3 months on rocket

302 Michigan Ave, Mobile, AL, 36604

$600,000

Home List Price

$7,125*

Closing Credit

10 Bedrooms
10 Full Baths
3,544 SqFt
$169/SqFt
Multi
Schools Nearby

Location

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302 Michigan Ave, Mobile$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1981
CoolingCentral Air, Ceiling Fan(s)
FireplaceNone
MLS #358577
Lot Size0.46 Acres
StatusActive

About 302 Michigan Ave

Updated, ten unit apartment building. This property is located in Midtown Mobile in an up and coming area. The city has multiple improvement projects in this vicinity as it is a main thoroughfare into Midtown/Downtown and the new Brookley Airport. Interstate access is less then five minutes away as well.The building was renovated approximately three years ago, so the units have updated vinyl plank floors, painted cabinets, neutral paint and new lighting fixtures.This building was being used for short term rentals previously but is now vacant. The seller reserves the right to rent the apartments to long term tenants. This property has plenty of parking, and a perfect location to add a coin or card operated laundry room to increase profitability.This property won't last long so call to see it today.

Property Details

Property Features

Property Information:

  • Year Built: 1981
  • Living Area: 3,544 SqFt

Listing Office:

  • Office Name: Bellator Real Estate LLC Mobil
  • Office Phone: (251) 786-4673
  • Listing Agent: Rameh Khazen

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Gas Range, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Eat-in Kitchen
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 10
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.46 Acres

Utilities

Utilities Information:

  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Downtown, head west, make a left onto Michigan Avenue. The property will be located on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $169/SqFt

Tax Information:

  • Annual Amount: $447
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Mobile, AL.

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Mobile, AL

City

Med. Sold Price

$239.8K

Med. Price/SqFt

$135

Avg. Days On Market

30

# of Sold Homes

91

302 Michigan Ave vs Mobile

92 DAYS ON ROCKET

+62 Days

$600,000

+$360.1K More

$169/SqFt

+$33 More

KEY TAKEAWAY

This property is $360.1K more than the Median Sold Price and $33/SqFt more than other homes in Mobile, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #358577

Listing Office:

  • Office Name: Bellator Real Estate LLC Mobil
  • Office Phone: (251) 786-4673
  • Listing Agent: Rameh Khazen

IDX Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 2:20:35 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

Oct 02, 2020Home Sold
$330,000
Feb 27, 2018Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$447$7,040
2019$360$5,680
2018$340$5,360
2017$340$5,360

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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-6928604
4
/10

  • Leinkauf Elementary School

  • 1410 Monroe St

  • 0.09 miles

  • Public District Grades KG-5

school-card-donut-6928605
4
/10

  • Erwin Craighead Elementary School

  • 1000 S Ann St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-6928606
2
/10

  • George Hall Elementary School

  • 1108 Antwerp St

  • 1.01 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,313. The majority of Mobile, AL residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Alabama›Mobile County›Mobile›36604›302 Michigan Ave

This home is located at 302 Michigan Ave in Mobile, AL and zip code 36604 in the Leinkauf neighborhood. This 3,544 square foot home, which was built in 1981, sits on a 0.46 acre lot. Features: 10 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $600,000.

In May 2024, from all listings sold in Mobile, AL there were more than 20 sold above asking price, over 44 sold below and more than 22 were sold right at the asked price. The number of homes for sale in Mobile, AL increased by 33.7% between April 2024 and May 2024. In May 2024 median list price was $239,826 and the average listing age was 30 days.

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

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