Sold in 49 Days

5556 Oldtown St, Detroit, MI, 48224

Closed On : Thu Feb 22 2024

$70,000

Sold At Asking

List Price : $70,000
3 Bedrooms
1 Full Bath
1,352 SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Comparable Homes

Price Details

Housing Market Comparison

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

Med. Sold Price

$80K

Med. Price/SqFt

$69

Avg. Days On Market

49

# of Sold Homes

370

5556 Oldtown St vs Detroit

114 DAYS ON ROCKET

+65 Days

$70,000

-$10K Less

KEY TAKEAWAY

This property is $10K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

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Property Sales & Tax

Listing History

Aug 19, 2019Home Sold
$43,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,165$15,800
2020$1,165$14,100
2018$1,165$10,700
2017$965$11,000

History based on county public records data.

Payment Calculator

$417

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$276

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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-7483086
1
/10
  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.83 miles

  • Public Charter Grades KG-5

school-card-donut-7483087
3
/10
  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.41 miles

  • Public Magnet Grades 4-6

school-card-donut-7483088
8
/10
  • Kerby Elementary School

  • 285 Kerby Rd

  • 1.51 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,125. The majority of Detroit, MI residents have income between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesMichiganWayne CountyDetroit482245556 Oldtown St

Over 98 listings were sold over their listed price in February 2024 in Detroit, MI. In the same period over 194 listings were sold below the listed price and 78 listings were sold for the listed price. The inventory of homes for sale in Detroit, MI between January 2024 and February 2024 increased by 12.4%. Listings spent 49 days on the market in February 2024, and had a median list price of $80,002 during the same period.

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

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