Prime vacant lot located in the highly sought-after Islandview neighborhood! This 0.10-acre lot offers a fantastic opportunity to build your dream home or investment property. Ideally situated just minutes from Belle Isle, the Detroit Riverwalk, and downtown, you'll enjoy the perfect blend of peaceful residential living with easy access to the vibrant city life. Don’t miss out on this great location with plenty of potential for future development! The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and our Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. Please note that the DLBA 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 abatement 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 abatement on the purchase and development financing.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
Lot Features
Lot Information:
Lot Size: 0.05 Acres
Other
Directions Information:
Directions: North of Jefferson Avenue, East of Mount Elliott
Price Information
Listing Price Info
Price Summary:
List Price: $35,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $50K less than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240073928
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$242
Per Month
Principal & Interest
$175
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$171
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school0.60 miles
Public District Grades KG-5
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school1.28 miles
Public Charter Grades KG-5
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school1.30 miles
Public Charter Grades KG-5
Nearby Schools
1
/10
Bunche Preparatory Academy
2715 Macomb St
Distance between this listing and this school1.24 miles
Public District Grades PK-8
1
/10
Detroit Academy of Arts and Sciences Middle School
2985 E Jefferson Ave
Distance between this listing and this school1.30 miles
Public Charter Grades 6-8
5
/10
Detroit Edison Public School Academy
1903 Wilkins St
Distance between this listing and this school1.42 miles
Public Charter Grades PK-8
Nearby Schools
4
/10
Way Michigan
407 E Fort St Ste 201
Distance between this listing and this school0.18 miles
Public Charter Grades 6-12
3
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school1.10 miles
Public Charter Grades 9-12
9
/10
Cass Technical High School
2501 2nd Ave
Distance between this listing and this school1.16 miles
The neighbors living near this home have an average income of $40,176. Typical income of Detroit, MI residents is less than $35k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 471 Jefferson
What is the listing price of this property?
The listing price of 471 Jefferson property is $35,000.
What type of property is this?
The property 471 Jefferson is land located in Detroit, Michigan, 48207.
Is this property for sale now?
Active Listing: 471 Jefferson is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 471 Jefferson in Detroit, MI and zip code 48207 in the Central Business District neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $35,000.
Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. The number of homes for sale 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.
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. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Music Concerts
Art Museums
Banana Republic
H&M
Bloomingdales
Jack In The Box
Chipotle
Starbucks
Toyota
Volkswagen
Audi
Jazz
Rhythmic Contemporary Hits
News