Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. 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 and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Property Details
Property Features
Property Information:
Architectural Style: UpperLowerApartment
Year Built: 1912
Living Area: 2,878 SqFt
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II, Patricia A Phillips
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Parking Information:
Attached Garage: No
Parking: OnStreet
Lot Features
Lot Information:
Lot Size: 0.07 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Radiant
Other
Directions Information:
Directions: i 94 east to mt elliot go south to meldrum go east
Price Information
Listing Price Info
Price Summary:
List Price: $4,250
Price Per SqFt: $1/SqFt
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $80.7K less than the Median Sold Price and $67/SqFt less 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: #2210096678
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II, Patricia A Phillips
Disclaimer: 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.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school1.40 miles
Public Charter Grades KG-5
2
/10
Oakland International Academy Elementary School
4001 Miller St
Distance between this listing and this school1.79 miles
Public Charter Grades 2-4
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school1.92 miles
Public Charter Grades KG-5
Nearby Schools
7
/10
The James and Grace Lee Boggs School
4141 Mitchell St
Distance between this listing and this school0.64 miles
Public Charter Grades KG-8
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school1.10 miles
Public Charter Grades KG-8
2
/10
Garvey Academy
2301 Van Dyke St
Distance between this listing and this school1.30 miles
Public District Grades PK-8
Nearby Schools
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school1.32 miles
Public Charter Grades 9-12
1
/10
Covenant House Academy Detroit East Site
9100 Gratiot Ave Ste 101
Distance between this listing and this school1.67 miles
Public Charter Grades 9-12
3
/10
Martin Luther King Jr. Senior High School
3200 E Lafayette St
Distance between this listing and this school1.80 miles
The neighbors living near this home have an average income of $16,000. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 4613 Meldrum St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This 2,878 square foot home, which was built in 1912, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 24, 2021 and is currently priced at $4,250.
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. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. 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.