Unlock the potential of this prime vacant lot in Southfield! Situated in a highly desirable location, this property offers a unique opportunity to build your dream home or invest in future development. The lot provides ample space for creative design and customization. Zoned for residential use, this flat and ready-to-develop lot offers all utilities at the street, making it an ideal canvas for your vision. Whether you're a homeowner ready to build or an investor seeking a high-demand location, this is a rare find in Southfield's thriving market. Check with the city to confirm your options for building on the lot.
Property Details
Property Features
Listing Office:
Office Name: KW Metro
Office Phone: (248) 288-3500
Listing Agent: Reggie Perryman
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Lot Features
Lot Information:
Lot Size: 0.37 Acres
Other
Directions Information:
Directions: Take 9 mile to Lasher to 8 1/2 mile go south.
Price Information
Listing Price Info
Price Summary:
List Price: $31,000
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 Southfield, MI.
This property is $190.5K less than the Median Sold Price in Southfield, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240090482
Listing Office:
Office Name: KW Metro
Office Phone: (248) 288-3500
Listing Agent: Reggie Perryman
Disclaimer: 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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$222
Per Month
Principal & Interest
$155
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$159
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Angell Elementary School
3849 Beverly Blvd
Distance between this listing and this school0.29 miles
Public District Grades KG-5
6
/10
Vandenberg World Cultures Academy
16100 Edwards Ave
Distance between this listing and this school0.36 miles
Public Magnet Grades KG-5
5
/10
Pattengill Elementary School
3540 Morrison Ave
Distance between this listing and this school0.54 miles
Public District Grades KG-5
Nearby Schools
6
/10
Anderson Middle School
3205 Catalpa Dr
Distance between this listing and this school0.84 miles
Public District Grades 6-8
2
/10
Thompson K-8 International Academy
16300 Lincoln Dr
Distance between this listing and this school1.51 miles
Public District Grades KG-8
6
/10
Norup International School
14450 Manhattan St
Distance between this listing and this school1.55 miles
Public District Grades KG-8
Nearby Schools
8
/10
Berkley High School
2325 Catalpa Dr
Distance between this listing and this school1.26 miles
Public District Grades 9-12
10
/10
University High School Academy
19301 W 12 Mile Rd
Distance between this listing and this school1.63 miles
Public Magnet Grades 9-12
8
/10
Wylie E. Groves High School
20500 W 13 Mile Rd
Distance between this listing and this school2.31 miles
The neighbors living near this home have an average income of $51,148. The most common annual income of people living in Southfield, MI is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8 1-2 Mile Rd
What is the listing price of this property?
The listing price of 8 1-2 Mile Rd property is $31,000.
What type of property is this?
The property 8 1-2 Mile Rd is land located in Southfield, Michigan, 48075.
Is this property for sale now?
Active Listing: 8 1-2 Mile Rd is For Sale (Active/New) which means the seller is accepting offers.
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.
This home is located at 8 1-2 Mile Rd in Southfield, MI and zip code 48075. This home sits on a 0.37 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $31,000.
Southfield, MI housing market in November 2024 saw over 15 listings sold above listed price, more than 11 sold at listed price and over 18 sold below. Between October 2024 and November 2024, Southfield, MI real estate market has seen increase in the number of listings by 8%. The median list price of listings available in November 2024 was $221,547, while the average time on the real estate market was 35 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: 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. 
Pro Boxing
Pro Boxing
Tennis
Live Theatre
IKEA
Crate & Barrel
Bloomingdales
Quiznos
Starbucks
Boston Market
Lexus
BMW
Mercedes
Soft Adult Contemporary
News