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3154 Lenox St, Detroit, MI, 48215

$35,000

Home List Price

$416*

Closing Credit

2 Bedrooms
1 Full Bath
1,124 SqFt
$31/SqFt
House
Schools Nearby

Location

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3154 Lenox St, Detroit$35,000

Buyer Closing Credits

$416*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1921
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240020854
Lot Size0.07 Acres
StatusActive

About 3154 Lenox St

This promising investment property nestled in the heart of Detroit and is brimming with character, perfect for experienced investors or those looking to make their mark on the Detroit housing landscape. This multi-level layout provides a spacious footprint for creative redesign. This property's generous lot size allows for potential expansion or exterior amenities. - Located within a community ripe for revitalization efforts, promising increasing future values. - Rental market insights indicate potential earning estimates of around $1,027 - $1,106 per month, adding allure for those interested in buy-to-rent strategies. - Requires comprehensive renovations - perfect for a tailor-made project. - Holds the promise of significant returns on investment post-renovation. Seize the opportunity to transform this property into a profitable venture. With homes in the area displaying a year-on-year growth in value, capitalize on the low entry price and the promising rental income projections. Whether you aim to flip or to rent, this property presents an exciting proposition in a dynamically evolving Detroit market.

Property Details

Property Features

Property Information:

  • Architectural Style: Raised Ranch
  • Year Built: 1921
  • Stories: 1
  • Living Area: 1,124 SqFt

Listing Office:

  • Office Name: National Realty Centers, Inc
  • Office Phone: (248) 468-1444
  • Listing Agent: Arianna Lee

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: North on Mack/ East on Lenox

Price Information

Listing Price Info

Price Summary:

  • List Price: $35,000
  • Price Per SqFt: $31/SqFt

Tax Information:

  • Annual Amount: $1,821
  • Tax Year: 2021
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Housing Market Comparison

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

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

3154 Lenox St vs Detroit

30 DAYS ON ROCKET

-15 Days

$35,000

-$46K Less

$31/SqFt

-$40 Less

KEY TAKEAWAY

This property is $46K less than the Median Sold Price and $40/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: #20240020854

Listing Office:

  • Office Name: National Realty Centers, Inc
  • Office Phone: (248) 468-1444
  • Listing Agent: Arianna Lee

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, 11:20:39 AM 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$1,821$9,900
2020$1,078$12,700
2018$1,078$9,700
2017$1,109$9,900

History based on county public records data.

Payment Calculator

$242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$171

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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-5273951
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.14 miles

  • Public District Grades KG-5

school-card-donut-5273952
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 2.13 miles

  • Public District Grades KG-5

school-card-donut-5273953
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.15 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 $18,462. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3154 Lenox St

What is the listing price of this property?

The listing price of 3154 Lenox St property is $35,000.

What type of property is this?

The property 3154 Lenox St is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 3154 Lenox St 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 $1,821 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3154 Lenox St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3154 Lenox St is 1,124 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3154 Lenox St is 1921.

Rocket Homes›Michigan›Wayne County›Detroit›48215›3154 Lenox St

This home is located at 3154 Lenox St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,124 square foot home, which was built in 1921, sits on a 0.07 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $35,000.

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. Between March 2024 and April 2024, Detroit, MI real estate market has seen increase in the number of listings by 12.7%. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $81,036.

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

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