23 days on rocket

2525 Meldrum St, Detroit, MI, 48207

$10,500

0.09 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240073912
Lot Size0.09 Acres
StatusActive

About 2525 Meldrum St

This newest listing is offered by the Detroit Land Bank. This residential vacant lot is located in the Islandview neighborhood. Located minutes from the hustle and bustle of Downtown Detroit. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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 DLBA 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 abatement 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 abatement on the purchase and development financing.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Other

Directions Information:

  • Directions: South of Charlevoix Street, East of Mt Elliott Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,500
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Housing Market Comparison

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

Med. Sold Price

$84.9K

Med. Price/SqFt

$72

Avg. Days On Market

45

# of Sold Homes

404

2525 Meldrum St vs Detroit

23 DAYS ON ROCKET

-22 Days

$10,500

-$74.4K Less

KEY TAKEAWAY

This property is $74.4K 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: #20240073912

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

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: 10/31/2024, 8:20:53 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 - -

History based on county public records data.

Payment Calculator

$120

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$98

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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-854461
7
/10
  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 0.90 miles

  • Public Charter Grades KG-4

school-card-donut-854462
3
/10
  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 0.94 miles

  • Public Charter Grades KG-5

school-card-donut-854463
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.12 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,000. The majority of Detroit, MI residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2525 Meldrum St

What is the listing price of this property?

The listing price of 2525 Meldrum St property is $10,500.

What type of property is this?

The property 2525 Meldrum St is land located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 2525 Meldrum St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 2525 Meldrum St is 0.09 acres.
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Rocket HomesMichiganWayne CountyDetroit482072525 Meldrum St

This home is located at 2525 Meldrum St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This home sits on a 0.09 acre lot. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $10,500.

While more than 110 listings in Detroit, MI in September 2024 were sold above asking price, there were more than 73 listings sold at asking price, and more than 221 were sold below. In September 2024 in Detroit, MI there were 10.5% more homes for sale than in August 2024. In September 2024 median list price was $84,971 and the average listing age was 45 days.

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

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