1 year on rocket

8773 Petoskey Ave, Detroit, MI, 48204

$10,000

Home List Price

$119*

Closing Credit

4 Full Baths
3,584 SqFt
$3/SqFt
Multi

Location

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8773 Petoskey Ave, Detroit$10,000

Buyer Closing Credits

$119*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1918
HeatingForced Air, Natural Gas
BasementYes
MLS #20221067394
Lot Size0.09 Acres
StatusActive

About 8773 Petoskey Ave

Great opportunity for experienced investors. A buyer must submit a proposal to purchase, including construction plans or precedent architectural images of proposed development & financing plan with Proof of Funds, Pre-App letter, or new construction loan of the property. Projects will require approval of the Design Review from the city of Detroit. The Tax Capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights & may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development financing. BATVAI Please see attached documents for DLBA requirements. Proposal should be submitted through google doc application. Use the link in the attachments.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1918
  • Living Area: 3,584 SqFt

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Parking Information:

  • Attached Garage: No

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: TAKE GRAND RIVER AVE HEADED SOUTH MAKE A LEFT TURN ONTO MACKINAC THAN MAKE A RIGHT ONTO PETOSKEY

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,000
  • Price Per SqFt: $3/SqFt
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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

8773 Petoskey Ave vs Detroit

720 DAYS ON ROCKET

+671 Days

$10,000

-$75K Less

$3/SqFt

-$65 Less

KEY TAKEAWAY

This property is $75K less than the Median Sold Price and $65/SqFt less 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: #20221067394

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III, Clarence R Wilson

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: 12/4/2024, 1:20:57 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

$117

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$96

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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-40395
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.64 miles

  • Public District Grades KG-5

school-card-donut-40396
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.16 miles

  • Public Charter Grades KG-5

school-card-donut-40397
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 2.19 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $13,798. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48204›8773 Petoskey Ave

This home is located at 8773 Petoskey Ave in Detroit, MI and zip code 48204 in the Rosa Parks neighborhood. This 3,584 square foot home, which was built in 1918, sits on a 0.09 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since December 15, 2022 and is currently priced at $10,000.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. Listings spent 49 days on the market in November 2024, and had a median list price of $85,016 during the same period.

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

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