2 months on rocket

242 Riverside Dr, Detroit, MI, 48215

$310,000

Home List Price

$3,681*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,840 SqFt
$168/SqFt
House
Schools Nearby

Location

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242 Riverside Dr, Detroit$310,000

Buyer Closing Credits

$3,681*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1928
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240011984
Lot Size0.16 Acres
StatusActive

About 242 Riverside Dr

Welcome to your 1,800 square foot three bedroom, two and half bathroom newly renovated and beautifully furnished brick Tudor style home. Upon entering there is a stunning formal entry and powder room, just beyond is the living room with a wood burning fireplace and french doors that open out to the large yard and wood deck perfect for lounging and entertaining in the summer months. The kitchen is lovely with all new appliances, quartz countertops and pass through counter height bar for you to enjoy with friends and family. There is a formal dining room complete with a modern table, chairs, table top accessories and a bar cart! Upstairs you will find the primary suite with a stylishly made king size bed and ensuite bathroom with shower. Down the hall there is a bedroom with two adorable twin beds and a shared hall bathroom with a tub/shower combo. The third bedroom upstairs makes for a lovely retreat and also has a king size bed. This property is located on a broad leafy street within walking distance to the posh, state-of-the-art A.B. Ford Park and community center located in the Jefferson-Chalmers neighborhood. This is the first ever city-built resiliency center with a solar-power roof, Green Stormwater Infrastructure and breathtaking views along the east Detroit riverfront. Come and stay awhile!

Property Details

Property Features

Property Information:

  • Architectural Style: Tudor
  • Year Built: 1928
  • Stories: 2
  • Living Area: 1,840 SqFt

Listing Office:

  • Office Name: Brice Winthrop Realtors
  • Office Phone: (313) 974-7270
  • Listing Agent: Juana Woodson

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Furnished - Negotiable

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • 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: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: 242 Riverside dr Detroit MI 48215

Price Information

Listing Price Info

Price Summary:

  • List Price: $310,000
  • Price Per SqFt: $168/SqFt

Tax Information:

  • Annual Amount: $751
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

242 Riverside Dr vs Detroit

78 DAYS ON ROCKET

+33 Days

$310,000

+$228.9K More

$168/SqFt

+$97 More

KEY TAKEAWAY

This property is $228.9K more than the Median Sold Price and $97/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: #20240011984

Listing Office:

  • Office Name: Brice Winthrop Realtors
  • Office Phone: (313) 974-7270
  • Listing Agent: Juana Woodson

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: 5/20/2024, 4:20:38 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

Jan 08, 2021Home Sold
$55,000
Nov 15, 2018Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2021$751$22,900
2020$1,182$20,300
2018$1,182$13,800
2017$1,221$14,100

History based on county public records data.

Payment Calculator

$1,615

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$996

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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-4372760
6
/10
  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.64 miles

  • Public District Grades KG-5

school-card-donut-4372761
1
/10
  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 3.71 miles

  • Public Charter Grades KG-5

school-card-donut-4372762
1
/10
  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 4.11 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,804. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 242 Riverside Dr

What is the listing price of this property?

The listing price of 242 Riverside Dr property is $310,000.

What type of property is this?

The property 242 Riverside Dr is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 242 Riverside Dr 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 $751 (source: MLS/based on county public records data).

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

The last sale was on January 8, 2021 for $55,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 242 Riverside Dr has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 242 Riverside Dr is 1,840 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 242 Riverside Dr is 1928.

Rocket Homes›Michigan›Wayne County›Detroit›48215›242 Riverside Dr

This home is located at 242 Riverside Dr in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,840 square foot home, which was built in 1928, sits on a 0.16 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 03, 2024 and is currently priced at $310,000.

In April 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 89 listings were sold at asking price, while more than 243 were sold below. In April 2024 in Detroit, MI there were 12.7% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $81,036, while the average time on the real estate market was 45 days.

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

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