This is an incredible opportunity to own a piece of land in an amazing location. Located in the heart of Rochester, this property is the perfect place to build your dream home or business. The property is currently vacant, with a house currently on the lot. You can either demolish the house and start from scratch, or purchase the property as-is. This lot is perfect for a new construction commercial build. It is a great town lot, located just a short walk away from downtown Rochester. Before you get started on your project, be sure to check with the city for all building requirements and zoning. This property is a great investment, as it is just a short distance away from some of the most popular attractions in Rochester. Don't miss out on this incredible opportunity. Make an offer today and start building your business.
Property Details
Property Features
Listing Office:
Office Name: KW Professionals
Office Phone: (734) 459-4700
Listing Agent: Jeff Glover
Lot Features
Lot Information:
Lot Size: 0.18 Acres
School Info
Assigned Schools Information:
Rochester High School, Public District Grades 9-12
West Middle School, Public District Grades 6-8
Long Meadow Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: N of University / West of Main
Price Information
Listing Price Info
Price Summary:
List Price: $469,900
Tax Information:
Annual Amount: $4,133
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Rochester, MI.
This property is $22.6K less than the Median Sold Price in Rochester, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20230066215
Listing Office:
Office Name: KW Professionals
Office Phone: (734) 459-4700
Listing Agent: Jeff Glover
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,413
Per Month
Principal & Interest
$2,346
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,475
Powered By
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.
Elementary School
8
/10
Long Meadow Elementary School
450 Allston Dr
Distance between this listing and this school1.15 miles
Public District Grades KG-5
Middle School
7
/10
West Middle School
500 Old Perch Rd
Distance between this listing and this school1.83 miles
Public District Grades 6-8
High School
7
/10
Rochester High School
180 S Livernois Rd
Distance between this listing and this school0.83 miles
Public District Grades 9-12
Assigned Schools
8
/10
Long Meadow Elementary School
450 Allston Dr
Distance between this listing and this school1.15 miles
Public District Grades KG-5
Nearby Schools
8
/10
McGregor Elementary School
1101 1st St
Distance between this listing and this school0.64 miles
Public District Grades PK-5
7
/10
North Hill Elementary School
1385 Mahaffy Ave
Distance between this listing and this school0.87 miles
Public District Grades PK-5
Assigned Schools
7
/10
West Middle School
500 Old Perch Rd
Distance between this listing and this school1.83 miles
Public District Grades 6-8
Nearby Schools
7
/10
Hart Middle School
6500 Sheldon Rd
Distance between this listing and this school1.50 miles
Public District Grades 6-8
9
/10
Van Hoosen Middle School
1339 N Adams Rd
Distance between this listing and this school3.17 miles
Public District Grades 6-8
Assigned Schools
7
/10
Rochester High School
180 S Livernois Rd
Distance between this listing and this school0.83 miles
Public District Grades 9-12
Nearby Schools
8
/10
Stoney Creek High School
575 E Tienken Rd
Distance between this listing and this school1.58 miles
Public District Grades 9-12
9
/10
Rochester Adams High School
3200 W Tienken Rd
Distance between this listing and this school3.04 miles
The neighbors living near this home have an average income of $40,808. The most common annual income of people living in Rochester, MI is less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 510 W University Dr
What is the listing price of this property?
The listing price of 510 W University Dr property is $469,900.
What type of property is this?
The property 510 W University Dr is land located in Rochester, Michigan, 48307.
Is this property for sale now?
Active Listing: 510 W University Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 510 W University Dr are: Long Meadow Elementary School: GreatSchools Rating 8/10West Middle School: GreatSchools Rating 7/10Rochester High School: GreatSchools Rating 7/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,133 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 510 W University Dr in Rochester, MI and zip code 48307. This home sits on a 0.18 acre lot. It has been listed on Rocket Homes since August 11, 2023 and is currently priced at $469,900.
In April 2024 more than 9 listings in Rochester, MI were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 12 were sold below. The number of listings in Rochester, MI increased by 6.9% between March 2024 and April 2024. In April 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $492,542.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: 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. 
NBA/WNBA
NBA/WNBA
Pro Boxing
Continuing Education Courses
Express/Express For Men
Burlington
Chico's
Starbucks
Popeyes
Qdoba
Pontiac
Dodge
Volkswagen
Urban Contemporary
Talk/Personality
News