1 month on rocket

8039 Cahalan St, Detroit, MI, 48209

$55,000

0.07 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #20240078444
Lot Size0.07 Acres
StatusActive

About 8039 Cahalan St

Fantastic investment opportunity at 8039 Cahalan St in Detroit's vibrant Vernor-Springwells neighborhood! This .07 acre lot offers potential, zoned R2 for two-family residential use, making it perfect for building a duplex or spacious single-family home. The property is vacant with no structures, providing a clean slate for new development. Located in District 6, this parcel benefits from proximity to local schools, parks, shopping, and easy access to major highways. It's also situated within the Vernor-Springwells Neighborhood Enterprise Zone (H128), offering potential tax incentives for new builds. The property is a fantastic low-cost entry into Detroit's thriving real estate market. Whether you're an investor or builder, this land is a prime spot to create a valuable asset in a growing community. Don't miss this chance to invest in Detroit's exciting resurgence.

Property Details

Property Features

Listing Office:

  • Office Name: Continental Real Estate Group, Inc
  • Office Phone: (877) 996-5728
  • Listing Agent: Derek Eisenberg

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Other

Directions Information:

  • Directions: I-80 W. Drive to Springwells St in Detroit. Take exit 45 from I-75 N. Follow Springwells St to Cahalan St

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000

Tax Information:

  • Annual Amount: $38
  • Tax Year: 2021
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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

8039 Cahalan St vs Detroit

35 DAYS ON ROCKET

-10 Days

$55,000

-$30K Less

KEY TAKEAWAY

This property is $30K 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: #20240078444

Listing Office:

  • Office Name: Continental Real Estate Group, Inc
  • Office Phone: (877) 996-5728
  • Listing Agent: Derek Eisenberg

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, 4:20:51 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$38$300
2020$25$300
2018$25$300
2017$26$300

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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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-814853
2
/10
  • Bennett Elementary School

  • 2111 Mullane St

  • 0.26 miles

  • Public District Grades PK-5

school-card-donut-814854
2
/10
  • Harms Elementary School

  • 2400 Central St

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-814855
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. Most Detroit, MI residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8039 Cahalan St

What is the listing price of this property?

The listing price of 8039 Cahalan St property is $55,000.

What type of property is this?

The property 8039 Cahalan St is land located in Detroit, Michigan, 48209.

Is this property for sale now?

Active Listing: 8039 Cahalan 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 $38 (source: MLS/based on county public records data).

How much acreage is this property?

The property 8039 Cahalan St is 0.07 acres.
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Rocket HomesMichiganWayne CountyDetroit482098039 Cahalan St

This home is located at 8039 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 October 18, 2024 and is currently priced at $55,000.

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 listings in Detroit, MI increased by 11.2% between September 2024 and October 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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