Coming Soon

510 W University Dr, Rochester, MI, 48307

$400,000

0.18 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240085685
Lot Size0.18 Acres
Active DateNovember 16, 2024
StatusComing Soon

About 510 W University Dr

Seize this rare opportunity to bring your vision to life on a prime piece of land in the heart of Rochester! The existing structure has been demolished and cleared, making it a perfect blank canvas ready for you to create your ideal commercial or office space. Situated just a short stroll from downtown Rochester's vibrant shops and attractions, this lot offers an unbeatable location for a new build. This property presents immense potential for anyone looking to establish a thriving business in a high-visibility area. This investment is in an ideal spot to capitalize on Rochester’s growth and charm. Don’t let this chance slip by—make an offer today and build your future!

Property Details

Property Features

Listing Office:

  • Office Name: LoChirco Realty, LLC
  • Office Phone: (248) 895-9429
  • Listing Agent: Evan Bassy

Lot Features

Lot Information:

  • Lot Size: 0.18 Acres

Other

Directions Information:

  • Directions: N of University / West of Main. Park in parking lot to the East side of the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000

Tax Information:

  • Annual Amount: $4,133
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rochester, MI.

Med. Sold Price

$548.1K

Med. Price/SqFt

$231

Avg. Days On Market

30

# of Sold Homes

44

510 W University Dr vs Rochester

$400,000

-$148.1K Less

KEY TAKEAWAY

This property is $148.1K less than the Median Sold Price in Rochester, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240085685

Listing Office:

  • Office Name: LoChirco Realty, LLC
  • Office Phone: (248) 895-9429
  • Listing Agent: Evan Bassy

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: 11/15/2024, 1:20:53 PM 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$4,133$110,600
2020$4,078$102,510
2018$4,041$90,720
2017$3,961$82,970

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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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-425040
5
/10
  • McGregor Elementary School

  • 1101 1st St

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-425041
9
/10
  • North Hill Elementary School

  • 1385 Mahaffy Ave

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-425042
8
/10
  • Long Meadow Elementary School

  • 450 Allston Dr

  • 1.13 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $40,808. Residents of Rochester, MI typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 510 W University Dr

What is the listing price of this property?

The listing price of 510 W University Dr property is $400,000.

What type of property is this?

The property 510 W University Dr is land located in Rochester, Michigan, 48307.

Is this property for sale now?

Coming Soon: 510 W University Dr is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,133 (source: MLS/based on county public records data).

How much acreage is this property?

The property 510 W University Dr is 0.18 acres.
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Rocket HomesMichiganOakland CountyRochester48307510 W University Dr

This home is located at 510 W University Dr in Rochester, MI and zip code 48307. This home sits on a 0.18 acre lot. It has been listed on Rocket Homes since November 13, 2024 and is currently priced at $400,000.

While more than 15 listings in Rochester, MI in October 2024 were sold above asking price, there were more than 9 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in Rochester, MI between September 2024 and October 2024 increased by 17.3%. While the average time on the market in October 2024 was 30 days, the median list price was $548,166.

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

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