#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
Home typeUnimproved Land
StatusActive
Lot size0.02 Acres
MLS #20240044863
Summary
- MLS Number: 20240044863
- MLS Name: Realcomp II Ltd
- Office Name: Real Estate One-Southfield
- Office Phone: (248) 723-0055
- Listing Agent: Gene Kelley II
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: 3/10/2025, 12:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$73,214
537 Jefferson
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Price information
Property sales
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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. Most Detroit, MI residents have annual incomes less than $<35k. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
62%
<35k
34%
35k-100k
4%
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?
71%
Single, No Kids
17%
Single, with Kids
7%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
30%
18-34 yrs old
39%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Tennis
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Crate & Barrel
Banana Republic
IKEA
Where do the neighbors go to eat?
Starbucks
Jack In The Box
Quiznos
What do the neighbors drive?
BMW
Toyota
Lexus
What do the neighbors listen to?
News
Jazz
Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 537 Jefferson
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.
While more than 68 listings in Detroit, MI in February 2025 were sold above asking price, there were more than 60 listings sold at asking price, and more than 203 were sold below. The number of listings in Detroit, MI increased by 7% between January and February 2025. Listings spent 59 days on the market in February 2025, and had a median list price of $88,760 during the same period.
From Rocket Homes Real Estate and based on county public records data.