  • Office Phone: (248) 945-1200
  • Listing Agent: Lisa Virkus

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 6
  • Full Bathrooms: 12
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Other

Other

Directions Information:

  • Directions: East of Woodward South of Mack

Price Information

Listing Price Info

Price Summary:

  • List Price: $800,000
  • Price Per SqFt: $102/SqFt

Tax Information:

  • Annual Amount: $8,810
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

250 Eliot St vs Detroit

190 DAYS ON ROCKET

+145 Days

$800,000

+$715K More

$102/SqFt

+$28 More

KEY TAKEAWAY

This property is $715K more than the Median Sold Price and $28/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: #20240032545

Listing Office:

  • Office Name: Edge Realty, LLC
  • Office Phone: (248) 945-1200
  • Listing Agent: Lisa Virkus

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, 5:20:53 PM 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$8,810$350,100
2020$5,364$342,700
2018$5,364$94,400
2017$5,331$81,400

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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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-372333
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.21 miles

  • Public Charter Grades KG-5

school-card-donut-372334
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-372335
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.51 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 $24,667. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 250 Eliot St

What is the listing price of this property?

The listing price of 250 Eliot St property is $800,000.

What type of property is this?

The property 250 Eliot St is a house located in Detroit, Michigan, 48201.

Is this property for sale now?

Active Listing: 250 Eliot St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,810 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 250 Eliot St has 12 bedrooms and 12 full and 6 half bathrooms.

What is the square footage of this property?

The property 250 Eliot St is 7,823 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 250 Eliot St is 1923.

Rocket Homes›Michigan›Wayne County›Detroit›48201›250 Eliot St

This home is located at 250 Eliot St in Detroit, MI and zip code 48201 in the Downtown neighborhood. This 7,823 square foot home, which was built in 1923, sits on a 0.16 acre lot. Features: 12 bedrooms, 18 bathrooms. It has been listed on Rocket Homes since May 15, 2024 and is currently priced at $800,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

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