3 months on rocket

5251 Montclair St, Detroit, MI, 48213

$65,000

Home List Price

$772*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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5251 Montclair St, Detroit$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1926
BasementYes
MLS #24002304
Lot Size0.11 Acres
StatusActive

About 5251 Montclair St

This brick multifamily unit has the potential to generate income through rental units. With each unit potentially renting for at least $1200 per month, this home is a promising investment opportunity. However, it's important to note that the statement ''all you need to do is some cosmetic updates'' may not necessarily reflect the full scope of work required. Furnace may contain Asbestos

Property Details

Property Features

Property Information:

  • Year Built: 1926

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Deshonna Igwenagha, Tiffany Stewart

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Other

Directions Information:

  • Directions: Take Shomaker to Montclair make a right

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000

Tax Information:

  • Annual Amount: $771
  • 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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

5251 Montclair St vs Detroit

115 DAYS ON ROCKET

+70 Days

$65,000

-$16K Less

KEY TAKEAWAY

This property is $16K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24002304

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (269) 600-4397
  • Listing Agent: Deshonna Igwenagha, Tiffany Stewart

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/3/2024, 12:50:37 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 15, 2009Home Sold
$15,000

Tax History

YEARPROP. TAXASSESSMENT
2021$771$13,800
2020$509$13,400
2018$509$12,800
2017$508$13,100

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-5149802
7
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 2.51 miles

  • Public Charter Grades 2-4

school-card-donut-5149803
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 2.82 miles

  • Public District Grades KG-5

school-card-donut-5149804
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 2.82 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,311. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5251 Montclair St

This home is located at 5251 Montclair St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This home, which was built in 1926, sits on a 0.11 acre lot. It has been listed on Rocket Homes since January 09, 2024 and is currently priced at $65,000.

Over 94 listings were sold over their listed price in April 2024 in Detroit, MI. In the same period over 243 listings were sold below the listed price and 89 listings were sold for the listed price. In April 2024 in Detroit, MI there were 12.7% more homes for sale than in March 2024. Listings spent 45 days on the market in April 2024, and had a median list price of $81,036 during the same period.

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

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