4 months on rocket

5045 Trumbull, Detroit, MI, 48208

$900,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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5045 Trumbull, Detroit$900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1910
HeatingForced Air, Natural Gas
BasementYes
MLS #24000060
Lot Size0.37 Acres
StatusActive

About 5045 Trumbull

Located in the heart of Detroit, this 9,000 square foot building was formerly a funeral home and is a great opportunity for investors. The building could remain a commercial operation, be utilized as professional office space or be rezoned for multi-family use. It has a private onsite parking lot and is easily accessible. The building has been maintained throughout its life and is in good condition. Across the street from Wayne State Field House and Athletic Club. Don't miss this prime location, close to downtown Detroit with all the amenities the city has to offer! Professional sports, world class casinos and decades or entertainment history just blocks away!

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: KW Advantage
  • Office Phone: (248) 380-8800, (810) 227-5500
  • Listing Agent: Patrick Williams, Erin McKenzie

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Follow I-96 E, I-96 Express/Jeffries Fwy and I-96 E to W Edsel Ford Service Dr in Detroit. Take exit 214B from I-94 E. Take exit 214B for Trumbull Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $900,000
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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

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

5045 Trumbull vs Detroit

122 DAYS ON ROCKET

+77 Days

$900,000

+$818.9K More

KEY TAKEAWAY

This property is $818.9K more than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Michigan Regional Information Center (MichRIC)
  • MLS Number: #24000060

Listing Office:

  • Office Name: KW Advantage
  • Office Phone: (248) 380-8800, (810) 227-5500
  • Listing Agent: Patrick Williams, Erin McKenzie

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 9:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,765

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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-5009256
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.63 miles

  • Public Charter Grades KG-5

school-card-donut-5009257
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 0.94 miles

  • Public Charter Grades KG-5

school-card-donut-5009258
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 2.42 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,530. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48208›5045 Trumbull

This home is located at 5045 Trumbull in Detroit, MI and zip code 48208 in the Jeffries neighborhood. This home, which was built in 1910, sits on a 0.37 acre lot. It has been listed on Rocket Homes since January 01, 2024 and is currently priced at $900,000.

In April 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 243 sold below and more than 89 were sold right at the asked price. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. In April 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $81,036.

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

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