5 months on rocket

3807 Clairmount St, Detroit, MI, 48206

$40,000

Home List Price

$475*

Closing Credit

0 Baths
Multi

Location

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3807 Clairmount St, Detroit$40,000

Buyer Closing Credits

$475*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1919
HeatingForced Air, Natural Gas
BasementYes
MLS #81024034692
Lot Size0.08 Acres
StatusActive

About 3807 Clairmount St

Seize this incredible investment opportunity with a multifamily property located in a highly desirable suburb of Detroit. This great income-producing property is priced to sell and offers substantial returns on investment.Key Features:Location: Situated in a good suburb of Detroit, providing a prime location for tenants seeking suburban living with easy access to the city's amenities.Income-Producing: This multifamily property is designed to generate consistent rental income, making it an ideal addition to your investment portfolio.Affordable Pricing: Priced at a low cost, this property offers significant value and potential for appreciation.Land Bank Terms: Subject to land bank terms, providing a unique investment opportunity with potential incentives and benefits.

Property Details

Property Features

Property Information:

  • Year Built: 1919

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Head southeast on I-96 E for 0.6 miles. Take exit 189 toward Tireman Ave/W Grand Blvd and merge onto I-96 Service Rd/Jeffries Fwy. Turn left onto Scotten St and continue onto Lothrop St. Turn left onto Dexter Ave and then left onto Clairmount Ave. Your destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
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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

3807 Clairmount St vs Detroit

161 DAYS ON ROCKET

+112 Days

$40,000

-$45K Less

KEY TAKEAWAY

This property is $45K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024034692

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

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: 12/18/2024, 8:21:08 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 - $1,800

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-4466130
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.83 miles

  • Public Charter Grades KG-5

school-card-donut-4466131
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.90 miles

  • Public District Grades KG-5

school-card-donut-4466132
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.18 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,400. Residents of Detroit, MI typically earn less than $35k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48206›3807 Clairmount St

This home is located at 3807 Clairmount St in Detroit, MI and zip code 48206 in the Rosa Parks neighborhood. This home, which was built in 1919, sits on a 0.08 acre lot. It has been listed on Rocket Homes since July 09, 2024 and is currently priced at $40,000.

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

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

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