Welcome to the latest offering from the Detroit Land Bank Authority. Over 12,000 sqft. of vacant land perfect for your new development ideas. Located in the Islandview subdivison. Total property consists of 7 total lots and is designated SD4. Sale includes: 499, 527, 535,521,505, and 515 Jefferson ct. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. 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 abatements and/or lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines
Property Details
Property Features
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II
Lot Features
Lot Information:
Lot Size: 0.02 Acres
Other
Directions Information:
Directions: Jefferson ave east past meldrum to Jefferson ct. go north.
Price Information
Listing Price Info
Price Summary:
List Price: $73,214
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Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $11.7K 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: #20240044863
Listing Office:
Office Name: Real Estate One-Southfield
Office Phone: (248) 723-0055
Listing Agent: Gene Kelley II
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.
We're sorry, we currently don't have sales or tax history data for this listing.
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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.
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Nearby Schools
1
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school0.62 miles
Public Charter Grades KG-5
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school1.11 miles
Public Charter Grades KG-5
8
/10
Chrysler Elementary School
1445 E Lafayette St
Distance between this listing and this school1.39 miles
Public District Grades KG-5
Nearby Schools
1
/10
Detroit Academy of Arts and Sciences Middle School
2985 E Jefferson Ave
Distance between this listing and this school0.62 miles
Public Charter Grades 6-8
1
/10
Bunche Preparatory Academy
2715 Macomb St
Distance between this listing and this school0.77 miles
Public District Grades PK-8
2
/10
Garvey Academy
2301 Van Dyke St
Distance between this listing and this school0.98 miles
Public District Grades PK-8
Nearby Schools
3
/10
Martin Luther King Jr. Senior High School
3200 E Lafayette St
Distance between this listing and this school0.46 miles
Public District Grades 9-12
3
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school0.86 miles
Public Charter Grades 9-12
6
/10
Detroit Edison Public School Academy High School
3402 Saint Aubin St
Distance between this listing and this school1.51 miles
The neighbors living near this home have an average income of $31,420. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 537 Jefferson
What is the listing price of this property?
The listing price of 537 Jefferson property is $73,214.
What type of property is this?
The property 537 Jefferson is land located in Detroit, Michigan, 48207.
Is this property for sale now?
Active Listing: 537 Jefferson is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 537 Jefferson in Detroit, MI and zip code 48207 in the Lower East neighborhood. This home sits on a 0.02 acre lot. It has been listed on Rocket Homes since July 08, 2024 and is currently priced at $73,214.
Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.
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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