6 months on rocket

5095 Van Dyke St, Detroit, MI, 48214

$123,000

Home List Price

$1,461*

Closing Credit

2 Full Baths
2,452 SqFt
$50/SqFt
Multi
Schools Nearby

Location

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5095 Van Dyke St, Detroit$123,000

Buyer Closing Credits

$1,461*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved
Year Built1918
HeatingNatural Gas, Steam
BasementYes
MLS #20230092320
Lot Size0.08 Acres
StatusActive

About 5095 Van Dyke St

Don't miss out on this incredible Pingree Park Area Two Family Flat! Seller agrees to pay maximum allowable closing costs, not to exceed 6% of the purchase price. Currently rented at $1950.00 per month (electrical, heat and water included. 5095 Van Dyke: $1,200.00 and 5099 VAN DYKE: $750.00 per month (heat, water inc.). Newly signed leases for both units in January 2024. Unlock instant equity at closing! New roof, new plumbing, electrical and heating completed. Income opportunity near Eastern Market. Become a landlord overnight. Both units rented at $1,950.00 per month total. Each unit has separate front and rear entry, plus an in-unit laundry connection with separate electrical and private lower and upper rear decks. The third floor is unfinished, but could become additional income unit or renovated to a second floor loft to the upper unit. Private gated parking in rear for 3 cars. DIY-with the right touches and a little TLC, this could be a treasure. Financing available with Scott Falconer at Prime Lending. Property is eligible for Neighborhood Edge grant program. Up to $7500.00 in closing cost assistance.(must qualify) Contact listing agent for details.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex, Historic, Upper/Lower Apartment
  • Year Built: 1918
  • Stories: 3
  • Living Area: 2,452 SqFt

Listing Office:

  • Office Name: Historic Realty Detroit
  • Office Phone: (313) 752-0533
  • Listing Agent: Hubert Jason Hill

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Steam

Other

Directions Information:

  • Directions: I-75 to Mack make left, take Mack to Gratiot make left, take Gratiot to Van Dyke make right

Price Information

Listing Price Info

Price Summary:

  • List Price: $123,000
  • Price Per SqFt: $50/SqFt

Tax Information:

  • Annual Amount: $1,693
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$81K

Med. Price/SqFt

$70

Avg. Days On Market

45

# of Sold Homes

426

5095 Van Dyke St vs Detroit

186 DAYS ON ROCKET

+141 Days

$123,000

+$41.9K More

$50/SqFt

-$21 Less

KEY TAKEAWAY

This property is $41.9K more than the Median Sold Price and $21/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: #20230092320

Listing Office:

  • Office Name: Historic Realty Detroit
  • Office Phone: (313) 752-0533
  • Listing Agent: Hubert Jason Hill

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: 5/3/2024, 2:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,693$16,200
2020$1,106$17,200
2018$1,106$12,100
2017$1,101$13,500

History based on county public records data.

Payment Calculator

$681

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$435

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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-5123019
7
/10
  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 1.49 miles

  • Public Charter Grades KG-4

school-card-donut-5123020
7
/10
  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 1.68 miles

  • Public Charter Grades 2-4

school-card-donut-5123021
4
/10
  • University Preparatory Science and Math - Elementa

  • 2251 Antietam Ave

  • 2.19 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,000. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas


Rocket Homes›Michigan›Wayne County›Detroit›48214›5095 Van Dyke St

This home is located at 5095 Van Dyke St in Detroit, MI and zip code 48214 in the Lower East neighborhood. This 2,452 square foot home, which was built in 1918, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 30, 2023 and is currently priced at $123,000.

While more than 94 listings in Detroit, MI in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 243 were sold below. The number of listings in Detroit, MI increased by 12.7% between March 2024 and April 2024. While the average time on the market in April 2024 was 45 days, the median list price was $81,036.

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

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