Hot Rehab or tear down opportunity in the Island view sub which is one of the hottest subdivisions in Detroit. The ARV on this one is at least 270k, so your options to do either a rehab or new build are open either way. Hurry up with this one, as it won't last long!
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1903
Stories: 2
Living Area: 3,795 SqFt
Listing Office:
Office Name: Home Negotiators LLC
Office Phone: (313) 822-1708
Listing Agent: Phillip VanBuren
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: Take Jefferson to MCClellan, then north to Vernor.
Price Information
Listing Price Info
Price Summary:
List Price: $39,000
Price Per SqFt: $10/SqFt
Tax Information:
Annual Amount: $924
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 $41.1K less than the Median Sold Price and $60/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: #20240012985
Listing Office:
Office Name: Home Negotiators LLC
Office Phone: (313) 822-1708
Listing Agent: Phillip VanBuren
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.
$262
Per Month
Principal & Interest
$195
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
$183
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
7
/10
The James and Grace Lee Boggs School
4141 Mitchell St
Distance between this listing and this school2.24 miles
Public Charter Grades KG-4
3
/10
Detroit Academy of Arts and Sciences
2985 E Jefferson Ave
Distance between this listing and this school2.26 miles
Public Charter Grades KG-5
4
/10
University Preparatory Science and Math - Elementa
2251 Antietam Ave
Distance between this listing and this school2.42 miles
Public Charter Grades KG-5
Nearby Schools
5
/10
Detroit Enterprise Academy
11224 Kercheval St
Distance between this listing and this school0.89 miles
Public Charter Grades KG-8
3
/10
Timbuktu Academy of Science and Technology
10800 E Canfield St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
4
/10
Detroit Academy of Arts and Sciences Middle School
2985 E Jefferson Ave
Distance between this listing and this school2.26 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school0.87 miles
Public Magnet Grades 9-12
2
/10
University Preparatory Science and Math (PSAD) High School
2664 Franklin St
Distance between this listing and this school2.51 miles
Public Charter Grades 9-12
6
/10
Detroit Edison Public School Academy
1903 Wilkins St
Distance between this listing and this school2.63 miles
The neighbors living near this home have an average income of $14,056. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
This home is located at 2445 Mcclellan St in Detroit, MI and zip code 48214 in the Foch neighborhood. This 3,795 square foot home was built in 1903. Features: 2 bathrooms. It has been listed on Rocket Homes since March 02, 2024 and is currently priced at $39,000.
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 listings 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.