13 days on rocket

4505 Commonwealth St, Detroit, MI, 48208

$549,900

Home List Price

$6,530*

Closing Credit

5 Bedrooms
3 Full Baths
3,200 SqFt
$172/SqFt
House

Location

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4505 Commonwealth St, Detroit$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1907
HeatingNatural Gas, Hot Water
BasementYes
FireplaceLiving Room, Primary Bedroom
MLS #20240083002
Lot Size0.12 Acres
StatusActive

About 4505 Commonwealth St

Remarkably renovated early 1900s built Victorian on tree-lined Commonwealth Street located in the desirable Woodbridge neighborhood. Beautifully covered front porch overlooks the oversized fenced in yard & offers views into the character filled home that was updated over the last 2 years. Lovely front foyer w/ original cream & emerald mosaic tile flooring, decorative leaded glass windows opening into the 117 year old main staircase w/ wood paneling details & intricate spindles. The entry level is the perfect balance of open concept + dedicated rooms for living, dining, home office or library & kitchen. The main living area's fireplace is the focal point tiled in a rich peacock blue. Craftsman columned posts separate the living room from the dining area but allow the spaces to flow together perfectly for when hosting & entertaining. Restored pocket doors w/ freshly polished hardware can close off the first floor library for a private home office. The completely renovated kitchen was designed with today's buyer in mind - stainless steel appliances, center island for an eat-in kitchen option, exposed brick and mortar, soft tan cabinetry with matte silver hardware & tons of natural light! Combination of new and original windows throughout, refinished hardwood flooring in a warm honey color. The trim & interior doors are cohesively painted in a deep green/blue shade that will stand the test of time. 5 bedrooms on the second level & a fully finished 3rd floor. The primary bedroom features an ornate fireplace for cozy winter nights in. All 3 full bathrooms have been renovated with timeless selections for shower tiling, vanities and lighting fixtures. New plumbing throughout the home, updated electrical, new roof, freshly painted exterior + tuckpointing brick work, newly poured fenced in concrete driveway to comfortably fit up to 2 or 3 vehicles. Walking distance to neighborhood staples such as The Roost - cafe & micro grocery, Bash Izakaya for sushi, Studio Vera for hair & skin services, Peace & Pilates for a workout!

Property Details

Property Features

Property Information:

  • Architectural Style: Historic, Victorian
  • Year Built: 1907
  • Stories: 3
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: Nika & Co
  • Office Phone: (313) 858-6580
  • Listing Agent: Lindsay L Gorman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Refrigerator, Microwave, Washer
  • Basement: Yes
  • Fireplace: Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: West side of Commonwealth St between Lysander St and W Forest Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $172/SqFt

Tax Information:

  • Annual Amount: $777
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

4505 Commonwealth St vs Detroit

13 DAYS ON ROCKET

-32 Days

$549,900

+$464.9K More

$172/SqFt

+$98 More

KEY TAKEAWAY

This property is $464.9K more than the Median Sold Price and $98/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: #20240083002

Listing Office:

  • Office Name: Nika & Co
  • Office Phone: (313) 858-6580
  • Listing Agent: Lindsay L Gorman

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: 11/17/2024, 7:20:52 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$777$25,500
2020$1,352$23,900
2018$1,352$14,700
2017$1,345$12,600

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-414659
1
/10
  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.93 miles

  • Public Charter Grades KG-5

school-card-donut-414660
2
/10
  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.20 miles

  • Public Charter Grades KG-5

school-card-donut-414661
2
/10
  • Maybury Elementary School

  • 4410 Porter St

  • 2.34 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,530. Most Detroit, MI residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4505 Commonwealth St

What is the listing price of this property?

The listing price of 4505 Commonwealth St property is $549,900.

What type of property is this?

The property 4505 Commonwealth St is a house located in Detroit, Michigan, 48208.

Is this property for sale now?

Active Listing: 4505 Commonwealth 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 $777 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4505 Commonwealth St has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 4505 Commonwealth St is 3,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4505 Commonwealth St is 1907.

Rocket HomesMichiganWayne CountyDetroit482084505 Commonwealth St

This home is located at 4505 Commonwealth St in Detroit, MI and zip code 48208 in the Jeffries neighborhood. This 3,200 square foot home, which was built in 1907, sits on a 0.12 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $549,900.

Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.

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

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