Great property for infill building located in the Jefferson Chalmers NEZ site. Buyer must submit an app to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF OR Pre- App letter on a new construction loan. This property is within walking distance to the Q-Line and New Center Area. 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 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. Please see attached documents for DLBA requirements and offer submission information. BATVAI
Property Details
Property Features
Listing Office:
Office Name: RCH Brokerage Legacy Inc
Office Phone: (248) 440-2268
Listing Agent: Leonard A Pickett III, Clarence R Wilson
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Other
Directions Information:
Directions: TAKE JEFFERSON HEADED EAST PASS CONNER. MAKE RIGHT ONTO LAKEWOOD ON CORNER OF ESSEX
Price Information
Listing Price Info
Price Summary:
List Price: $10,000
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $75K 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: #20240043034
Listing Office:
Office Name: RCH Brokerage Legacy Inc
Office Phone: (248) 440-2268
Listing Agent: Leonard A Pickett III, Clarence R Wilson
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
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school1.19 miles
Public District Grades KG-5
1
/10
Marvin L Winans Academy Elementary School
9740 McKinney St
Distance between this listing and this school3.29 miles
Public Charter Grades KG-5
1
/10
Wayne Elementary School
10633 Courville St
Distance between this listing and this school3.49 miles
Public District Grades PK-5
Nearby Schools
2
/10
Carstens Elementary-Middle School
13000 Essex Ave
Distance between this listing and this school0.35 miles
Public District Grades PK-8
3
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school0.67 miles
Public Charter Grades KG-8
9
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school1.13 miles
Public District Grades 6-8
Nearby Schools
4
/10
Davis Aerospace Technical High School at Golightly
900 Dickerson St
Distance between this listing and this school0.54 miles
Public District Grades 9-12
2
/10
Pathways Academy
11340 E Jefferson Ave
Distance between this listing and this school1.44 miles
Public Charter Grades 7-12
3
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.91 miles
The neighbors living near this home have an average income of $38,804. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 503 Lakewood St
What is the listing price of this property?
The listing price of 503 Lakewood St property is $10,000.
What type of property is this?
The property 503 Lakewood St is land located in Detroit, Michigan, 48215.
Is this property for sale now?
Active Listing: 503 Lakewood St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 503 Lakewood St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This home sits on a 0.12 acre lot. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $10,000.
While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. 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.
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. 
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