#20240071588, Erick Monzo, Listing Office: Keller Williams Realty-Great Lakes
Property details
About 537 Jefferson
Welcome to the latest offering from the Detroit Land Bank Authority. Over 12,000 sqft. of vacant land perfect for your new development ideas. Located in the Islandview subdivison. Total property consists of 7 total lots and is designated SD4. Sale includes: 499, 527, 535,521,505, and 515 Jefferson ct. 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. 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. 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/or 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. Please refer to DLBA proposal guidelines
Highlights
Summary
- Basement: No
- Attached Garage: No
- List Price: $73,214
- Directions: Jefferson ave east past meldrum to Jefferson ct. go north.
- Lot Size: 0.02 Acres
- MLS Number: 20240044863
- MLS Name: Realcomp II Ltd
- Office Name: Real Estate One-Southfield
- Office Phone: (248) 723-0055
- Listing Agent: Gene Kelley II
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Last updated on: 5/9/2025, 1:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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537 Jefferson
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Price information
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Tax history
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Nearby schools
1
Detroit Academy of Arts and Sciences
Public Charter KG-5
0.6 mi
•2985 E Jefferson Ave
3
University Preparatory Science and Math Elementary School
Public Charter KG-5
1.1 mi
•2251 Antietam Ave
8
Chrysler Elementary School
Public District KG-5
1.4 mi
•1445 E Lafayette 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 $31,420. Residents of Detroit, MI typically earn less than $<35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 537 Jefferson
The listing price of 537 Jefferson property is $73,214.
The property 537 Jefferson is land located in Detroit, Michigan, 48207.
Active Listing: 537 Jefferson is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 537 Jefferson are: Detroit Academy of Arts and Sciences (GreatSchools Rating 1/10), University Preparatory Science and Math Elementary School (GreatSchools Rating 3/10), Chrysler Elementary School (GreatSchools Rating 8/10), Detroit Academy of Arts and Sciences Middle School (GreatSchools Rating 1/10), Bunche Preparatory Academy (GreatSchools Rating 1/10), Garvey Academy (GreatSchools Rating 2/10), Martin Luther King Jr. Senior High School (GreatSchools Rating 3/10), University Preparatory Science and Math (PSAD) High School (GreatSchools Rating 3/10), Detroit Edison Public School Academy High School (GreatSchools Rating 6/10).
The property 537 Jefferson is 0.02 acres.
This home is located at 537 Jefferson in Detroit, MI and zip code 48207 in the Lower East neighborhood. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since July 8, 2024 and is currently priced at $73,214.
In April 2025, from all listings sold in Detroit, MI there were more than 93 sold above asking price, over 216 sold below and more than 85 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between March and April 2025 increased by 13.4%. In April 2025 median list price was $90,000 and the average listing age was 47 days.