12 months on rocket

3408 Martin St, Detroit, MI, 48210

$138,900

Home List Price

$1,649*

Closing Credit

2 Full Baths
1,700 SqFt
$82/SqFt
Multi
Schools Nearby

Location

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3408 Martin St, Detroit$138,900

Buyer Closing Credits

$1,649*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1918
HeatingNatural Gas, Hot Water
BasementYes
MLS #20230028926
Lot Size0.07 Acres
StatusActive

About 3408 Martin St

2 UNITS _ -------NO INTEREST LAND CONTRACT AVAILABLE: 2 Units FOR SALE already collecting 1400 per month in Southwest Detroit just south of Michigan Avenue down the street from Cesar Chavez Elementary just minutes from Downtown Detroit near all the best shops and restaurants. Both units have been rehabbed prior to tenants move in. Studio unit with full bath and basement - 3 Bedroom has huge upper flat, 2 entry floor bedrooms, full bath and basement. This home would be perfect for an investor looking to purchase an investment home already collect monthly rental income! Purchaser to pay $495 processing fee to the listing broker at closing. Buyer will receive a clean title, warranty deed, and title insurance!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1918
  • Stories: 2
  • Living Area: 1,700 SqFt

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Rashad Elabed

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Cable Available, Circuit Breakers

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Just south of Michigan avenue and Cesar Chavez Academy in Southwest Detroit

Price Information

Listing Price Info

Price Summary:

  • List Price: $138,900
  • Price Per SqFt: $82/SqFt

Tax Information:

  • Annual Amount: $378
  • 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

3408 Martin St vs Detroit

364 DAYS ON ROCKET

+315 Days

$138,900

+$58.7K More

$82/SqFt

+$12 More

KEY TAKEAWAY

This property is $58.7K more than the Median Sold Price and $12/SqFt more 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: #20230028926

Listing Office:

  • Office Name: Downtown Realty
  • Office Phone: (313) 466-7253
  • Listing Agent: Rashad Elabed

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: 4/29/2024, 2:25:22 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$378$15,800
2020$676$15,000
2018$676$10,300
2017$674$9,200

History based on county public records data.

Payment Calculator

$761

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$483

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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-3154505
6
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 0.37 miles

  • Public Charter Grades 3-5

school-card-donut-3154506
3
/10

  • Voyageur Academy

  • 4321 Military St

  • 0.58 miles

  • Public Charter Grades KG-4

school-card-donut-3154507
4
/10

  • Salina Intermediate School

  • 2623 Salina St

  • 1.83 miles

  • Public District Grades 4-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,559. The majority of Detroit, MI residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48210›3408 Martin St

This home is located at 3408 Martin St in Detroit, MI and zip code 48210 in the Near West neighborhood. This 1,700 square foot home, which was built in 1918, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since May 01, 2023 and is currently priced at $138,900.

In March 2024 more than 94 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 224 were sold below. The number of listings in Detroit, MI increased by 10.7% between February 2024 and March 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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