7 months on rocket

3525 Porter St, Detroit, MI, 48216

$8,000

0.06 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240024432
Lot Size0.06 Acres
StatusActive

About 3525 Porter St

Great build opportunity located in the heart of Mexicantown, and close Detroit's Corktown, social district, and the newly renovated Ford train station. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. 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 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 abatements that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Details

Property Features

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Other

Directions Information:

  • Directions: E. of 25th, South Side of Porter

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,000
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

3525 Porter St vs Detroit

230 DAYS ON ROCKET

+181 Days

$8,000

-$77K Less

KEY TAKEAWAY

This property is $77K 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: #20240024432

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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: 12/4/2024, 2:20:57 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

$107

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$90

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Rocket Mortgage

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-30242
2
/10
  • Maybury Elementary School

  • 4410 Porter St

  • 0.54 miles

  • Public District Grades PK-5

school-card-donut-30243
1
/10
  • Roberto Clemente Learning Academy

  • 1551 Beard St

  • 1.78 miles

  • Public District Grades PK-5

school-card-donut-30244
2
/10
  • Academy of the Americas at Logan

  • 3811 Cicotte St

  • 1.99 miles

  • Public District Grades KG-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $11,941. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3525 Porter St

What is the listing price of this property?

The listing price of 3525 Porter St property is $8,000.

What type of property is this?

The property 3525 Porter St is land located in Detroit, Michigan, 48216.

Is this property for sale now?

Active Listing: 3525 Porter St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 3525 Porter St is 0.06 acres.
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Rocket HomesMichiganWayne CountyDetroit482163525 Porter St

This home is located at 3525 Porter St in Detroit, MI and zip code 48216 in the Near West neighborhood. This home sits on a 0.06 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $8,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of listings 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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