11 months on rocket

7719 E Lafayette St, Detroit, MI, 48214

$11,718

0.04 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #20230086758
Lot Size0.04 Acres
StatusActive

About 7719 E Lafayette St

Welcome to the latest offering from the Detroit Land Bank Authority. 2 Buildable lots in the heart of the "Islandview subdivsion. " Sale includes 1000 Baldwin. 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. The goal is to mirror town homes in the area. Two family an quadruplexes will work best in this area. 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: 0.04 Acres

Other

Directions Information:

  • Directions: Jefferson east to E. Grand blvd go north to E. Lafayette go east.

Price Information

Listing Price Info

Price Summary:

  • List Price: $11,718
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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

7719 E Lafayette St vs Detroit

334 DAYS ON ROCKET

+289 Days

$11,718

-$73.2K Less

KEY TAKEAWAY

This property is $73.2K 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: #20230086758

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

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: 11/5/2024, 5:20:53 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 - -

History based on county public records data.

Payment Calculator

$126

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$102

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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-2196820
3
/10
  • Salina Intermediate School

  • 2623 Salina St

  • 1.49 miles

  • Public District Grades 4-8

school-card-donut-2196821
4
/10
  • Salina Elementary School

  • 2700 Ferney St

  • 1.57 miles

  • Public District Grades PK-3

school-card-donut-2196822
1
/10
  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 1.79 miles

  • Public Charter Grades 3-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,917. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7719 E Lafayette St

What is the listing price of this property?

The listing price of 7719 E Lafayette St property is $11,718.

What type of property is this?

The property 7719 E Lafayette St is land located in Detroit, Michigan, 48214.

Is this property for sale now?

Active Listing: 7719 E Lafayette St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 7719 E Lafayette St is 0.04 acres.
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Rocket HomesMichiganWayne CountyDetroit482147719 E Lafayette St

This home is located at 7719 E Lafayette St in Detroit, MI and zip code 48214 in the Near West neighborhood. This home sits on a 0.04 acre lot. It has been listed on Rocket Homes since December 07, 2023 and is currently priced at $11,718.

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 number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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