2 months on rocket

255 E Ferry St, Detroit, MI, 48202

$499,000

Home List Price

$5,926*

Closing Credit

5 Bedrooms
2 Full Baths, 3 Partial
3,406 SqFt
$147/SqFt
House

Location

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255 E Ferry St, Detroit$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1890
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240066863
Lot Size0.26 Acres
StatusActive

About 255 E Ferry St

Ferry Park Historic District: This stately Victorian home, situated on the renowned Historic Ferry Avenue, offers a prime location just steps away from cultural gems like Bas Bleu, CCS (College for Creative Studies), the Detroit Institute of Arts, and much more. While the exterior maintains its timeless charm, the interior is in need of a complete renovation, presenting a blank canvas for restoration enthusiasts. With its ample space and classic design, this property is an exceptional opportunity for investors to transform it into luxury condominiums or multifamily rentals, capitalizing on the neighborhood's growth and appeal.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1890
  • Stories: 3
  • Living Area: 3,406 SqFt

Listing Office:

  • Office Name: @properties Christie's Int'l RE Northville
  • Office Phone: (248) 850-8632
  • Listing Agent: Kevin M Hill

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: 94 to John R, south to Kirby, turn left

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $147/SqFt

Tax Information:

  • Annual Amount: $1,339
  • 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

255 E Ferry St vs Detroit

70 DAYS ON ROCKET

+25 Days

$499,000

+$414K More

$147/SqFt

+$73 More

KEY TAKEAWAY

This property is $414K more than the Median Sold Price and $73/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: #20240066863

Listing Office:

  • Office Name: @properties Christie's Int'l RE Northville
  • Office Phone: (248) 850-8632
  • Listing Agent: Kevin M Hill

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: 11/22/2024, 4:20:53 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$1,339$382,600
2020$869$391,000
2018$869$8,900
2017$881$8,900

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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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-516473
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.51 miles

  • Public Charter Grades KG-5

school-card-donut-516474
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.66 miles

  • Public Charter Grades KG-5

school-card-donut-516475
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.97 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 $34,063. The majority of Detroit, MI residents have income less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 255 E Ferry St

What is the listing price of this property?

The listing price of 255 E Ferry St property is $499,000.

What type of property is this?

The property 255 E Ferry St is a house located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 255 E Ferry 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 $1,339 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 255 E Ferry St has 5 bedrooms and 2 full and 3 half bathrooms.

What is the square footage of this property?

The property 255 E Ferry St is 3,406 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 255 E Ferry St is 1890.

Rocket Homes›Michigan›Wayne County›Detroit›48202›255 E Ferry St

This home is located at 255 E Ferry St in Detroit, MI and zip code 48202 in the East Ferry Ave. Homes neighborhood. This 3,406 square foot home, which was built in 1890, sits on a 0.26 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $499,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 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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