1 year on rocket

3740 Rochester St, Detroit, MI, 48206

$10,000

Home List Price

$119*

Closing Credit

4 Full Baths
4,030 SqFt
$2/SqFt
Multi
Schools Nearby

Location

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3740 Rochester St, Detroit$10,000

Buyer Closing Credits

$119*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1924
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230020319
Lot Size0.10 Acres
StatusActive

About 3740 Rochester St

This property is sold in a bundle with 2 vacant lots 3724 and 3734 Rochester. Not sold separately. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan w/ Proof Of Funds OR Pre- Approval letter on a new construction loan. Please note that the DLBA is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. BATVAI. See attached documents for DLBA requirements and offer submission information.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1924
  • Stories: 2
  • Living Area: 4,030 SqFt

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III

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: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: TAKE DEXTER HEADED NORTH PASS JOY RD MAKE LEFT ONTO ROCHESTER

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,000
  • Price Per SqFt: $2/SqFt
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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

3740 Rochester St vs Detroit

401 DAYS ON ROCKET

+352 Days

$10,000

-$70.1K Less

$2/SqFt

-$68 Less

KEY TAKEAWAY

This property is $70.1K less than the Median Sold Price and $68/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: #20230020319

Listing Office:

  • Office Name: RCH Brokerage Legacy Inc
  • Office Phone: (248) 440-2268
  • Listing Agent: Leonard A Pickett III

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: 4/27/2024, 12:55:19 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 - -

History based on county public records data.

Payment Calculator

$117

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$96

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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-964119
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 1.71 miles

  • Public Charter Grades KG-5

school-card-donut-964120
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 2.41 miles

  • Public Charter Grades KG-5

school-card-donut-964121
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 2.53 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 $22,768. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48206›3740 Rochester St

This home is located at 3740 Rochester St in Detroit, MI and zip code 48206 in the Winterhalter neighborhood. This 4,030 square foot home, which was built in 1924, sits on a 0.10 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since March 22, 2023 and is currently priced at $10,000.

While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. In March 2024 median list price was $80,163 and the average listing age was 49 days.

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

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