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5540 Marseilles St, Detroit, MI, 48224

$65,000

Home List Price

$772*

Closing Credit

3 Bedrooms
1 Full Bath
783 SqFt
$83/SqFt
House
Schools Nearby

Location

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5540 Marseilles St, Detroit$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1938
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240024612
Lot Size0.10 Acres
StatusActive

About 5540 Marseilles St

Check out this cozy bungalow in the Cornerstone Village neighborhood. This home is in a strong community with the amenities of Grosse Pointe just minutes away including major grocery stores, shops, and restaurants just around the corner. Balduck Park is also within a pleasant walking distance. This home would make an excellent addition to any investment portfolio. Current tenants have a perfect payment history and prefer to stay! TENANT OCCUPIED, PLEASE DO NOT APPROACH HOME WITHOUT A CONFIRMED SHOWING BY A LICENSED AGENT.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1938
  • Stories: 1
  • Living Area: 783 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Lionez Kimber

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Awning/Overhang(s), Fenced

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: I94 to Moross Rd, south to Chandler Park Dr, west to Marseilles St, south to destination.

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $83/SqFt

Tax Information:

  • Annual Amount: $1,627
  • 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

5540 Marseilles St vs Detroit

5 DAYS ON ROCKET

-44 Days

$65,000

-$15.1K Less

$83/SqFt

+$13 More

KEY TAKEAWAY

This property is $15.1K less than the Median Sold Price and $13/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: #20240024612

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices The Loft Warehouse
  • Office Phone: (313) 658-6400
  • Listing Agent: Lionez Kimber

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: 4/23/2024, 6:25:18 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

Nov 18, 2011Home Sold
$22,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,627$10,900
2020$845$9,900
2018$845$7,000
2017$863$7,100

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-2210715
3
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.14 miles

  • Public Magnet Grades 4-6

school-card-donut-2210716
8
/10

  • Kerby Elementary School

  • 285 Kerby Rd

  • 1.15 miles

  • Public District Grades KG-5

school-card-donut-2210717
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.20 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 $53,125. Residents of Detroit, MI typically earn between $35k-100k each year. The most common type of family 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 5540 Marseilles St

What is the listing price of this property?

The listing price of 5540 Marseilles St property is $65,000.

What type of property is this?

The property 5540 Marseilles St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5540 Marseilles St 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 $1,627 (source: MLS/based on county public records data).

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

The last sale was on November 18, 2011 for $22,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5540 Marseilles St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5540 Marseilles St is 783 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5540 Marseilles St is 1938.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5540 Marseilles St

This home is located at 5540 Marseilles St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 783 square foot home, which was built in 1938, sits on a 0.10 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 17, 2024 and is currently priced at $65,000.

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%. 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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