Well maintained brick 4 unit near the Detroit / Grosse Pointe border. Recently updated property boasts 2 large side by side commercial spaces on entry level, with charming units upstairs that could function as office space or residential apartments. Massive attached garage could provide additional rental income. Full basement on each side. Sale includes adjacent lot 14526 Jefferson. LAND CONTRACT TERMS NEGOTIABLE. Opportunity zone!!
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 1913
Stories: 2
Living Area: 5,582 SqFt
Listing Office:
Office Name: Clyde Realty LLC
Office Phone: (313) 974-1830
Listing Agent: Benjamin Ness
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.13 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: From Alter...W on Jefferson
Price Information
Listing Price Info
Price Summary:
List Price: $659,000
Price Per SqFt: $118/SqFt
Tax Information:
Annual Amount: $1,377
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $578.8K more than the Median Sold Price and $48/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: #20230043079
Listing Office:
Office Name: Clyde Realty LLC
Office Phone: (313) 974-1830
Listing Agent: Benjamin Ness
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,357
Per Month
Principal & Interest
$3,290
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,042
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school0.74 miles
Public District Grades KG-5
8
/10
Lewis Marie Elementary School
740 Cadieux Rd
Distance between this listing and this school1.71 miles
Public District Grades KG-5
6
/10
Richard Elementary School
176 Mckinley Ave
Distance between this listing and this school2.46 miles
Public District Grades KG-5
Nearby Schools
5
/10
Detroit Merit Charter Academy
1091 Alter Rd
Distance between this listing and this school0.21 miles
Public Charter Grades KG-8
5
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school0.70 miles
Public District Grades 6-8
5
/10
Detroit Enterprise Academy
11224 Kercheval St
Distance between this listing and this school1.55 miles
Public Charter Grades KG-8
Nearby Schools
2
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.80 miles
Public Magnet Grades 9-12
8
/10
Grosse Pointe South High School
11 Grosse Pointe Blvd
Distance between this listing and this school2.46 miles
Public District Grades 9-12
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school3.75 miles
The neighbors living near this home have an average income of $38,214. The most common annual income of people living in Detroit, MI is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 14536 E Jefferson Ave in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 5,582 square foot home, which was built in 1913, sits on a 0.13 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since June 01, 2023 and is currently priced at $659,000.
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. 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.