3 months on rocket

309 Richter St, River Rouge, MI, 48218

$55,000

Home List Price

$653*

Closing Credit

2 Full Baths
1,629 SqFt
$34/SqFt
Multi

Location

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309 Richter St, River Rouge$55,000

Buyer Closing Credits

$653*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240055063
Lot Size0.07 Acres
StatusActive

About 309 Richter St

Welcome to this 2-family home that shows excellent potential. Located in a convenient neighborhood near schools, parks, and public transport. Buyer to assume city required repairs. Sold as-is. BATVAI.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1925
  • Stories: 2
  • Living Area: 1,629 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Erika Hernandez

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, Hot Water

Other

Directions Information:

  • Directions: S of COOLIDGE/E of JEFFERSON

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000
  • Price Per SqFt: $34/SqFt

Tax Information:

  • Annual Amount: $3,686
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in River Rouge, MI.

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River Rouge, MI

City

Med. Sold Price

$90K

Med. Price/SqFt

$76

Avg. Days On Market

10

# of Sold Homes

3

309 Richter St vs River Rouge

115 DAYS ON ROCKET

+105 Days

$55,000

-$35K Less

$34/SqFt

-$42 Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price and $42/SqFt less than other homes in River Rouge, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240055063

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (313) 277-7777
  • Listing Agent: Erika Hernandez

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, 3:20:53 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$3,686$24,800
2020$5,346$21,000
2018$5,346$17,200
2017$1,813$17,900

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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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-340125
2
/10

  • Ann Visger Elementary School

  • 11121 W Jefferson Ave

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-340126
1
/10

  • Ralph J. Bunche Academy

  • 503 Hyacinthe St

  • 1.35 miles

  • Public District Grades PK-3

school-card-donut-340127
2
/10

  • Raupp Elementary School

  • 1351 Ethel Ave

  • 2.09 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,158. The most common annual income of people living in River Rouge, MI is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›River Rouge›48218›309 Richter St

This home is located at 309 Richter St in River Rouge, MI and zip code 48218. This 1,629 square foot home, which was built in 1925, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since July 29, 2024 and is currently priced at $55,000.

In October 2024 more than 2 listings in River Rouge, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. Between September 2024 and October 2024, River Rouge, MI real estate market has seen increase in the number of listings by 20.7%. The median list price of listings available in October 2024 was $90,000, while the average time on the real estate market was 10 days.

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

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