2 years on rocket

4613 Meldrum St, Detroit, MI, 48207

$4,250

Home List Price

$50*

Closing Credit

2 Full Baths
2,378 SqFt
$2/SqFt
Multi
Schools Nearby

Location

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4613 Meldrum St, Detroit$4,250

Buyer Closing Credits

$50*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1912
HeatingNatural Gas, Radiant
BasementYes
MLS #2210096678
Lot Size0.07 Acres
StatusActive

About 4613 Meldrum St

Welcome to the latest offering from the Detroit Land Bank Authority. Brick 2 family flat in need of a total rehab. This property also includes the adjacent lots at 4603 Meldrum and 4619 Meldrum. Be advised that all potential buyers are required to prepare a proposal/proforma in order to qualify to purchase. DLBA proposal guidelines are attached for review. Please note that the Detroit Land bank Authority 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 abatements and lot combinations 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 abatements on the purchase and development financing. Please refer to DLBA proposal guidelines

Property Details

Property Features

Property Information:

  • Architectural Style: Upper/Lower Apartment
  • Year Built: 1912
  • Stories: 2
  • Living Area: 2,378 SqFt

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant

Other

Directions Information:

  • Directions: i 94 east to mt elliot go south to meldrum go east

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,250
  • 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

4613 Meldrum St vs Detroit

885 DAYS ON ROCKET

+836 Days

$4,250

-$75.9K Less

$2/SqFt

-$68 Less

KEY TAKEAWAY

This property is $75.9K 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: #2210096678

Listing Office:

  • Office Name: Real Estate One-Southfield
  • Office Phone: (248) 723-0055
  • Listing Agent: Gene Kelley II

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, 9:25:19 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 - -

History based on county public records data.

Payment Calculator

$89

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$79

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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-1609130
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 0.64 miles

  • Public Charter Grades KG-4

school-card-donut-1609131
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.41 miles

  • Public Charter Grades KG-5

school-card-donut-1609132
7
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 1.78 miles

  • Public Charter Grades 2-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,000. Most Detroit, MI residents have annual incomes 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›48207›4613 Meldrum St

This home is located at 4613 Meldrum St in Detroit, MI and zip code 48207 in the Lower East neighborhood. This 2,378 square foot home, which was built in 1912, sits on a 0.07 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 24, 2021 and is currently priced at $4,250.

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. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. 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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