4 months on rocket

7300 Longacre St, Detroit, MI, 48228

$17,750

0.19 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240049529
Lot Size0.19 Acres
StatusActive

About 7300 Longacre St

Exciting Investment Opportunity: 0.5 Acres at 7300 & 7310 Longacre St, Detroit, MI 48228 Investors, don't miss this unique opportunity to acquire two adjacent lots totaling approximately 0.5 acres at 7300 and 7310 Longacre St in Detroit! These R1-zoned properties are perfect for single-family residential development with potential for certain commercial uses, offering flexibility and a promising return on investment. Situated near Cody High School, Henderson Academy, and other educational institutions, these lots are ideal for families. The growing neighborhood, with nearby developments and increasing property values, indicates a thriving area with significant growth potential. Recent sales of similar properties range from $18,000 to $95,000, highlighting the upward trend in the local real estate market. These lots offer convenient access to public transportation and local amenities, enhancing their appeal for future residents or tenants. The combined area of 7300 and 7310 Longacre St expands your development options whether you plan to build multiple homes, create a larger single-family residence, or explore commercial opportunities. With the inclusion of both 7300 and 7310 Longacre St, this combined property offers an expansive canvas for your development vision. Be a part of Detroit's vibrant redevelopment and capitalize on this prime investment opportunity! For more information and to schedule a viewing, contact us today!

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Thergam Alshara

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Other

Directions Information:

  • Directions: Warren Avenue to the north and Tireman Avenue to the south.

Price Information

Listing Price Info

Price Summary:

  • List Price: $17,750

Tax Information:

  • Annual Amount: $982
  • Tax Year: 2021
House and calculator

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.

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

7300 Longacre St vs Detroit

134 DAYS ON ROCKET

+89 Days

$17,750

-$67.2K Less

KEY TAKEAWAY

This property is $67.2K 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: #20240049529

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Thergam Alshara

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: 11/22/2024, 2:20:54 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$982$5,185
2020$715$5,700
2018$715$5,500
2017$722$5,500

History based on county public records data.

Payment Calculator

$156

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$120

Powered By

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-636315
2
/10
  • Gardner Elementary School

  • 6528 Mansfield St

  • 0.70 miles

  • Public District Grades KG-5

school-card-donut-636316
5
/10
  • Maples Elementary School

  • 6801 Mead St

  • 1.15 miles

  • Public District Grades PK-5

school-card-donut-636317
5
/10
  • Oakman Elementary School

  • 7545 Chase Rd

  • 1.34 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,030. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7300 Longacre St

What is the listing price of this property?

The listing price of 7300 Longacre St property is $17,750.

What type of property is this?

The property 7300 Longacre St is land located in Detroit, Michigan, 48228.

Is this property for sale now?

Active Listing: 7300 Longacre 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 $982 (source: MLS/based on county public records data).

How much acreage is this property?

The property 7300 Longacre St is 0.19 acres.
Rocket Homes logo

Interested in 7300 Longacre St? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesMichiganWayne CountyDetroit482287300 Longacre St

This home is located at 7300 Longacre St in Detroit, MI and zip code 48228 in the Grandale / Brooks neighborhood. This home sits on a 0.19 acre lot. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $17,750.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

More Resources