Residential infill development opportunity in Petoskey-Otsego neighborhood. The addresses included in the sale are: 8745 and 8771 Heritage Place. The DLBA is seeking proposals that for small- to medium-scale infill development with the goal of increasing housing supply and restoring the urban fabric, as well as density and walkability. A wide range of housing types are welcome and encouraged; such as Townhomes, Quadplex or SFR detached. Interested buyers should consult our proposal guidelines for new build opportunities. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood.
Property Details
Property Features
Listing Office:
Office Name: Premier Property Services LLC
Office Phone: (313) 822-9000
Listing Agent: James Bufalino
Lot Features
Lot Information:
Lot Size: 0.95 Acres
Other
Directions Information:
Directions: Two adjacent parcels at the corner of Otsego Ave & Heritage Place.
Price Information
Listing Price Info
Price Summary:
List Price: $30,000
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 Detroit, MI.
This property is $55K less than the Median Sold Price in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240005528
Listing Office:
Office Name: Premier Property Services LLC
Office Phone: (313) 822-9000
Listing Agent: James Bufalino
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.
$217
Per Month
Principal & Interest
$150
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
$156
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Barton Elementary School
8530 Joy Rd
Distance between this listing and this school1.77 miles
Public District Grades KG-5
2
/10
University Preparatory Art Design Elementary School
10225 3rd St
Distance between this listing and this school2.04 miles
Public Charter Grades KG-5
1
/10
University Preparatory Academy (PSAD) Elementary School
957 Holden St
Distance between this listing and this school2.22 miles
Public Charter Grades KG-5
Nearby Schools
1
/10
Sampson-Webber Leadership Academy
4700 Tireman St
Distance between this listing and this school0.79 miles
Public District Grades PK-8
1
/10
Thirkell Elementary-Middle School
7724 14th St
Distance between this listing and this school1.21 miles
Public District Grades KG-8
2
/10
Hope Academy
12121 Broadstreet Ave
Distance between this listing and this school1.24 miles
Public Charter Grades PK-8
Nearby Schools
3
/10
Northwestern High School
2200 W Grand Blvd
Distance between this listing and this school1.00 miles
Public District Grades 9-12
1
/10
Central Academy and High School
2425 Tuxedo St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
1
/10
West Side Academy of Information Technology and Cyber Securi
4701 McKinley St
Distance between this listing and this school1.81 miles
The neighbors living near this home have an average income of $14,740. Typical income of Detroit, MI residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8745 Heritage Pl
What is the listing price of this property?
The listing price of 8745 Heritage Pl property is $30,000.
What type of property is this?
The property 8745 Heritage Pl is land located in Detroit, Michigan, 48204.
Is this property for sale now?
Active Listing: 8745 Heritage Pl is For Sale (Active/New) which means the seller is accepting offers.
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, AI voice, 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 8745 Heritage Pl in Detroit, MI and zip code 48204 in the Rosa Parks neighborhood. This home sits on a 0.95 acre lot. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $30,000.
Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.
From Rocket Homes Real Estate and based on county public records data.