4 months on rocket

3114 S Electric St, Detroit, MI, 48217

$90,000

Home List Price

$1,069*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
880 SqFt
$102/SqFt
House

Location

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3114 S Electric St, Detroit$90,000

Buyer Closing Credits

$1,069*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1926
HeatingForced Air, Natural Gas
BasementYes
MLS #20240051734
Lot Size0.07 Acres
StatusActive

About 3114 S Electric St

**INVESTORS** Don’t miss this fantastic opportunity to add a reliable income-producing property to your portfolio. This charming 3-bedroom, 1.5-bath home is currently rented for $1,200 per month, providing consistent cash flow and a strong return on investment. Please do not disturb tenants, schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1926
  • Living Area: 880 SqFt

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Wael Nehme, Al Baydoun

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: S of Fort N of Outer Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $90,000
  • Price Per SqFt: $102/SqFt

Tax Information:

  • Annual Amount: $291
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

3114 S Electric St vs Detroit

139 DAYS ON ROCKET

+90 Days

$90,000

+$4.9K More

$102/SqFt

+$34 More

KEY TAKEAWAY

This property is $4.9K more than the Median Sold Price and $34/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: #20240051734

Listing Office:

  • Office Name: U.S. Investor Group
  • Office Phone: (313) 644-0034
  • Listing Agent: Wael Nehme, Al Baydoun

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: 12/22/2024, 4:21:07 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$291$4,165
2020$566$4,200
2018$566$3,900
2017$565$3,700

History based on county public records data.

Payment Calculator

$517

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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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-1013437
1
/10

  • Ralph J. Bunche Academy

  • 503 Hyacinthe St

  • 0.64 miles

  • Public District Grades PK-3

school-card-donut-1013438
2
/10

  • Lafayette Elementary School

  • 1360 Lafayette Blvd

  • 0.98 miles

  • Public District Grades PK-6

school-card-donut-1013439
2
/10

  • Raupp Elementary School

  • 1351 Ethel Ave

  • 1.00 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 $38,600. Typical income of Detroit, MI residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3114 S Electric St

What is the listing price of this property?

The listing price of 3114 S Electric St property is $90,000.

What type of property is this?

The property 3114 S Electric St is a house located in Detroit, Michigan, 48217.

Is this property for sale now?

Active Listing: 3114 S Electric 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 $291 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3114 S Electric St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 3114 S Electric St is 880 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3114 S Electric St is 1926.

Rocket Homes›Michigan›Wayne County›Detroit›48217›3114 S Electric St

This home is located at 3114 S Electric St in Detroit, MI and zip code 48217 in the Boynton / Oakwood neighborhood. This 880 square foot home, which was built in 1926, sits on a 0.07 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $90,000.

In November 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 55 listings were sold at asking price, while more than 247 were sold below. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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