10 days on rocket

5557 Moran St, Detroit, MI, 48211

$6,500

Home List Price

$77*

Closing Credit

2 Full Baths
1,980 SqFt
$3/SqFt
Multi
Schools Nearby

Location

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5557 Moran St, Detroit$6,500

Buyer Closing Credits

$77*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1909
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240024484
Lot Size0.08 Acres
StatusActive

About 5557 Moran St

Investment opportunity in this multi-family located near Detroit's Poletown East neighborhood, near Warren Meldrum Park, Callahan Playground, and Faygo Beverages! Sale includes 5 adjacent lots 5543, 5551, 5561, 5571, 5537 Moran. Sale contingent on buyer/seller executed development agreement. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatements and lot combinations that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatements on the purchase and development financing. Contact listing broker with any questions.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1909
  • Stories: 2
  • Living Area: 1,980 SqFt

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: S. of E. Grand Blvd./W of Moran

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,500
  • Price Per SqFt: $3/SqFt
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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

5557 Moran St vs Detroit

10 DAYS ON ROCKET

-39 Days

$6,500

-$73.6K Less

$3/SqFt

-$67 Less

KEY TAKEAWAY

This property is $73.6K less than the Median Sold Price and $67/SqFt less 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: #20240024484

Listing Office:

  • Office Name: Bellabay Realty Tri Counties
  • Office Phone: (248) 274-6614
  • Listing Agent: Natasha C Richards

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: 4/28/2024, 4:25:19 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 - -

History based on county public records data.

Payment Calculator

$100

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$86

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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-2389145
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 0.89 miles

  • Public Charter Grades KG-4

school-card-donut-2389146
7
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 1.20 miles

  • Public Charter Grades 2-4

school-card-donut-2389147
4
/10

  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 1.80 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,636. The majority of Detroit, MI residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48211›5557 Moran St

This home is located at 5557 Moran St in Detroit, MI and zip code 48211 in the Downtown neighborhood. This 1,980 square foot home, which was built in 1909, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $6,500.

While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. 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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