2 months on rocket

Sale Pending

515 Mount Vernon St, Detroit, MI, 48202

$90,000

Home List Price

$1,069*

Closing Credit

4 Bedrooms
1 Full Bath
1,468 SqFt
$61/SqFt
House

Location

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515 Mount Vernon St, Detroit$90,000

Buyer Closing Credits

$1,069*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1910
HeatingForced Air, Natural Gas
BasementYes
FireplaceLivingRoom
MLS #5050157304
Lot Size0.08 Acres
StatusSale Pending
(Pending)

About 515 Mount Vernon St

Discover a fantastic investment opportunity with this spacious 4-bedroom home, perfect for those looking to rent or flip. This home could use some cosmetic TLC, but the property is in overall good condition. Currently tenant-occupied, it presents an immediate rental income opportunity, making it a smart choice for investors. Don't miss your chance to transform this large home into your dream property or a profitable addition to your portfolio! This home is in process of a quiet title.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1910
  • Living Area: 1,468 SqFt

Listing Office:

  • Office Name: Elite Real Estate Professionals, Inc.
  • Office Phone: (810) 715-5486
  • Listing Agent: Keelie Aldridge

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: LivingRoom

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $90,000
  • Price Per SqFt: $61/SqFt

Tax Information:

  • Annual Amount: $1,388
  • 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

515 Mount Vernon St vs Detroit

77 DAYS ON ROCKET

+28 Days

$90,000

+$4.9K More

$61/SqFt

-$7 Less

KEY TAKEAWAY

This property is $4.9K more than the Median Sold Price and $7/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Central Association of REALTORS
  • MLS Number: #5050157304

Listing Office:

  • Office Name: Elite Real Estate Professionals, Inc.
  • Office Phone: (810) 715-5486
  • Listing Agent: Keelie Aldridge

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: 12/21/2024, 8:21:08 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$1,388$12,300
2020$905$11,600
2018$905$7,700
2017$907$7,600

History based on county public records data.

Payment Calculator

$517

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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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-672403
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.88 miles

  • Public Charter Grades KG-5

school-card-donut-672404
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.16 miles

  • Public Charter Grades KG-5

school-card-donut-672405
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.26 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,271. The majority of Detroit, MI residents have income less than $35k annually. Most families are 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 515 Mount Vernon St

What is the listing price of this property?

The listing price of 515 Mount Vernon St property is $90,000.

What type of property is this?

The property 515 Mount Vernon St is a house located in Detroit, Michigan, 48202.

Is this property for sale now?

Sale Pending: 515 Mount Vernon St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,388 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 515 Mount Vernon St has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 515 Mount Vernon St is 1,468 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 515 Mount Vernon St is 1910.

Rocket Homes›Michigan›Wayne County›Detroit›48202›515 Mount Vernon St

This home is located at 515 Mount Vernon St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 1,468 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $90,000.

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 homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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