7 months on rocket

3196 Lockwood St, Detroit, MI, 48210

$8,500

Home List Price

$101*

Closing Credit

2 Bedrooms
2 Full Baths
2,000 SqFt
$4/SqFt
House

Location

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3196 Lockwood St, Detroit$8,500

Buyer Closing Credits

$101*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1905
HeatingHot Water, Natural Gas
BasementYes
MLS #20240034677
Lot Size0.10 Acres
StatusActive

About 3196 Lockwood St

Great for experienced investors. 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

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1905
  • Living Area: 2,000 SqFt

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: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: TAKE MICHIGAN AVE HEADED EAST PASS JUNCTION MAKE RIGHT ONTO LOCKWOOD

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,500
  • Price Per SqFt: $4/SqFt
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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

$85.9K

Med. Price/SqFt

$68

Avg. Days On Market

46

# of Sold Homes

390

3196 Lockwood St vs Detroit

229 DAYS ON ROCKET

+183 Days

$8,500

-$77.4K Less

$4/SqFt

-$65 Less

KEY TAKEAWAY

This property is $77.4K less than the Median Sold Price and $65/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: #20240034677

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 © 2025 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: 1/7/2025, 2:21:02 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

$110

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$92

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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-793307
2
/10

  • Academy of the Americas at Logan

  • 3811 Cicotte St

  • 0.80 miles

  • Public District Grades KG-3

school-card-donut-793308
1
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 0.96 miles

  • Public Charter Grades 3-5

school-card-donut-793309
2
/10

  • Maybury Elementary School

  • 4410 Porter St

  • 1.03 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,600. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3196 Lockwood St

What is the listing price of this property?

The listing price of 3196 Lockwood St property is $8,500.

What type of property is this?

The property 3196 Lockwood St is a house located in Detroit, Michigan, 48210.

Is this property for sale now?

Active Listing: 3196 Lockwood St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3196 Lockwood St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 3196 Lockwood St is 2,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3196 Lockwood St is 1905.

Rocket Homes›Michigan›Wayne County›Detroit›48210›3196 Lockwood St

This home is located at 3196 Lockwood St in Detroit, MI and zip code 48210 in the Near West neighborhood. This 2,000 square foot home, which was built in 1905, sits on a 0.10 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 22, 2024 and is currently priced at $8,500.

In December 2024 more than 91 listings in Detroit, MI were sold above the asking price. During the same period more than 68 listings were sold at asking price, while more than 231 were sold below. In December 2024 in Detroit, MI there were 0.2% more homes for sale than in November 2024. Listings spent 46 days on the market in December 2024, and had a median list price of $85,917 during the same period.

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

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