Attention Investors check out this latest offering from the Detroit Land Bank Authority! Welcome to an incredible investment opportunity in the Midwest neighborhood! This two-story full brick colonial property boasts over 3000 square feet of potential, offering versatile living spaces across four units. This property presents a unique opportunity for restoration and renovation, allowing you to unleash its full potential. Please note that the DLBA 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
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1923
Living Area: 3,436 SqFt
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 4
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.12 Acres
Utilities
Utilities Information:
Heating: Forced Air, Natural Gas
Other
Directions Information:
Directions: South of Grandriver, East of Livernois
Price Information
Listing Price Info
Price Summary:
List Price: $19,900
Price Per SqFt: $6/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $65.1K less than the Median Sold Price and $62/SqFt less 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: #20240043904
Listing Office:
Office Name: Keller Williams Realty-Great Lakes
Office Phone: (586) 541-4000
Listing Agent: Erick Monzo
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$167
Per Month
Principal & Interest
$100
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$126
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Barton Elementary School
8530 Joy Rd
Distance between this listing and this school1.53 miles
Public District Grades KG-5
1
/10
Cesar Chavez Academy Intermediate School
4100 Martin St
Distance between this listing and this school1.71 miles
Public Charter Grades 3-5
2
/10
Academy of the Americas at Logan
3811 Cicotte St
Distance between this listing and this school1.77 miles
Public District Grades KG-3
Nearby Schools
1
/10
Sampson-Webber Leadership Academy
4700 Tireman St
Distance between this listing and this school0.34 miles
Public District Grades PK-8
2
/10
Munger Elementary-Middle School
5525 Martin St
Distance between this listing and this school1.20 miles
Public District Grades PK-8
1
/10
Voyageur Academy
4321 Military St
Distance between this listing and this school1.49 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Northwestern High School
2200 W Grand Blvd
Distance between this listing and this school1.17 miles
Public District Grades 9-12
2
/10
Hope of Detroit Academy Middlehigh
4444 35th St
Distance between this listing and this school1.32 miles
Public Charter Grades KG-12
1
/10
West Side Academy of Information Technology and Cyber Securi
4701 McKinley St
Distance between this listing and this school1.36 miles
The neighbors living near this home have an average income of $24,894. Typical income of Detroit, MI residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 5335 Allendale St in Detroit, MI and zip code 48204 in the Tireman neighborhood. This 3,436 square foot home, which was built in 1923, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $19,900.
In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.
From Rocket Homes Real Estate and based on county public records data.