3 months on rocket

551 Algonquin St, Detroit, MI, 48215

$99,000

Home List Price

$1,176*

Closing Credit

2 Bedrooms
1 Full Bath
960 SqFt
$103/SqFt
House

Location

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551 Algonquin St, Detroit$99,000

Buyer Closing Credits

$1,176*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1917
HeatingForced Air, Natural Gas
BasementYes
MLS #20240065271
Lot Size0.08 Acres
StatusActive

About 551 Algonquin St

This craftsman-style home presents a great fixer-upper opportunity in Jefferson Chalmers with value adds like the two adjacent side lots, which are perfect for an urban garden or new structure. Currently set up for single-floor living with two bedrooms and one bath all on the main level, the home also offers a partially framed walk-up attic ready to be converted into additional bedrooms or living space, adding value and square footage. Hardwood floors throughout, a fantastic brick fireplace, and a charming kitchen with a ceramic farmhouse-style sink and ample space for cooking. Updates include; Sewer line completely replaced in 2019, roof 2018 and new HVAC in 2021. Only five minutes to Alfred Brush Ford Park, which is undergoing a $9M development, including new Community Center, walking paths, tennis and pickle ball courts, basketball courts, playgrounds, beach, arboretum and more. Plus new developments underway at the Jefferson Chalmers Historic Business District. Five short minutes to Coriander Kitchen and Farm, Yellow Light Coffee & Donuts, and the Eastside Canine to Five.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1917
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Daniel Ericksen

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Map it

Price Information

Listing Price Info

Price Summary:

  • List Price: $99,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $329
  • Tax Year: 2021
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Housing Market Comparison

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

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

551 Algonquin St vs Detroit

105 DAYS ON ROCKET

+56 Days

$99,000

+$13.9K More

$103/SqFt

+$35 More

KEY TAKEAWAY

This property is $13.9K more than the Median Sold Price and $35/SqFt more 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: #20240065271

Listing Office:

  • Office Name: OConnor Realty Detroit, LLC
  • Office Phone: (313) 963-9891
  • Listing Agent: Daniel Ericksen

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: 12/17/2024, 8:21:11 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$329$5,355
2020$594$6,000
2018$594$4,100

History based on county public records data.

Payment Calculator

$562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$363

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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-4227246
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.58 miles

  • Public District Grades KG-5

school-card-donut-4227247
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 3.48 miles

  • Public Charter Grades KG-5

school-card-donut-4227248
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 3.61 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,991. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Algonquin St

What is the listing price of this property?

The listing price of 551 Algonquin St property is $99,000.

What type of property is this?

The property 551 Algonquin St is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 551 Algonquin 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 $329 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 551 Algonquin St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 551 Algonquin St is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Algonquin St is 1917.

Rocket Homes›Michigan›Wayne County›Detroit›48215›551 Algonquin St

This home is located at 551 Algonquin St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 960 square foot home, which was built in 1917, sits on a 0.08 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $99,000.

In November 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 55 listings were sold at asking price, while more than 247 were sold below. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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