new - 5 days on rocket

9401-9403 Ravenswood St, Detroit, MI, 48204

$61,000

Home List Price

$724*

Closing Credit

2 Full Baths
2,420 SqFt
$25/SqFt
Multi

Location

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9401-9403 Ravenswood St, Detroit$61,000

Buyer Closing Credits

$724*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1922
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240085024
Lot Size0.08 Acres
StatusActive

About 9401-9403 Ravenswood St

Great investment opportunity in Detroit's Nardin Park neighborhood! This brick multifamily home features two units, each with 3 bedrooms and 1 bath. Some updates have been made to the kitchen and bath, offering a solid foundation for further improvements. The bottom-floor tenant is currently in place and can either stay or vacate, depending on the new owner’s plans. Located in a desirable neighborhood, this property is perfect for investors or those looking for a property with rental potential. Don’t miss out on this chance to add value and build equity FOR SALE ON ASSIGNMENT ONLY. Title is clear with Title Inc, warranty deed transfer. Seller pays ALL: water bills owed, taxes owed, blight tickets or anything else. Buyer to pay closing costs, including: transfer taxes, title insurance, closing fees. Any water or taxes owed will be paid at closing by the seller. Sold AS IS - BATVAI to verify all information listed. This property is being sold as-is for the current list price. However, please ask the seller's agent for details about possible renovations that the seller is willing to do if the cost of the renovations is added to the purchase price. Videos available upon request

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1922
  • Stories: 2
  • Living Area: 2,420 SqFt

Listing Office:

  • Office Name: Wise Property Buyers
  • Office Phone: (734) 968-4359
  • Listing Agent: TJ Brisbois

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Laundry Facility

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: West On Joy Rd, Turn Right On Grand River, Right On Ravenswood,

Price Information

Listing Price Info

Price Summary:

  • List Price: $61,000
  • Price Per SqFt: $25/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

$73

Avg. Days On Market

45

# of Sold Homes

475

9401-9403 Ravenswood St vs Detroit

5 DAYS ON ROCKET

-40 Days

$61,000

-$24K Less

$25/SqFt

-$49 Less

KEY TAKEAWAY

This property is $24K less than the Median Sold Price and $49/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: #20240085024

Listing Office:

  • Office Name: Wise Property Buyers
  • Office Phone: (734) 968-4359
  • Listing Agent: TJ Brisbois

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: 11/17/2024, 10:20:52 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

$372

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$249

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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-447865
2
/10

  • Barton Elementary School

  • 8530 Joy Rd

  • 1.23 miles

  • Public District Grades KG-5

school-card-donut-447866
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 1.90 miles

  • Public District Grades PK-5

school-card-donut-447867
2
/10

  • Riverside Academy

  • 7124 Miller Rd

  • 2.39 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 $15,000. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is single, no 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

Rocket Homes›Michigan›Wayne County›Detroit›48204›9401-9403 Ravenswood St

This home is located at 9401-9403 Ravenswood St in Detroit, MI and zip code 48204 in the Winterhalter neighborhood. This 2,420 square foot home, which was built in 1922, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $61,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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