2 months on rocket

5203 Cecil St, Detroit, MI, 48210

$420,000

Home List Price

$4,988*

Closing Credit

3 Full Baths, 1 Partial
3,688 SqFt
$114/SqFt
Multi
Schools Nearby

Location

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5203 Cecil St, Detroit$420,000

Buyer Closing Credits

$4,988*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1931
HeatingNatural Gas, Forced Air, Hot Water
CoolingWindow Unit(s)
BasementYes
MLS #20240010957
Lot Size0.12 Acres
StatusActive

About 5203 Cecil St

Fantastic chance to acquire a 3-unit complex in Detroit with an added bonus of a storefront that's primed for your personalization. Currently gutted, the storefront offers an opportunity to transform it into a studio unit, potentially expanding the complex to a 4-unit property. Comprising two 1-bedroom units and one 2-bedroom unit, this complex promises great income potential in a highly desirable location. Featuring hardwood floors throughout, updated kitchens, and bathrooms, it offers modern amenities. Roof renovations are underway, ensuring structural integrity. This is an As-Is sale, with all buyers required to provide proof of available funds. Serious inquiries welcomed.

Property Details

Property Features

Property Information:

  • Architectural Style: Triplex, Upper/Lower Apartment
  • Year Built: 1931
  • Stories: 2
  • Living Area: 3,688 SqFt

Listing Office:

  • Office Name: Home Realty Partners
  • Office Phone: (248) 973-7884
  • Listing Agent: Steven Kouzikas

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Hot Water
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: I-94 West To Cecil Ave, Complex Sits On The South West Corner Of Cecil And I-94

Price Information

Listing Price Info

Price Summary:

  • List Price: $420,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $2,078
  • 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

5203 Cecil St vs Detroit

66 DAYS ON ROCKET

+17 Days

$420,000

+$339.8K More

$114/SqFt

+$44 More

KEY TAKEAWAY

This property is $339.8K more than the Median Sold Price and $44/SqFt more 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: #20240010957

Listing Office:

  • Office Name: Home Realty Partners
  • Office Phone: (248) 973-7884
  • Listing Agent: Steven Kouzikas

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: 4/29/2024, 10:25:21 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$2,078$18,700
2020$1,452$18,400
2018$1,452$13,100
2017$1,445$12,600

History based on county public records data.

Payment Calculator

$2,164

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,326

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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-3050576
6
/10

  • Cesar Chavez Academy Intermediate School

  • 4100 Martin St

  • 0.59 miles

  • Public Charter Grades 3-5

school-card-donut-3050577
3
/10

  • Voyageur Academy

  • 4321 Military St

  • 0.74 miles

  • Public Charter Grades KG-4

school-card-donut-3050578
5
/10

  • McDonald Elementary School

  • 10151 Diversey St

  • 1.58 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,961. The most common annual income of people living in Detroit, MI is less than $35k. Most families are 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

Rocket Homes›Michigan›Wayne County›Detroit›48210›5203 Cecil St

This home is located at 5203 Cecil St in Detroit, MI and zip code 48210 in the Near West neighborhood. This 3,688 square foot home, which was built in 1931, sits on a 0.12 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since February 22, 2024 and is currently priced at $420,000.

In March 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 224 sold below and more than 74 were sold right at the asked price. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $80,163, while the average time on the real estate market was 49 days.

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

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