3 months on rocket

11511 Somerset Ave, Detroit, MI, 48224

$54,900

Home List Price

$652*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,266 SqFt
$43/SqFt
House
Schools Nearby

Location

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11511 Somerset Ave, Detroit$54,900

Buyer Closing Credits

$652*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1950
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230103843
Lot Size0.12 Acres
StatusActive

About 11511 Somerset Ave

**INVESTORS** This 3 bedroom, 1.5 bathroom brick bungalow would make a great addition to your rental portfolio or even possibly a good fix-n-flip! With rents in the neighborhood as high as $1,200/month and ARVs in the $110-125K range, there are multiple strategies for how to have this property make you money! The property features forced-air heating, a 3D architectural shingle roof, PEX & PVC plumbing, beautiful hardwood floors throughout most of the 1st floor, a massive 2nd floor primary bedroom w/ a 1/2 bathroom, and an updated 100 amp circuit breaker panel! This property is located just outside of the East Warren/Cadieux Strategic Neighborhood Fund area, which has see multiple streetscapes revamped and improved, hundreds of homes rehabbed and brought back to productive use, and inflow of new homeowners, and millions in public and private investment with more to come!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,266 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: 100 Amp Service, Cable Available, Circuit Breakers, Furnished - No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Moross turn South on Somerset

Price Information

Listing Price Info

Price Summary:

  • List Price: $54,900
  • Price Per SqFt: $43/SqFt

Tax Information:

  • Annual Amount: $982
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

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Detroit, MI

City

Med. Sold Price

$80.1K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

392

11511 Somerset Ave vs Detroit

107 DAYS ON ROCKET

+58 Days

$54,900

-$25.2K Less

$43/SqFt

-$27 Less

KEY TAKEAWAY

This property is $25.2K less than the Median Sold Price and $27/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20230103843

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain

IDXDisclaimer: 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 © 2024 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: 4/27/2024, 2:25:19 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

Apr 10, 2019Home Sold
$70,000
Dec 12, 2018Home Sold
$12,000
May 13, 2013Home Sold
$37,500

Tax History

YEARPROP. TAXASSESSMENT
2021$982$18,900
2020$836$17,600
2018$836$12,700
2017$833$12,900

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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NMLS#3030

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-1000378
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.97 miles

  • Public Charter Grades KG-5

school-card-donut-1000379
3
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.05 miles

  • Public Magnet Grades 4-6

school-card-donut-1000380
2
/10

  • Chandler Park Academy - Elementary School

  • 20200 Kelly Rd

  • 1.30 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,431. Typical income of Detroit, MI residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 11511 Somerset Ave

What is the listing price of this property?

The listing price of 11511 Somerset Ave property is $54,900.

What type of property is this?

The property 11511 Somerset Ave is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 11511 Somerset Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $982 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 10, 2019 for $70,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 11511 Somerset Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 11511 Somerset Ave is 1,266 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 11511 Somerset Ave is 1950.

Rocket Homes›Michigan›Wayne County›Detroit›48224›11511 Somerset Ave

This home is located at 11511 Somerset Ave in Detroit, MI and zip code 48224 in the Denby neighborhood. This 1,266 square foot home, which was built in 1950, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2024 and is currently priced at $54,900.

While more than 94 listings in Detroit, MI in March 2024 were sold above asking price, there were more than 74 listings sold at asking price, and more than 224 were sold below. The number of homes for sale in Detroit, MI increased by 10.7% between February 2024 and March 2024. In March 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $80,163.

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

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