9 days on rocket

1157 Edison St, Detroit, MI, 48202

$40,000

0.12 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #20240024970
Lot Size0.12 Acres
StatusActive

About 1157 Edison St

Great investment opportunity located in the Boston/Edison district and close to Henry Ford Hospital, Wayne State Univ., Midtown, & Minutes from Downtown. Lot is 40x133.50 and ready for your dream home! 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 DLBA 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 abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement 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: 0.12 Acres

Other

Directions Information:

  • Directions: S. Chicago, W. Lodge Fwy.

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
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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

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

1157 Edison St vs Detroit

9 DAYS ON ROCKET

-40 Days

$40,000

-$40.1K Less

KEY TAKEAWAY

This property is $40.1K 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: #20240024970

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: 4/27/2024, 12:55:19 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 - -

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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Rocket Mortgage

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-970332
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 0.40 miles

  • Public Charter Grades KG-5

school-card-donut-970333
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 1.45 miles

  • Public Charter Grades KG-5

school-card-donut-970334
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.53 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 $40,476. The most common annual income of people living in Detroit, MI is less than $35k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1157 Edison St

What is the listing price of this property?

The listing price of 1157 Edison St property is $40,000.

What type of property is this?

The property 1157 Edison St is land located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 1157 Edison St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1157 Edison St is 0.12 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48202›1157 Edison St

This home is located at 1157 Edison St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This home sits on a 0.12 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $40,000.

Over 94 listings were sold over their listed price in March 2024 in Detroit, MI. In the same period over 224 listings were sold below the listed price and 74 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. Listings spent 49 days on the market in March 2024, and had a median list price of $80,163 during the same period.

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

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