4 months on rocket

551 Algonquin St, Detroit, MI, 48215

$99,000

Home List Price

$1,176*

Closing Credit

2 Bedrooms
1 Full Bath
960 SqFt
$103/SqFt
House
Schools Nearby

Location

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551 Algonquin St, Detroit$99,000

Buyer Closing Credits

$1,176*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage1 space
Year Built1917
HeatingForced Air, Natural Gas
BasementYes
FireplaceFamily
MLS #23145942
Lot Size0.09 Acres
StatusActive

About 551 Algonquin St

Investment opportunity awaits at 551 Algonquin St in vibrant Detroit, MI. This property offers great income potential. With renovations, it can attract long-term tenants or be a profitable rental. Located close to amenities and major transportation routes. The upstairs is studded but unfinished. Enough room for an additional 2-3 bedrooms, or a possible Multi-family conversion. Two vacant adjacent lots are owned by the same owner. Make an offer on them! Both lots are 102ft x 35 ft. Don't miss out on this prime investment. Schedule your private tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1917
  • Stories: 2
  • Living Area: 960 SqFt

Listing Office:

  • Office Name: Keller Williams Paint Creek
  • Office Phone: (248) 609-8000
  • Listing Agent: Joseph Delia, Johnathon Sesi

Interior Features

Interior Information:

  • Appliances: Microwave, Oven, Refrigerator
  • Basement: Yes
  • Fireplace: Family

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Right on to Algonquin

Price Information

Listing Price Info

Price Summary:

  • List Price: $99,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $329
  • 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

551 Algonquin St vs Detroit

123 DAYS ON ROCKET

+74 Days

$99,000

+$18.8K More

$103/SqFt

+$33 More

KEY TAKEAWAY

This property is $18.8K more than the Median Sold Price and $33/SqFt more than other homes 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: #23145942

Listing Office:

  • Office Name: Keller Williams Paint Creek
  • Office Phone: (248) 609-8000
  • Listing Agent: Joseph Delia, Johnathon Sesi

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: 4/30/2024, 5:20:22 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$329$5,355
2020$594$6,000
2018$594$4,100

History based on county public records data.

Payment Calculator

$562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$363

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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-3826915
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.57 miles

  • Public District Grades KG-5

school-card-donut-3826916
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 2.53 miles

  • Public District Grades KG-5

school-card-donut-3826917
6
/10

  • Richard Elementary School

  • 176 Mckinley Ave

  • 3.27 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 majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 551 Algonquin St

What is the listing price of this property?

The listing price of 551 Algonquin St property is $99,000.

What type of property is this?

The property 551 Algonquin St is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 551 Algonquin St 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 $329 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 551 Algonquin St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 551 Algonquin St is 960 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 551 Algonquin St is 1917.

Rocket Homes›Michigan›Wayne County›Detroit›48215›551 Algonquin St

This home is located at 551 Algonquin St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 960 square foot home, which was built in 1917, sits on a 0.09 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 29, 2023 and is currently priced at $99,000.

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%. In March 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $80,163.

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

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