11 days on rocket

2951 Tuxedo St, Detroit, MI, 48206

$145,000

Home List Price

$1,722*

Closing Credit

2 Full Baths, 1 Partial
2,706 SqFt
$54/SqFt
Multi
Schools Nearby

Location

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2951 Tuxedo St, Detroit$145,000

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1924
HeatingNatural Gas, Baseboard
CoolingCentral Air
BasementYes
MLS #20240025945
Lot Size0.10 Acres
StatusActive

About 2951 Tuxedo St

Welcome to an exciting investment opportunity, perfect for both experienced and new investors. Located just a short distance from the famous Boston Edison neighborhood and the acclaimed Durfee Innovation Society, this property is situated in a flourishing community rich with resources and ongoing development. The recently renovated upper unit has the potential to bring in $1,200 per month, while the lower unit, already occupied by a long-term tenant of over 16 years(currently on a month-to-month lease), generates $750 monthly. Bring all offers!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1924
  • Stories: 2
  • Living Area: 2,706 SqFt

Listing Office:

  • Office Name: Inside Realty, LLC
  • Office Phone: (248) 758-0022
  • Listing Agent: Farheen Din

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Paved

Virtual/3D Tour

  • Virtual Tour: 2951 Tuxedo St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard
  • Cooling: Central Air

Other

Directions Information:

  • Directions: East of Dexter and South of Davison then East on Tuxedo

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,000
  • Price Per SqFt: $54/SqFt

Tax Information:

  • Annual Amount: $882
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

2951 Tuxedo St vs Detroit

11 DAYS ON ROCKET

-34 Days

$145,000

+$63.9K More

$54/SqFt

-$17 Less

KEY TAKEAWAY

This property is $63.9K more than the Median Sold Price and $17/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: #20240025945

Listing Office:

  • Office Name: Inside Realty, LLC
  • Office Phone: (248) 758-0022
  • Listing Agent: Farheen Din

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: 5/3/2024, 2:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$882$18,300
2020$847$17,000
2018$847$15,100
2017$844$15,400

History based on county public records data.

Payment Calculator

$791

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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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-5381005
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 1.40 miles

  • Public Charter Grades KG-5

school-card-donut-5381006
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.57 miles

  • Public Charter Grades KG-5

school-card-donut-5381007
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.62 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 $26,154. Typical income of Detroit, MI residents is less than $35k annually. The most common type of family is 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›48206›2951 Tuxedo St

This home is located at 2951 Tuxedo St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 2,706 square foot home, which was built in 1924, sits on a 0.10 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $145,000.

In April 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 243 sold below and more than 89 were sold right at the asked price. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. While the average time on the market in April 2024 was 45 days, the median list price was $81,036.

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

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