7 months on rocket

8028 Cahalan St, Detroit, MI, 48209

$70,000

0.07 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240024479
Lot Size0.07 Acres
StatusActive

About 8028 Cahalan St

Great infill build opportunity in Southwest Detroit. Sale includes the following addresses; 8028, 8034, 8040, 8044, 8050, 8056, 8062 Cahalan. 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. 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 that are otherwise available to the selected purchaser. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing.

Property Details

Property Features

Listing Office:

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

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Other

Directions Information:

  • Directions: Vernor & Springwells

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000
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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

8028 Cahalan St vs Detroit

219 DAYS ON ROCKET

+174 Days

$70,000

-$15K Less

KEY TAKEAWAY

This property is $15K 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: #20240024479

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: 11/23/2024, 3:20:52 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

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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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-912659
2
/10
  • Bennett Elementary School

  • 2111 Mullane St

  • 0.26 miles

  • Public District Grades PK-5

school-card-donut-912660
2
/10
  • Harms Elementary School

  • 2400 Central St

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-912661
1
/10
  • Roberto Clemente Learning Academy

  • 1551 Beard St

  • 0.49 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,269. Residents of Detroit, MI typically earn between $35k-100k each year. The most common type of family is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8028 Cahalan St

What is the listing price of this property?

The listing price of 8028 Cahalan St property is $70,000.

What type of property is this?

The property 8028 Cahalan St is land located in Detroit, Michigan, 48209.

Is this property for sale now?

Active Listing: 8028 Cahalan St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 8028 Cahalan St is 0.07 acres.
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Rocket HomesMichiganWayne CountyDetroit482098028 Cahalan St

This home is located at 8028 Cahalan St in Detroit, MI and zip code 48209 in the Springwells neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $70,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. In October 2024 median list price was $85,000 and the average listing age was 45 days.

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

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