1 month on rocket

690 W Philadelphia St, Detroit, MI, 48202

$34,000

0.20 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #20240080318
Lot Size0.20 Acres
StatusActive

About 690 W Philadelphia St

Great property for infill building located in Detroit’s Piety Hill neighborhood. This property is within walking distance to the Q-Line and New Center Area. It is also in close proximity Henry Ford Hospital.Buyer must submit a proposal to purchase, including construction plans or precedent agriculture images of proposed development & financing plan w/ POF or Pre-App letter on a new construction loan. 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. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.

Property Details

Property Features

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Other

Directions Information:

  • Directions: TAKE WOODWARD HEADED SOUTH PASS CHICAGO BLVD MAKE RIGHT ONTO PHILADELPHIA

Price Information

Listing Price Info

Price Summary:

  • List Price: $34,000
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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

$67

Avg. Days On Market

49

# of Sold Homes

396

690 W Philadelphia St vs Detroit

41 DAYS ON ROCKET

-8 Days

$34,000

-$51K Less

KEY TAKEAWAY

This property is $51K 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: #20240080318

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

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: 12/4/2024, 3:20:54 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 - -

History based on county public records data.

Payment Calculator

$237

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$168

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Rocket Mortgage

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-3818956
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.84 miles

  • Public Charter Grades KG-5

school-card-donut-3818957
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.93 miles

  • Public Charter Grades KG-5

school-card-donut-3818958
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.06 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,823. Residents of Detroit, MI typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 690 W Philadelphia St

What is the listing price of this property?

The listing price of 690 W Philadelphia St property is $34,000.

What type of property is this?

The property 690 W Philadelphia St is land located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 690 W Philadelphia St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 690 W Philadelphia St is 0.20 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48202›690 W Philadelphia St

This home is located at 690 W Philadelphia St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This home sits on a 0.20 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $34,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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