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2932 Elmwood St, Detroit, MI, 48207

$50,000

Home List Price

$594*

Closing Credit

2 Full Baths
2,418 SqFt
$21/SqFt
Multi

Location

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2932 Elmwood St, Detroit$50,000

Buyer Closing Credits

$594*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1890
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240087322
Lot Size0.07 Acres
StatusActive

About 2932 Elmwood St

Welcome to this great Duplex ready to be renovated all of the hard work was done as this property has been stripped down to its studs. This multi unit features two three bedroom units with each unit having a full bath. This duplex is also mins from downtown with tons of potential. Please be advise all measurements are estimated.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1890
  • Living Area: 2,418 SqFt

Listing Office:

  • Office Name: Exit Ahead Realty
  • Office Phone: (810) 347-5354
  • Listing Agent: Jefferson J Beckles

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Take Gratiot to Arndt make a right onto Elmwood

Price Information

Listing Price Info

Price Summary:

  • List Price: $50,000
  • Price Per SqFt: $21/SqFt

Tax Information:

  • Annual Amount: $985
  • 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

2932 Elmwood St vs Detroit

1 DAY ON ROCKET

-44 Days

$50,000

-$35K Less

$21/SqFt

-$53 Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price and $53/SqFt less 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: #20240087322

Listing Office:

  • Office Name: Exit Ahead Realty
  • Office Phone: (810) 347-5354
  • Listing Agent: Jefferson J Beckles

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: 11/24/2024, 7:20:52 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$985$8,100
2020$647$8,100
2018$647$6,900
2017$647$6,700

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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-1111778
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.59 miles

  • Public Charter Grades KG-5

school-card-donut-1111779
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.07 miles

  • Public Charter Grades KG-5

school-card-donut-1111780
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.28 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,098. The most common annual income of people living in Detroit, MI is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48207›2932 Elmwood St

This home is located at 2932 Elmwood St in Detroit, MI and zip code 48207 in the McDougall-Hunt neighborhood. This 2,418 square foot home, which was built in 1890, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $50,000.

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. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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