1 year on rocket

530 S Colonial St, Detroit, MI, 48217

$598,800

1.82 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #20230067949
Lot Size1.82 Acres
StatusActive

About 530 S Colonial St

Huge almost 2 acre commercial lot, great location near commercial/industrial area, lot size is 360ft x 220ft, zoned M4 (heavy industrial), could possibly be developed into Gas Station, Retail Storefront, Medical Facility, Car Wash, Parking Structure, Medical Marijuana, Truck Repair Facility, along with many other possible uses, property is located near Marathon Gas Terminal, close to Major Highways, 1.82 acres, buyer & buyer's agent to verify all listing information, see city for exact zoning uses available, all data apx.

Property Details

Property Features

Listing Office:

  • Office Name: Century 21 Curran & Oberski
  • Office Phone: (313) 274-7200
  • Listing Agent: Bill M Darwich

Lot Features

Lot Information:

  • Lot Size: 1.82 Acres

Other

Directions Information:

  • Directions: Corner of S. Colonial & Ormond St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $598,800

Tax Information:

  • Annual Amount: $617
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

530 S Colonial St vs Detroit

462 DAYS ON ROCKET

+417 Days

$598,800

+$513.8K More

KEY TAKEAWAY

This property is $513.8K more 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: #20230067949

Listing Office:

  • Office Name: Century 21 Curran & Oberski
  • Office Phone: (313) 274-7200
  • Listing Agent: Bill M Darwich

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: 11/22/2024, 1:20:51 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$617$25,100
2020$1,068$12,600
2018$1,068$13,100
2017$1,062$12,200

History based on county public records data.

Payment Calculator

$3,056

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-485344
4
/10
  • Salina Elementary School

  • 2700 Ferney St

  • 1.20 miles

  • Public District Grades PK-3

school-card-donut-485345
3
/10
  • Allendale Elementary School

  • 3201 Oakwood Blvd

  • 1.46 miles

  • Public District Grades 2-5

school-card-donut-485346
2
/10
  • Bennett Elementary School

  • 2111 Mullane St

  • 1.78 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,939. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 530 S Colonial St

What is the listing price of this property?

The listing price of 530 S Colonial St property is $598,800.

What type of property is this?

The property 530 S Colonial St is land located in Detroit, Michigan, 48217.

Is this property for sale now?

Active Listing: 530 S Colonial St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $617 (source: MLS/based on county public records data).

How much acreage is this property?

The property 530 S Colonial St is 1.82 acres.
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Rocket HomesMichiganWayne CountyDetroit48217530 S Colonial St

This home is located at 530 S Colonial St in Detroit, MI and zip code 48217 in the Boynton / Oakwood neighborhood. This home sits on a 1.82 acre lot. It has been listed on Rocket Homes since August 17, 2023 and is currently priced at $598,800.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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