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4631 Meldrum St, Detroit, MI, 48207

$50,000

Home List Price

$594*

Closing Credit

4 Bedrooms
2 Full Baths
2,282 SqFt
$22/SqFt
House

Location

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4631 Meldrum St, Detroit$50,000

Buyer Closing Credits

$594*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1905
HeatingHot Water, Natural Gas
BasementYes
MLS #20240081804
Lot Size0.14 Acres
StatusActive

About 4631 Meldrum St

****Buy and hold, investor special, also Land Contract available*** Great opportunity in a booming neighborhood. Occupancy status is unknown to the seller. ARV of 240,000. "12.5 million was awarded to Detroit from USDOT and the state of Michigan to make the Gratiot corridor from 8 Mile Road to Downtown Detroit safer. - Sep 25, 2024." Land Cntrt Price: 60,000 / Land DWP: 30,000 / Land Int Rate: 0 / Land Payment: 1,000 / Land Cntrt Term: 30. This is part of a package deal or can be purchased separately. Other 2 from the package are 19662 Mitchell St, Detroit, and 18036 Mackay St, Detroit (Mackay St went under contract within a day, and Mitchell St went under contract within a day).

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1905
  • Living Area: 2,282 SqFt

Listing Office:

  • Office Name: IKONIK REALTY
  • Office Phone: (313) 240-1331
  • Listing Agent: Hasnat Khan

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: Gratiot Ave / Mt Elliott St

Price Information

Listing Price Info

Price Summary:

  • List Price: $50,000
  • Price Per SqFt: $22/SqFt

Tax Information:

  • Annual Amount: $267
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

4631 Meldrum St vs Detroit

53 DAYS ON ROCKET

+4 Days

$50,000

-$35K Less

$22/SqFt

-$46 Less

KEY TAKEAWAY

This property is $35K less than the Median Sold Price and $46/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: #20240081804

Listing Office:

  • Office Name: IKONIK REALTY
  • Office Phone: (313) 240-1331
  • Listing Agent: Hasnat Khan

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: 12/21/2024, 11:56:02 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 22, 2008Home Sold
$18,000

Tax History

YEARPROP. TAXASSESSMENT
2021$267$16,600
2020$489$17,300
2018$489$11,800
2017$488$13,000

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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-822048
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 1.41 miles

  • Public Charter Grades KG-5

school-card-donut-822049
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.77 miles

  • Public Charter Grades 2-4

school-card-donut-822050
1
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.93 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 $16,000. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4631 Meldrum St

What is the listing price of this property?

The listing price of 4631 Meldrum St property is $50,000.

What type of property is this?

The property 4631 Meldrum St is a house located in Detroit, Michigan, 48207.

Is this property for sale now?

Active Listing: 4631 Meldrum 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 $267 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 22, 2008 for $18,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4631 Meldrum St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4631 Meldrum St is 2,282 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4631 Meldrum St is 1905.

Rocket Homes›Michigan›Wayne County›Detroit›48207›4631 Meldrum St

This home is located at 4631 Meldrum St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This 2,282 square foot home, which was built in 1905, sits on a 0.14 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 29, 2024 and is currently priced at $50,000.

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. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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