2 months on rocket

4552 Commonwealth St, Detroit, MI, 48208

$510,000

Home List Price

$6,056*

Closing Credit

3 Full Baths
2,680 SqFt
$190/SqFt
Multi

Location

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4552 Commonwealth St, Detroit$510,000

Buyer Closing Credits

$6,056*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1920
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240063302
Lot Size0.10 Acres
StatusActive

About 4552 Commonwealth St

Rare opportunity to own this well maintained multifamily in the Woodbridge Historic District, near Wayne State University and midtown! This charming multi-dwelling features a 3 bed/2 bath unit, a 2 bed/1 bath unit, & a 1 bed/1 bath unit. The basement has been finished and is being rented as a studio unit. Also, there is an attic that could be finished to add an additional loft unit! The property is nicely landscaped w/ a large front porch, fenced in yard, back deck, and a 2-car garage with copper plumbing throughout. Roof, windows, and central air are approximately 13 years old. Properties like this do not go on the market often! Don't miss the chance to own this money maker!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1920
  • Stories: 2
  • Living Area: 2,680 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jody Broyles

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: W Warren Ave. to 14th St, left on W Forest Ave, Right on Commonwealth St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $510,000
  • Price Per SqFt: $190/SqFt

Tax Information:

  • Annual Amount: $408
  • 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

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

4552 Commonwealth St vs Detroit

85 DAYS ON ROCKET

+40 Days

$510,000

+$425K More

$190/SqFt

+$116 More

KEY TAKEAWAY

This property is $425K more than the Median Sold Price and $116/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: #20240063302

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jody Broyles

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: 11/22/2024, 4:20:53 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$408$33,500
2020$812$31,800
2018$812$23,300
2017$812$19,800

History based on county public records data.

Payment Calculator

$2,613

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,596

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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-514596
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.87 miles

  • Public Charter Grades KG-5

school-card-donut-514597
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 1.14 miles

  • Public Charter Grades KG-5

school-card-donut-514598
8
/10

  • Chrysler Elementary School

  • 1445 E Lafayette St

  • 2.38 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 $37,530. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48208›4552 Commonwealth St

This home is located at 4552 Commonwealth St in Detroit, MI and zip code 48208 in the Jeffries neighborhood. This 2,680 square foot home, which was built in 1920, sits on a 0.10 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $510,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. The number of homes for sale 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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