1 month on rocket

5700 Townsend St, Detroit, MI, 48213

$35,000

Home List Price

$416*

Closing Credit

6 Full Baths
4,112 SqFt
$9/SqFt
Multi

Location

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5700 Townsend St, Detroit$35,000

Buyer Closing Credits

$416*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1912
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240071565
Lot Size0.08 Acres
StatusActive

About 5700 Townsend St

6-unit apartment building w/lots of potential. 4 units have 2 bedrooms, 2 units have 1 bedroom. Property needs work, but there is plenty of room to grow in this up and coming 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

Property Information:

  • Architectural Style: Common Entry Building, Upper/Lower Apartment
  • Year Built: 1912
  • Stories: 2
  • Living Area: 4,112 SqFt

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: NORTH OF GRATIOT / BETWEEN E GRAND BLVD & VAN DYKE

Price Information

Listing Price Info

Price Summary:

  • List Price: $35,000
  • Price Per SqFt: $9/SqFt

Tax Information:

  • Annual Amount: $1,138
  • 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

$73

Avg. Days On Market

45

# of Sold Homes

475

5700 Townsend St vs Detroit

44 DAYS ON ROCKET

-1 Day

$35,000

-$50K Less

$9/SqFt

-$65 Less

KEY TAKEAWAY

This property is $50K less than the Median Sold Price and $65/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: #20240071565

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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: 11/21/2024, 8:20:52 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$1,138$28,800
2020 - $22,200

History based on county public records data.

Payment Calculator

$242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$171

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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-236002
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.34 miles

  • Public Charter Grades 2-4

school-card-donut-236003
3
/10

  • Bridge Academy East

  • 9600 Buffalo St

  • 1.94 miles

  • Public Charter Grades PK-5

school-card-donut-236004
3
/10

  • Dickinson East Elementary School

  • 3385 Norwalk St

  • 2.09 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,448. Typical income of Detroit, MI residents is less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5700 Townsend St

This home is located at 5700 Townsend St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 4,112 square foot home, which was built in 1912, sits on a 0.08 acre lot. Features: 6 bathrooms. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $35,000.

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. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. 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.

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