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Backup Offers

616 Belmont St, Detroit, MI, 48202

$95,000

Home List Price

$1,128*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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616 Belmont St, Detroit$95,000

Buyer Closing Credits

$1,128*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1915
HeatingNone
CoolingNone
BasementYes
MLS #24003292
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Active Backup)

About 616 Belmont St

**MULTIPLE OFFERS RECEIVED, HIGHEST & BEST DUE 3/16/2024 AT 2PM.** This 2 Family Flat is YOURS TO DESIGN from the inside and out, whichever way your heart desires. Welcome to 616 + 618 BELMONT STREET located just a hop skip and a jump from DOWNTOWN DETROIT which takes you just about 11 Minutes when driving. This properties potential has yet to be touched! With comparable property selling for upwards of $350K, THE ROI IS UNMATCHED. Ever heard of house hacking? With this property you can live in one unit, and rent out the other in no time with rental amounts for 3 bedroom units renting out for upwards of $1,300/MONTH you can live RENT FREE all while staying close to the latest happenings. Do not miss this opportunity before it is gone. Start building your portfolio today!

Property Details

Property Features

Property Information:

  • Year Built: 1915

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Nathaniel Richards, Boyd Rudy

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $95,000

Tax Information:

  • Annual Amount: $924
  • 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

616 Belmont St vs Detroit

107 DAYS ON ROCKET

+58 Days

$95,000

+$14.8K More

KEY TAKEAWAY

This property is $14.8K more 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: #24003292

Listing Office:

  • Office Name: KW Professionals
  • Office Phone: (734) 459-4700
  • Listing Agent: Nathaniel Richards, Boyd Rudy

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: 5/1/2024, 12:20:24 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 08, 2020Home Sold
$61,000

Tax History

YEARPROP. TAXASSESSMENT
2021$924$16,900
2020 - $15,400

History based on county public records data.

Payment Calculator

$542

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$351

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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-4174894
3
/10

  • Dickinson West Elementary School

  • 2333 Burger St

  • 0.82 miles

  • Public District Grades KG-6

school-card-donut-4174895
5
/10

  • Henry Ford Academy:School For Creative Studies-Ele

  • 10225 3rd St

  • 0.84 miles

  • Public Charter Grades KG-5

school-card-donut-4174896
5
/10

  • Dickinson East Elementary School

  • 3385 Norwalk St

  • 1.39 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,878. Most Detroit, MI residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48202›616 Belmont St

This home is located at 616 Belmont St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This home, which was built in 1915, sits on a 0.10 acre lot. It has been listed on Rocket Homes since January 15, 2024 and is currently priced at $95,000.

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. 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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