3 months on rocket

3137 Garfield St, Detroit, MI, 48207

$64,900

Home List Price

$771*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3137 Garfield St, Detroit$64,900

Buyer Closing Credits

$771*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1914
HeatingHot Water, Gravity, Natural Gas
BasementYes
MLS #24005049
Lot Size0.13 Acres
StatusActive

About 3137 Garfield St

The lower unit has 3 good sized bedrooms and the upper unit has 2 bedrooms. This spectacular investment property is located very close to downtown Detroit. It's a perect location for live/work space. It would be a great place to rent or Airbnb. It has endless potential with a full basement accessible from both units; and open attic space that is accessible from the upper unit. There is a driveway where at least 3 cars can park and there is plenty of off street parking. Bring your paint brush, dumpster and decorating skills and have immediate sweat equity! This is a diamond in the rough located in a great redeveloping area near downtown. It could be an amazing rental, work-live space or Airbnb if renovated. Gain sweat equity in this two-family flat with an upper and lower unit. The property is being sold as-is whereas. The lower unit has a spacious living room and dining area that is open with high ceilings. There is hardwood floors and a good sized kitchen. The bedrooms are a generous size given the year built. There is a dedicated driveway and spacious backyard. The upper unit has high ceilings, a separate entrance and good sized rooms. Bring your paint, dumpster and decorating ideas to this wonderful home.

Property Details

Property Features

Property Information:

  • Year Built: 1914

Listing Office:

  • Office Name: Nextpointe Real Estate Service
  • Office Phone: (248) 298-5000
  • Listing Agent: Jaye Sanders

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Gravity, Natural Gas

Other

Directions Information:

  • Directions: Subject is South off McDougall between Forest Ave. and Canfield Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $64,900

Tax Information:

  • Annual Amount: $2,358
  • 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

3137 Garfield St vs Detroit

93 DAYS ON ROCKET

+48 Days

$64,900

-$16.1K Less

KEY TAKEAWAY

This property is $16.1K less 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: #24005049

Listing Office:

  • Office Name: Nextpointe Real Estate Service
  • Office Phone: (248) 298-5000
  • Listing Agent: Jaye Sanders

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, 10:20:22 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$2,358 -
2020$846$19,000
2018$846$18,700
2017$844$18,600

History based on county public records data.

Payment Calculator

$391

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-4431171
7
/10
  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 0.27 miles

  • Public Charter Grades KG-4

school-card-donut-4431172
4
/10
  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.18 miles

  • Public Charter Grades KG-5

school-card-donut-4431173
7
/10
  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 1.82 miles

  • Public Charter Grades 2-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $9,571. Residents of Detroit, MI typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas


Rocket HomesMichiganWayne CountyDetroit482073137 Garfield St

This home is located at 3137 Garfield St in Detroit, MI and zip code 48207 in the Downtown neighborhood. This home, which was built in 1914, sits on a 0.13 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $64,900.

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 inventory of homes for sale in Detroit, MI between March 2024 and April 2024 increased by 12.7%. Listings spent 45 days on the market in April 2024, and had a median list price of $81,036 during the same period.

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

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