6 months on rocket

3531 2nd Ave, Detroit, MI, 48201

$499,999

Home List Price

$5,937*

Closing Credit

4 Full Baths, 1 Partial
3,500 SqFt
$143/SqFt
Multi

Location

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3531 2nd Ave, Detroit$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1925
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s)
BasementYes
MLS #20240035178
Lot Size0.04 Acres
StatusActive

About 3531 2nd Ave

Outstanding Opportunity ! Are you Looking For a Great Investment ? Look no further ** Beautifully remodeled multifamily home sits right in the heart of Midtown. One unit has 3 bedrooms 2 full baths **and a lav 2nd unit has 2 bedrooms and 1.5 baths**. Home is located Near the Arena's, the Q-line and short distaance walk to Wayne State University. Both units have basements, granite counter tops, new cabinets,new windows, refinished hardwood flooring, Close to Shopping, Eateries, coffee shops and recreational facilitles. Both units are occupied .

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex, Townhouse
  • Year Built: 1925
  • Stories: 1
  • Living Area: 3,500 SqFt

Listing Office:

  • Office Name: Source Realty LLC
  • Office Phone: (734) 285-0300
  • Listing Agent: Paul S Zulewski Jr

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Security Alarm (owned)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Entry, Fenced

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: North on 2nd Ave East of Martin Luther King Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $143/SqFt

Tax Information:

  • Annual Amount: $2,302
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

3531 2nd Ave vs Detroit

182 DAYS ON ROCKET

+137 Days

$499,999

+$414.9K More

$143/SqFt

+$69 More

KEY TAKEAWAY

This property is $414.9K more than the Median Sold Price and $69/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: #20240035178

Listing Office:

  • Office Name: Source Realty LLC
  • Office Phone: (734) 285-0300
  • Listing Agent: Paul S Zulewski Jr

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

Listing History

Apr 09, 2018Home Sold
$575,000
Jan 18, 2016Home Sold
$375,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,302$57,400
2020$722$52,000
2018$722$18,300
2017$720$12,200

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-380056
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.33 miles

  • Public Charter Grades KG-5

school-card-donut-380057
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.47 miles

  • Public Charter Grades KG-5

school-card-donut-380058
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 1.59 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,833. Typical income of Detroit, MI residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48201›3531 2nd Ave

This home is located at 3531 2nd Ave in Detroit, MI and zip code 48201 in the Downtown neighborhood. This 3,500 square foot home, which was built in 1925, sits on a 0.04 acre lot. Features: 5 bathrooms. It has been listed on Rocket Homes since May 23, 2024 and is currently priced at $499,999.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

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