2 months on rocket

487 Philip St, Detroit, MI, 48215

$274,900

Home List Price

$3,264*

Closing Credit

2 Full Baths
1,952 SqFt
$141/SqFt
Multi

Location

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487 Philip St, Detroit$274,900

Buyer Closing Credits

$3,264*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1919
HeatingENERGY STAR Qualified Equipment, Forced Air, Natural Gas
BasementYes
MLS #20240072122
Lot Size0.12 Acres
StatusActive

About 487 Philip St

GREAT INCOME PROPERTY. LOCATED IN A HIGHLY UPCOMING DESIREABLE AREA. PROPERTY HAS BEEN REHAB FROM TOP TO BOTTOM. (AS YOU CAN SEE IN THE PHOTO'S) IMPECCABLY PUT TOGETHER. IT WAS RECENTLY USED AS AN AIRBNB. BOTH UNITS ARE TOTALLY FINISHED AND ALL FURNITURE AND APPLIANCES WILL REMAIN. WALK RIGHT INTO A GREAT INVESTMENT. TURNKEY READY

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1919
  • Living Area: 1,952 SqFt

Listing Office:

  • Office Name: Estate #1 Realty Group LLC
  • Office Phone: (248) 416-3936
  • Listing Agent: Michael A Eaton

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: ENERGY STAR Qualified Equipment, Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Take Jefferson east to Philip go south to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $274,900
  • Price Per SqFt: $141/SqFt

Tax Information:

  • Annual Amount: $478
  • 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

487 Philip St vs Detroit

88 DAYS ON ROCKET

+39 Days

$274,900

+$189.8K More

$141/SqFt

+$73 More

KEY TAKEAWAY

This property is $189.8K more than the Median Sold Price and $73/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: #20240072122

Listing Office:

  • Office Name: Estate #1 Realty Group LLC
  • Office Phone: (248) 416-3936
  • Listing Agent: Michael A Eaton

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: 12/22/2024, 4:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 25, 2008Home Sold
$69,684
Jan 09, 2004Home Sold
$80,000

Tax History

YEARPROP. TAXASSESSMENT
2021$478$3,100
2020$478 -
2018$478$1,600

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-872179
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.09 miles

  • Public District Grades KG-5

school-card-donut-872180
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 3.23 miles

  • Public Charter Grades KG-5

school-card-donut-872181
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 3.46 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 $29,615. Residents of Detroit, MI typically earn less than $35k each year. The majority of 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

Rocket Homes›Michigan›Wayne County›Detroit›48215›487 Philip St

This home is located at 487 Philip St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,952 square foot home, which was built in 1919, sits on a 0.12 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $274,900.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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