Nice sized buildable land in Islandview in the vibrant and growing Villages neighborhood.
Low Income Housing Income Tax Potential – According to the U.S. Housing and Urban Development website, this property is located in a Qualified Tract Zone, which allows for an additional 30% of low income housing credits, in addition to the 9% credit on qualified development costs. Buyer to Verify
Zoning - The property is zoned R5, which allows for apartments/affordable housing to be constructed. Also, R5 zoning may allow for certain specified non-residential uses, as long as those uses can be blended into the district. So, for example, the first floor of a building could be rented out to businesses such as convenience stores, gyms, hair/nail salon, and other businesses which directly support residents.
Lot/land
$115,000
7320 E Lafayette St, Detroit, MI 48214
--beds
--baths
0.3Acres
Land
Built in ----
0.3 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Buildable land
- 715 days |
- 20 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Bill Swanson 313-506-5471,
O'Connor Realty Detroit, LLC 313-963-9891
Source: Realcomp II,MLS#: 20240050145
Facts & features
Interior
Features
- Has basement: No
- Has fireplace: No
Property
Lot
- Size: 0.3 Acres
- Dimensions: 125 x 103
- Features: Corner Lot, Sidewalk
Details
- Parcel number: 17013509..11
- Zoning description: MultiFamily, Residential
- Special conditions: Short Sale No,Standard
Utilities & green energy
- Sewer: Sewer At Street
- Water: Waterat Street
- Utilities for property: Electricity Available, Natural Gas Available
Community & HOA
Community
- Subdivision: M. W. FIELDS SUB (PLATS)
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Tax assessed value: $1,200
- Annual tax amount: $103
- Date on market: 7/23/2024
- Cumulative days on market: 715 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Estimated market value
Not available
Estimated sales range
Not available
$1,073/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2025 | Price change | $115,000-8% |
Source:  Realcomp II #20240050145 Report a problem | ||
| 7/23/2024 | Listed for sale | $125,000 |
Source: Realcomp II #20240050145 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | -- |
| 2024 | -- | $1,200 |
| 2023 | -- | $1,200 |
| 2022 | -- | $1,200 |
| 2021 | -- | $1,200 |
| 2020 | $26 +53.3% | $1,200 |
| 2019 | $17 | $1,200 +500% |
| 2018 | $17 | $200 |
| 2017 | -- | $200 +100% |
| 2016 | $22 | $100 |
| 2015 | $22 -22.5% | $100 -65% |
| 2013 | $29 +29.1% | $286 -13.9% |
| 2010 | $22 | $332 |
| 2009 | -- | $332 |
| 2008 | -- | $332 |
| 2007 | -- | $332 +5.4% |
| 2005 | $4 | $315 +2.9% |
| 2004 | -- | $306 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Islandview
Nearby schools
GreatSchools rating
- 4/10Garvey AcademyGrades: PK-8Distance: 0.6 mi
- 3/10Southeastern High SchoolGrades: 9-12Distance: 2 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Michigan
- Wayne County
- Detroit
- 48214
- Islandview
- 7320 E Lafayette St
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Detroit Topics
