5 months on rocket

Sale Pending

3240 Richton St, Detroit, MI, 48206

$300,000

Home List Price

$3,563*

Closing Credit

4 Full Baths
5,040 SqFt
$60/SqFt
Multi
Schools Nearby

Location

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3240 Richton St, Detroit$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1925
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
MLS #20230099385
Lot Size0.15 Acres
StatusSale Pending
(Pending)

About 3240 Richton St

**HUGE PRICE DROP FOR QUICK SALE** Being sold AS IS. Discover an Exceptional Investment Opportunity! Embrace the allure of this all-brick, 4-unit multi-family property, each unit partially renovated, presenting 4 bedrooms and 1 full bathroom in every dwelling. Seller will consider making additional improvements prior to closing but would prefer to sell AS IS. Schedule your showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1925
  • Stories: 3
  • Living Area: 5,040 SqFt

Listing Office:

  • Office Name: Elementary Homes LLC
  • Office Phone: (248) 850-2030
  • Listing Agent: Shawn Sturdivent

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: E of Livernois Ave and S of Davison St W

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $60/SqFt

Tax Information:

  • Annual Amount: $3,304
  • 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

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

3240 Richton St vs Detroit

155 DAYS ON ROCKET

+106 Days

$300,000

+$219.8K More

$60/SqFt

-$10 Less

KEY TAKEAWAY

This property is $219.8K more than the Median Sold Price and $10/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: #20230099385

Listing Office:

  • Office Name: Elementary Homes LLC
  • Office Phone: (248) 850-2030
  • Listing Agent: Shawn Sturdivent

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: 4/28/2024, 3:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 25, 2021Home Sold
$35,000
May 23, 2019Home Sold
$22,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,304$24,800
2020$2,156$23,000
2018$2,156$21,000
2017$1,517$21,500

History based on county public records data.

Payment Calculator

$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-1878318
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 1.61 miles

  • Public Charter Grades KG-5

school-card-donut-1878319
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.84 miles

  • Public Charter Grades KG-5

school-card-donut-1878320
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.89 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 $24,753. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type 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

Rocket Homes›Michigan›Wayne County›Detroit›48206›3240 Richton St

This home is located at 3240 Richton St in Detroit, MI and zip code 48206 in the Midtown neighborhood. This 5,040 square foot home, which was built in 1925, sits on a 0.15 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since November 24, 2023 and is currently priced at $300,000.

Detroit, MI housing market in March 2024 saw over 94 listings sold above listed price, more than 74 sold at listed price and over 224 sold below. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 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.

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