14 days on rocket

2480 Sheridan St, Detroit, MI, 48214

$20,000

0.07 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #20240024972
Lot Size0.07 Acres
StatusActive

About 2480 Sheridan St

Great infill opportunity located in the West Village Neighborhood Enterprise Zone (NEZ). Sale includes 2480 & 2486 Sheridan. BUILDING SHOULD DEFINE SPACE IN MEANINGFUL WAY. BUILDING SHOULD BE DESIGNED TO COMPLEMENT COMMUNITY.PROVIDE A DIVERSE RESIDENTIAL STOCK AND DENSITY AT A VARIETY OF PROCEDURE OF PRICES POINTS, OWNERSHIP TYPES(I.E.RENT,OWN),HOUSING TYPES. DENSITIES SHALL SUPPORT OPPORTUNITIES FOR NEIGHBORHOOD COMMERICAL INVESTMENTS & JOBS CREATION, STIMULATING GROWTH IN LOCAL ECONOMY. THE DLBA IS ENTITLED TO A TAX CAPTURE FOR THE 5 TAX YEARS SUBSEQUENT TO TRANSFERRING OWNERSHIP OF THE PROPERTY. THE TAX CAPTURE MAY BE INCOMPATIBLE WITH TAX ABATEMENT THAT ARE OTHERWISE AVAILABLE TO THE SELECTED PURCHASER. DLBA WILL REVIEW REQUESTS TO WAIVE ITS TAX CAPTURE RIGHTS & MAY REQUIRE A PAYMENT IN LIEU OF TAXES TO APPROVE SUCH REQUESTS.THE PAYMENT WILL BE DETERMINED UPON REVIEWING THE DEVELOPMENT PROFORMA & EFFECT OF ANY TAX ABATEMENT ON THE PURCHASE AND DEVELOPMENT FINANCING.

Property Details

Property Features

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Other

Directions Information:

  • Directions: S. Charlevoix & E. E. Grand Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $20,000
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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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

2480 Sheridan St vs Detroit

14 DAYS ON ROCKET

-31 Days

$20,000

-$61K Less

KEY TAKEAWAY

This property is $61K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240024972

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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, 11:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - -

History based on county public records data.

Payment Calculator

$167

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$126

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Rocket Mortgage

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-4452882
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 1.36 miles

  • Public Charter Grades KG-4

school-card-donut-4452883
3
/10

  • Detroit Academy of Arts and Sciences

  • 2985 E Jefferson Ave

  • 1.46 miles

  • Public Charter Grades KG-5

school-card-donut-4452884
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.48 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. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2480 Sheridan St

What is the listing price of this property?

The listing price of 2480 Sheridan St property is $20,000.

What type of property is this?

The property 2480 Sheridan St is land located in Detroit, Michigan, 48214.

Is this property for sale now?

Active Listing: 2480 Sheridan St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 2480 Sheridan St is 0.07 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48214›2480 Sheridan St

This home is located at 2480 Sheridan St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This home sits on a 0.07 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $20,000.

Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 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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