13 days on rocket

2405 Field St, Detroit, MI, 48214

$549,000

Home List Price

$6,519*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2405 Field St, Detroit$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1914
HeatingRadiant, Natural Gas
CoolingNone
BasementYes
MLS #24018299
Lot Size0.16 Acres
StatusActive

About 2405 Field St

Looking for a income producing property this apartment has 4 units next to the Indian Village area. Potential for rent is approx $5600 per month vastly under rented. $67000 a year. Just needs min. upgrades nothing major, but is and can be rent as presented. ( occupied as we speak. one unit vacant and second is owner occupied making two. other two month to month /family members. ) First floor has own main door closes to Vernor. ( see pictures) It has 3 bedrooms , hardwood floors , bay windows the works. All the units have bay windows. 2nd floor has 2 units. 3rd floor has 3 bedrooms and updated everything 'Looking for $549K or Best Offer looking for a income producing property this apartment has 4 units next to the Indian Village area. Potential for rent is approx $5600. Just needs min. upgrades nothing major, but is and can be rent as presented. ( occupied) First floor has own main door closes to Vernor. ( see pictures) It has 3 bedrooms , hardwood floors , bay windows the works. All the units have bay windows. 2 floor has 2 units. 3rd floor has 3 bedrooms and updated everything

Property Details

Property Features

Property Information:

  • Year Built: 1914

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Eric Waldon

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Radiant, Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: 94 to mack ave. mack ave yo e grand blvd turn east on vernor to field on corner of field and vernor.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000

Tax Information:

  • Annual Amount: $1,861
  • 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

2405 Field St vs Detroit

13 DAYS ON ROCKET

-36 Days

$549,000

+$468.8K More

KEY TAKEAWAY

This property is $468.8K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24018299

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Eric Waldon

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
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, 3:20:22 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$1,861 -
2020$1,217$32,200
2018$1,217$22,700
2017$1,216$23,300

History based on county public records data.

Payment Calculator

$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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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-4229020
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 1.32 miles

  • Public Charter Grades KG-4

school-card-donut-4229021
3
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.34 miles

  • Public Charter Grades KG-5

school-card-donut-4229022
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.37 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 $33,846. Typical income of Detroit, MI residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48214›2405 Field St

This home is located at 2405 Field St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This home, which was built in 1914, sits on a 0.16 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $549,000.

Detroit, MI housing market in March 2024 saw over 94 listings sold above listed price, more than 74 sold at listed price and over 224 sold below. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. 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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