2 months on rocket

481 New Town St W, Detroit, MI, 48215

$300,000

Home List Price

$3,563*

Closing Credit

3 Bedrooms
3 Full Baths
1,593 SqFt
$188/SqFt
House
Schools Nearby

Location

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481 New Town St W, Detroit$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDirect Access, Electricity, Door Opener, Attached
Attached Garage2 spaces
Year Built1992
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s), Central Air
BasementYes
FireplaceLiving Room
MLS #20240008389
Lot Size0.17 Acres
StatusActive

About 481 New Town St W

BUYER FINANCING FELL THROUGH! Now Vacant and Move In Ready! Discover the epitome of comfort and convenience at 481 New Town St W, Detroit, MI—a charming ranch-style home nestled in a vibrant community. This unique property stands out with its single-story layout, offering unparalleled accessibility and privacy. Boasting 3 large and cozy bedrooms, 3 well-appointed bathrooms, all stainless steel appliances, first floor laundry room, a spacious finished basement perfect for entertainment or relaxation, and an attached two-car garage, it caters to all your needs. The serene outdoor deck and community dog park invite leisure and outdoor enjoyment. Positioned within a stone's throw from Belle Isle State Park, the Detroit Grand Prix, and the scenic Detroit RiverWalk, this home is a haven for those seeking a harmonious living experience amidst Detroit's rich cultural and recreational offerings. ***Updates Include*** 2022: - New Paint in Master bedroom - New Carpet in Master Bedroom 2023: - New kitchen appliances - Wall paper in the kitchen - Ceiling fans with lights added to master bedroom and living room

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1992
  • Stories: 1
  • Living Area: 1,593 SqFt

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Veronica A Seward

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Disposal, Dryer, Electric Range, Refrigerator, Ice Maker, Microwave, Range Hood, Self Cleaning Oven, Stainless Steel Appliance(s), Washer
  • Basement: Yes
  • Interior: Smoke Alarm, Central Vacuum, Circuit Breakers, Other, High Spd Internet Avail, Programmable Thermostat, Furnished - No
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Gate House, Used WaterSense® Irrigation Partner, Security Patrol

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Direct Access, Electricity, Door Opener, Attached

Virtual/3D Tour

  • 3D Tour: 481 New Town St W

3D Tour

Lot Features

Lot Information:

  • Lot: Irregular Lot
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: Enter Victoria Park W New Town 53 Victoria Park-Detroit Sub

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $188/SqFt

HOA Fees:

  • Amount: $95
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $5,119
  • 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

481 New Town St W vs Detroit

61 DAYS ON ROCKET

+12 Days

$300,000

+$219.8K More

$188/SqFt

+$118 More

KEY TAKEAWAY

This property is $219.8K more than the Median Sold Price and $118/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: #20240008389

Listing Office:

  • Office Name: Good Company
  • Office Phone: (248) 733-5811
  • Listing Agent: Veronica A Seward

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: 5/1/2024, 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

Listing History

Jun 20, 2018Home Sold
$200,000
Apr 01, 2015Home Sold
$141,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,119$94,400
2020$2,997$86,600
2018$2,997$64,200
2017$2,991$63,300

History based on county public records data.

Payment Calculator

$1,660

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-3997054
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.35 miles

  • Public District Grades KG-5

school-card-donut-3997055
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 2.23 miles

  • Public District Grades KG-5

school-card-donut-3997056
6
/10

  • Richard Elementary School

  • 176 Mckinley Ave

  • 2.95 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,991. The most common annual income of people living in Detroit, MI is less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 481 New Town St W

What is the listing price of this property?

The listing price of 481 New Town St W property is $300,000.

What type of property is this?

The property 481 New Town St W is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 481 New Town St W 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 $5,119 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 20, 2018 for $200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 481 New Town St W has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 481 New Town St W is 1,593 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 481 New Town St W is 1992.

Rocket Homes›Michigan›Wayne County›Detroit›48215›481 New Town St W

This home is located at 481 New Town St W in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 1,593 square foot home, which was built in 1992, sits on a 0.17 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 29, 2024 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. The inventory of homes for sale in Detroit, MI between February 2024 and March 2024 increased by 10.7%. While the average time on the market in March 2024 was 49 days, the median list price was $80,163.

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

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