3 months on rocket

Sale Pending

5644 Loraine St, Detroit, MI, 48208

$59,900

Home List Price

$711*

Closing Credit

4 Bedrooms
2 Full Baths
1,503 SqFt
$40/SqFt
House
Schools Nearby

Location

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5644 Loraine St, Detroit$59,900

Buyer Closing Credits

$711*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1900
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240002128
Lot Size0.08 Acres
StatusSale Pending
(Pending)

About 5644 Loraine St

Introducing a remarkable opportunity for investors with a keen eye for potential! This charming home is hitting the market, and it's a canvas just waiting for your creative touch. With a living room, dining room, and a full kitchen, you have the perfect foundation to transform this space into a one-of-a-kind masterpiece. Boasting 4 spacious bedrooms and 2 well-appointed bathrooms, there's plenty of room for potential tenants or a growing family. The possibilities are endless with the layout and design – whether you're looking to create a cozy family oasis or a lucrative income property, this home has what it takes to become something truly special. But the true gem of this property is the expansive backyard, which includes not one but two adjacent lots. Imagine the endless potential for landscaping, outdoor living, or even expansion. It's an investor's dream come true, allowing for a multitude of possibilities to increase the property's value. This home is more than just a listing; it's an opportunity to turn dreams into reality. Whether you're an investor seeking a project with incredible potential or a homeowner looking to craft your perfect living space, this property is ready to make your vision a reality. Don't miss out on this golden chance to create something extraordinary. Act now and be the one to shape the future of this remarkable home.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1900
  • Stories: 3
  • Living Area: 1,503 SqFt

Listing Office:

  • Office Name: Exit United Realty Professionals
  • Office Phone: (248) 677-3220
  • Listing Agent: Anita Rogers-Daniels

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Fenced

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Livernois, make right on Davison. Left to 96 East. 96 East toward Downtown Detroit. Exit #189 Tireman & W. Grand Blvd. Left on Tireman towards W Grand Blvd, make a right on Grand River Ave. Make a left on Hudson St., make left on Loraine St. Home is on the right side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,900
  • Price Per SqFt: $40/SqFt

Tax Information:

  • Annual Amount: $607
  • 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

5644 Loraine St vs Detroit

108 DAYS ON ROCKET

+59 Days

$59,900

-$20.2K Less

$40/SqFt

-$30 Less

KEY TAKEAWAY

This property is $20.2K less than the Median Sold Price and $30/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: #20240002128

Listing Office:

  • Office Name: Exit United Realty Professionals
  • Office Phone: (248) 677-3220
  • Listing Agent: Anita Rogers-Daniels

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: 4/28/2024, 12:25:21 PM 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$607$6,715
2020$595$6,900
2018$595$5,200
2017$595$5,100

History based on county public records data.

Payment Calculator

$366

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-2233366
3
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.10 miles

  • Public Charter Grades KG-5

school-card-donut-2233367
4
/10

  • University Preparatory Academy (Psad) Elementary School

  • 435 Amsterdam St

  • 1.42 miles

  • Public Charter Grades KG-5

school-card-donut-2233368
3
/10

  • Voyageur Academy

  • 4321 Military St

  • 1.93 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,122. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5644 Loraine St

What is the listing price of this property?

The listing price of 5644 Loraine St property is $59,900.

What type of property is this?

The property 5644 Loraine St is a house located in Detroit, Michigan, 48208.

Is this property for sale now?

Sale Pending: 5644 Loraine St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $607 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5644 Loraine St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5644 Loraine St is 1,503 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5644 Loraine St is 1900.

Rocket Homes›Michigan›Wayne County›Detroit›48208›5644 Loraine St

This home is located at 5644 Loraine St in Detroit, MI and zip code 48208 in the Rosa Parks neighborhood. This 1,503 square foot home, which was built in 1900, sits on a 0.08 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 11, 2024 and is currently priced at $59,900.

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. In March 2024 in Detroit, MI there were 10.7% more homes for sale than in February 2024. Listings spent 49 days on the market in March 2024, and had a median list price of $80,163 during the same period.

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

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