$819 Closing Credit¹
#20250006988, Verdieman Smith, Robert LaBute, Listing Office: Real Estate Management Specialists Inc
$85,000 List price
18512 Salem St Detroit, MI 48219
$1,009
Closing credit¹
5 beds
2 full
1,768 sqft
0.2 acres
$48 / sqft
House
Property details
About 18512 Salem St
great opportunity, below market offering for this brick colonial on an oversized lot, detached two car garage. Currently tenant occupied, managed by REMS Inc. since 2017 with same tenant who wants to stay. Current lease till February 2026 at $925.00 per month. Retail values and demand for the location have been amazing. Subject has had some updates, New electrical service with circuit breakers. opened kitchen with snack bar counter space. Formal dining room, living room with natural fireplace, leaded glass doored bookshelves. There are no showings or disturbing of the tenants. showing only after an offer has been signed and accepted.
Highlights
Home typeSingle Family Residence
HeatingHot Water, Natural Gas
StatusActive
Size1,768 sqft
BasementYes
Lot size0.22 Acres
Year built1928
ParkingTwo Car Garage, Detached
MLS #20240093992
Garage2 spaces
FireplaceLiving Room
Summary
- MLS Number: 20240093992
- MLS Name: Realcomp II Ltd
- Office Name: Real Estate Management Specialists Inc
- Office Phone: (313) 533-6300
- Listing Agent: Robert LaBute
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.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 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: 2/21/2025, 4:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$85,000
18512 Salem St
$1,009
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $64,900 | $1,734 |
| 2023 | $51,000 | $1,734 |
| 2022 | $34,900 | $2,526 |
| 2021 | $24,900 | $2,526 |
| 2020 | $21,400 | $1,508 |
| 2018 | $15,100 | $1,508 |
| 2017 | $15,400 | $1,551 |
History based on county public records data.
Nearby schools
3
Distinctive College Preparatory
Public Charter KG-5
0.8 mi
•17175 Olympia
1
Beech Elementary School
Public District 2-5
0.9 mi
•19990 Beech Daly Rd
1
Old Redford Academy Elementary School
Public Charter PK-4
1.4 mi
•17195 Redford St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,254. Most Detroit, MI residents have annual incomes less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
54%
<35k
44%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
23%
Single, with Kids
16%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
13%
12-17 yrs old
24%
18-34 yrs old
36%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Popeyes
What do the neighbors drive?
Kia
Dodge
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 18512 Salem St
This home is located at 18512 Salem St in Detroit, MI and zip code 48219 in the Old Redford neighborhood. This 1,768 square foot home, which was built in 1928, sits on a 0.22 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 9, 2025 and is currently priced at $85,000.
Detroit, MI housing market in January 2025 saw over 76 listings sold above listed price, more than 63 sold at listed price and over 192 sold below. In January 2025 in Detroit, MI there were 8.7% more homes for sale than in December. The median list price of listings available in January 2025 was $87,445, while the average time on the real estate market was 58 days.
From Rocket Homes Real Estate and based on county public records data.