1 year on rocket

2705 Mount Elliott St, Detroit, MI, 48207

$38,404

0.10 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #20230047588
Lot Size0.10 Acres
StatusActive

About 2705 Mount Elliott St

This property is sold as a bundle of 5 with 2709 ,2715 ,2729, 2735 Mt Elliot, totaling= 19,202 sqft. Not sold separately. Property zoned at R4.The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. 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 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 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. BATVAI. Please see attached documents for DLBA guidelines.

Property Details

Property Features

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Other

Directions Information:

  • Directions: TAKE VERNOR HEADED EAST, PASS MCDOUGAL , TAKE DOWN TO MOUNT ELLOIT MAKEE A LEFT .

Price Information

Listing Price Info

Price Summary:

  • List Price: $38,404
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

2705 Mount Elliott St vs Detroit

555 DAYS ON ROCKET

+506 Days

$38,404

-$46.6K Less

KEY TAKEAWAY

This property is $46.6K 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: #20230047588

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

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: 12/23/2024, 3:21:02 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 - -

History based on county public records data.

Payment Calculator

$259

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$182

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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-1135918
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.86 miles

  • Public Charter Grades KG-5

school-card-donut-1135919
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.12 miles

  • Public Charter Grades KG-5

school-card-donut-1135920
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.50 miles

  • Public District 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. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2705 Mount Elliott St

What is the listing price of this property?

The listing price of 2705 Mount Elliott St property is $38,404.

What type of property is this?

The property 2705 Mount Elliott St is land located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 2705 Mount Elliott St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 2705 Mount Elliott St is 0.10 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48207›2705 Mount Elliott St

This home is located at 2705 Mount Elliott St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This home sits on a 0.10 acre lot. It has been listed on Rocket Homes since June 16, 2023 and is currently priced at $38,404.

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 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.

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