12 days on rocket

4824 Cortland St, Detroit, MI, 48204

$15,000

Home List Price

$178*

Closing Credit

2 Full Baths
2,406 SqFt
$6/SqFt
Multi

Location

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4824 Cortland St, Detroit$15,000

Buyer Closing Credits

$178*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240079043
Lot Size0.09 Acres
StatusActive

About 4824 Cortland St

Welcome to this exciting new offering presented by the Detroit Land Bank! This multifamily home features two spacious units, providing an excellent investment opportunity. Ideal for investors ready to restore and revitalize, this property holds great potential for generating future income. Don't miss the chance to bring this home back to life and make it a valuable asset. This property is being sold as is. 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1926
  • Stories: 2
  • Living Area: 2,406 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: East of Livernois, North of Grand River Road

Price Information

Listing Price Info

Price Summary:

  • List Price: $15,000
  • Price Per SqFt: $6/SqFt
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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

4824 Cortland St vs Detroit

12 DAYS ON ROCKET

-33 Days

$15,000

-$70K Less

$6/SqFt

-$68 Less

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $68/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: #20240079043

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erick Monzo

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, 10:20:52 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 - -

History based on county public records data.

Payment Calculator

$142

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$111

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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-401502
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.63 miles

  • Public District Grades KG-5

school-card-donut-401503
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.32 miles

  • Public Charter Grades KG-5

school-card-donut-401504
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.48 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,030. The majority of Detroit, MI residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›4824 Cortland St

This home is located at 4824 Cortland St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This 2,406 square foot home, which was built in 1926, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $15,000.

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 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.

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