10 months on rocket

8740 2nd Ave Unit 5, Detroit, MI, 48202

$485,000

Home List Price

$5,759*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,764 SqFt
$275/SqFt
Condo

Location

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8740 2nd Ave Unit 5, Detroit$485,000

Buyer Closing Credits

$5,759*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingTwoCarGarage, Attached, ElectricityinGarage, Tandem
Attached Garage2 spaces
Year BuiltNew Const., 2024
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #20240005275
StatusActive

About 8740 2nd Ave Unit 5

Presenting "The Summit at Piety Hill" – a new construction townhome development in Detroit's Piety Hill Neighborhood. Explore our 6 modern townhomes at the corner of Gladstone and Second Avenue, featuring upscale finishes, private patios and balconies, 3 bedrooms, 2.5 bathrooms, open concept living, and sleek design. This three-story unit comes complete with 1764sf of living space, a 2-car attached garage, ample storage, dedicated work-from-home spaces, and stylish elements like a wooden staircase, 10 ft ceilings, floating vanities in the bathrooms, transom windows in the guest bedroom, and waterfall quartz countertops in the kitchen. With secured parking, these units stand out as the epitome of modern design, conveniently located just north of New Center Commons and Virginia Park, and within 5 minutes of restaurants, shops, the Q-line, Midtown, and Downtown Detroit. Experience the height of modern design on the upside of town! New Construction NEZ Tax Abatement available for principal occupants. Anticipated Groundbreaking Spring of 2024.

Property Details

Property Features

Property Information:

  • Architectural Style: Townhouse
  • Year Built: 2024
  • Living Area: 1,764 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Justin Cain, Tegest Walker

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: TwoCarGarage, Attached, ElectricityinGarage, Tandem

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Woodward to Gladstone. Make a left. Take Gladstone to Second Ave. Left side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $485,000
  • Price Per SqFt: $275/SqFt

HOA Fees:

  • Amount: $300
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

8740 2nd Ave Unit 5 vs Detroit

323 DAYS ON ROCKET

+274 Days

$485,000

+$399.9K More

$275/SqFt

+$207 More

KEY TAKEAWAY

This property is $399.9K more than the Median Sold Price and $207/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240005275

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Justin Cain, Tegest Walker

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: 12/18/2024, 5:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,788

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,521

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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-4395312
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 0.74 miles

  • Public Charter Grades KG-5

school-card-donut-4395313
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.04 miles

  • Public Charter Grades KG-5

school-card-donut-4395314
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.20 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,823. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8740 2nd Ave Unit 5

What is the listing price of this property?

The listing price of 8740 2nd Ave Unit 5 property is $485,000.

What type of property is this?

The property 8740 2nd Ave Unit 5 is a condo located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 8740 2nd Ave Unit 5 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 8740 2nd Ave Unit 5 has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 8740 2nd Ave Unit 5 is 1,764 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 8740 2nd Ave Unit 5 is 2024.

Rocket Homes›Michigan›Wayne County›Detroit›48202›8740 2nd Ave Unit 5

This home is located at 8740 2nd Ave Unit 5 in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 1,764 square foot home was built in 2024. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $485,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 2% between October 2024 and November 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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