7 months on rocket

14534 Lappin St, Detroit, MI, 48205

$70,000

Home List Price

$831*

Closing Credit

3 Bedrooms
1 Full Bath
1,190 SqFt
$59/SqFt
House
Schools Nearby

Location

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14534 Lappin St, Detroit$70,000

Buyer Closing Credits

$831*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1927
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230081051
Lot Size0.10 Acres
StatusActive

About 14534 Lappin St

A turnkey investment opportunity in Detroit awaits you! *This tenant-occupied 7-property 12-unit portfolio offers a 14.30% cap rate on current rents, with upside from rent increases due on many units. Properties included: 14570 Lappin, 14988 Lappin, 14258 Lappin, 14534 Lappin, 14845 Maddelein, 14465 Maddelein, and 15030 Rossini. *** Tenant-occupied homes please do not approach the properties or disturb tenants. Viewing/inspection upon signed LOI.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1927
  • Stories: 1
  • Living Area: 1,190 SqFt

Listing Office:

  • Office Name: REALTEAM Real Estate
  • Office Phone: (586) 580-8092
  • Listing Agent: Kevin Devergilio

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: E of Gratiot/N of 7 Mile

Price Information

Listing Price Info

Price Summary:

  • List Price: $70,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $729
  • Tax Year: 2021
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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

14534 Lappin St vs Detroit

219 DAYS ON ROCKET

+170 Days

$70,000

-$10.1K Less

$59/SqFt

-$11 Less

KEY TAKEAWAY

This property is $10.1K less than the Median Sold Price and $11/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: #20230081051

Listing Office:

  • Office Name: REALTEAM Real Estate
  • Office Phone: (586) 580-8092
  • Listing Agent: Kevin Devergilio

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: 5/1/2024, 6:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 05, 2018Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2021$729$9,400
2020$842$13,100
2018$842$10,200
2017$839$10,400

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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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-4326390
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 1.66 miles

  • Public Charter Grades KG-5

school-card-donut-4326391
7
/10

  • McKinley Elementary School

  • 13173 Toepfer Rd

  • 1.68 miles

  • Public District Grades KG-5

school-card-donut-4326392
3
/10

  • Pleasantview Elementary School

  • 16501 Toepfer Dr

  • 1.85 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,978. The majority of Detroit, MI residents have income less than $35k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 14534 Lappin St

What is the listing price of this property?

The listing price of 14534 Lappin St property is $70,000.

What type of property is this?

The property 14534 Lappin St is a house located in Detroit, Michigan, 48205.

Is this property for sale now?

Active Listing: 14534 Lappin 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 $729 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 5, 2018 for $250,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 14534 Lappin St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 14534 Lappin St is 1,190 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 14534 Lappin St is 1927.

Rocket Homes›Michigan›Wayne County›Detroit›48205›14534 Lappin St

This home is located at 14534 Lappin St in Detroit, MI and zip code 48205 in the Burbank neighborhood. This 1,190 square foot home, which was built in 1927, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 25, 2023 and is currently priced at $70,000.

In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

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

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