2 months on rocket

414 Horton St, Detroit, MI, 48202

$275,000

Home List Price

$3,266*

Closing Credit

4 Bedrooms
3 Full Baths
2,581 SqFt
$107/SqFt
House

Location

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414 Horton St, Detroit$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1906
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240063139
Lot Size0.07 Acres
StatusActive

About 414 Horton St

Lucrative investment opportunity in the North End on Horton Street with a side lot. Former single family home converted to three apartment units. Each unit has rough plumbing, rough electrical, and HVAC completed, along with newer roof and windows. Each unit has two entrances, individual rear decks, and space for mechanicals. Common basement envisioned as shared space for laundry and storage. First floor is a large one bedroom with original brick fireplace in the living room. Second floor is a 2 bedroom apartment. Third floor can be used as one bedroom or studio. Architectural drawings for the project included with the sale and drawings have been approved by city of Detroit. Current market rents have a projected gross monthly income of $5k. Several new construction multifamily and single family buildings on the same street and block. 3 unit multifamily buildings have been built in the neighborhood on the same lot size as the side lot included in the sale. Side lot address is 420 Horton. Truly a premier investment opportunity - location, location, location!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1906
  • Stories: 1
  • Living Area: 2,581 SqFt

Listing Office:

  • Office Name: @properties Christie's Int'l R.E. Detroit
  • Office Phone: (313) 230-0510
  • Listing Agent: Gustaf Andreasen

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: E Grand Blvd to Brush to Horton

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $850
  • 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

414 Horton St vs Detroit

81 DAYS ON ROCKET

+36 Days

$275,000

+$190K More

$107/SqFt

+$33 More

KEY TAKEAWAY

This property is $190K more than the Median Sold Price and $33/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: #20240063139

Listing Office:

  • Office Name: @properties Christie's Int'l R.E. Detroit
  • Office Phone: (313) 230-0510
  • Listing Agent: Gustaf Andreasen

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: 11/17/2024, 12:20:53 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$850$15,800
2020$1,087$14,900
2018$1,087$9,900
2017$1,082$9,600

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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-469645
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.55 miles

  • Public Charter Grades KG-5

school-card-donut-469646
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.86 miles

  • Public Charter Grades KG-5

school-card-donut-469647
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.56 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 $22,545. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 414 Horton St

What is the listing price of this property?

The listing price of 414 Horton St property is $275,000.

What type of property is this?

The property 414 Horton St is a house located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 414 Horton St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $850 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 414 Horton St has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 414 Horton St is 2,581 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 414 Horton St is 1906.

Rocket Homes›Michigan›Wayne County›Detroit›48202›414 Horton St

This home is located at 414 Horton St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 2,581 square foot home, which was built in 1906, sits on a 0.07 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $275,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while 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%. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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