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5519 Somerset Ave, Detroit, MI, 48224

$10,000

Home List Price

$119*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,560 SqFt
$6/SqFt
House
Schools Nearby

Location

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5519 Somerset Ave, Detroit$10,000

Buyer Closing Credits

$119*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
Year Built1928
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240006443
Lot Size0.11 Acres
StatusAccepting Backup Offers

About 5519 Somerset Ave

*** OPEN HOUSE THURSDAY, 3/7 FROM 9-10 AM!!! **** highest and best is due 3/7/2024 at noon**** *** This 3-bedroom, 1.5-bathroom brick home presents an ideal chance for those with a keen eye for potential. This property exudes charm and promises a canvas ready for transformation. Don't miss out on the chance to breathe new life into this diamond in the rough. Sold as-is. Disclosure: home needs a new roof there is an active leak, full hvac replacement as boiler system is non-functional and full re-plumb and electrical.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1928
  • Stories: 1
  • Living Area: 1,560 SqFt

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erika Baker

Interior Features

Interior Information:

  • Basement: Yes

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: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: From Outer Dr E, turn right to Somerset Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,000
  • Price Per SqFt: $6/SqFt

Tax Information:

  • Annual Amount: $1,860
  • 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

5519 Somerset Ave vs Detroit

82 DAYS ON ROCKET

+33 Days

$10,000

-$70.1K Less

$6/SqFt

-$64 Less

KEY TAKEAWAY

This property is $70.1K less than the Median Sold Price and $64/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: #20240006443

Listing Office:

  • Office Name: Keller Williams Realty-Great Lakes
  • Office Phone: (586) 541-4000
  • Listing Agent: Erika Baker

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, 5:25:19 PM 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 22, 2013Home Sold
$35,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,860$16,500
2020$1,211$15,300
2018$1,211$11,900
2017$1,205$11,000

History based on county public records data.

Payment Calculator

$117

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$96

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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-1450918
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.74 miles

  • Public Charter Grades KG-5

school-card-donut-1450919
5
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-1450920
8
/10

  • Lewis Marie Elementary School

  • 740 Cadieux Rd

  • 1.83 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,742. The most common annual income of people living in Detroit, MI is between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5519 Somerset Ave

What is the listing price of this property?

The listing price of 5519 Somerset Ave property is $10,000.

What type of property is this?

The property 5519 Somerset Ave is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Accepting Backup Offers: 5519 Somerset Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,860 (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 22, 2013 for $35,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5519 Somerset Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5519 Somerset Ave is 1,560 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5519 Somerset Ave is 1928.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5519 Somerset Ave

This home is located at 5519 Somerset Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,560 square foot home, which was built in 1928, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 05, 2024 and is currently priced at $10,000.

Over 94 listings were sold over their listed price in March 2024 in Detroit, MI. In the same period over 224 listings were sold below the listed price and 74 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between February 2024 and March 2024 increased by 10.7%. While the average time on the market in March 2024 was 49 days, the median list price was $80,163.

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

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