3 months on rocket

3520 Mount Elliott St, Detroit, MI, 48207

$15,000

0.11 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240059649
Lot Size0.11 Acres
StatusActive

About 3520 Mount Elliott St

This newest listing is offered by the Detroit Land Bank. This commercial vacant lot is located in the Islandview neighborhood. Great blank space for you to imagine and create your future business endeaver. Located minutes from the hustle and bustle of Downtown Detroit. This lot is on The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. 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 DLBA 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.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: East of Gratiot, South of Mack

Price Information

Listing Price Info

Price Summary:

  • List Price: $15,000
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

3520 Mount Elliott St vs Detroit

100 DAYS ON ROCKET

+55 Days

$15,000

-$70K Less

KEY TAKEAWAY

This property is $70K 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: #20240059649

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

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, 5:20:53 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 - -

History based on county public records data.

Payment Calculator

$142

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$111

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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-367830
3
/10
  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 0.97 miles

  • Public Charter Grades KG-5

school-card-donut-367831
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.38 miles

  • Public Charter Grades KG-5

school-card-donut-367832
8
/10
  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.66 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $18,173. Residents of Detroit, MI typically earn less than $35k each year. Residents typically live in single, no kids family. 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 3520 Mount Elliott St

What is the listing price of this property?

The listing price of 3520 Mount Elliott St property is $15,000.

What type of property is this?

The property 3520 Mount Elliott St is land located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 3520 Mount Elliott St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 3520 Mount Elliott St is 0.11 acres.
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Rocket HomesMichiganWayne CountyDetroit482073520 Mount Elliott St

This home is located at 3520 Mount Elliott St in Detroit, MI and zip code 48207 in the McDougall-Hunt neighborhood. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $15,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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