2 months on rocket

501 E Edsel Ford Fwy, Detroit, MI, 48202

$75,000

0.08 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #20240008076
Lot Size0.08 Acres
StatusActive

About 501 E Edsel Ford Fwy

Stunning Detroit Property in the Heart of the Luxury Living in a Vibrant Community Presenting a truly remarkable opportunity to own a piece of Detroit's thriving real estate scene, this stunning property is now available for sale. Located in the sought-after Art Center neighborhood, this spacious home is just 2 blocks from the iconic Woodward Avenue, offering unparalleled access to the city's cultural and entertainment district. With the 48202 zip code, this property epitomizes urban living at its finest. Boasting a sprawling land area, this property features a large backyard, perfect for outdoor entertaining and relaxation. The well-maintained grounds provide a serene retreat in the heart of the bustling city. In addition, the property is enriched by the proximity to the renowned Cultural Center, Tech Town and Medbury Park, adding to the allure of this exceptional residence. Don't miss this opportunity to own a piece of Detroit's vibrant community and make this property your own. Contact us today to schedule a viewing and experience the luxury living that awaits you in this prime location.

Property Details

Property Features

Listing Office:

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

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Other

Directions Information:

  • Directions: Take Woodward Avenue to w edsel ford fwy service drive to Beaubien north corner of east edsel ford fwy service drive to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $75,000

Tax Information:

  • Annual Amount: $27
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

501 E Edsel Ford Fwy vs Detroit

63 DAYS ON ROCKET

+14 Days

$75,000

-$5.1K Less

KEY TAKEAWAY

This property is $5.1K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240008076

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: 4/27/2024, 7:25:19 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$27$400
2020$17$400
2018$17$300
2017$18$400

History based on county public records data.

Payment Calculator

$442

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

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Rocket Mortgage

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-1549656
4
/10
  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 0.54 miles

  • Public Charter Grades KG-5

school-card-donut-1549657
3
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.82 miles

  • Public Charter Grades KG-5

school-card-donut-1549658
7
/10
  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 1.56 miles

  • Public Charter Grades KG-4

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,271. Most Detroit, MI residents have annual incomes less than $35k. Most 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 501 E Edsel Ford Fwy

What is the listing price of this property?

The listing price of 501 E Edsel Ford Fwy property is $75,000.

What type of property is this?

The property 501 E Edsel Ford Fwy is land located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 501 E Edsel Ford Fwy 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 $27 (source: MLS/based on county public records data).

How much acreage is this property?

The property 501 E Edsel Ford Fwy is 0.08 acres.
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Rocket Homes›Michigan›Wayne County›Detroit›48202›501 E Edsel Ford Fwy

This home is located at 501 E Edsel Ford Fwy in Detroit, MI and zip code 48202 in the Midtown neighborhood. This home sits on a 0.08 acre lot. It has been listed on Rocket Homes since February 24, 2024 and is currently priced at $75,000.

In March 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 224 sold below and more than 74 were sold right at the asked price. Between February 2024 and March 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.7%. 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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