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503 Mount Vernon St, Detroit, MI, 48202

$409,000

Home List Price

$4,857*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
1,955 SqFt
$209/SqFt
House

Location

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503 Mount Vernon St, Detroit$409,000

Buyer Closing Credits

$4,857*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1910
HeatingForced Air, Natural Gas
CoolingCeiling Fan(s), Central Air
BasementYes
FireplaceLivingRoom
MLS #20240086503
Lot Size0.04 Acres
StatusActive

About 503 Mount Vernon St

Mount Vernon had been slated to be demolished by the City of Detroit. Thank goodness it was not. This home was purchased and renovated! Originally built in 1910, the current owners began a journey of restoring the home in 2023 and completion in 2024. The homes sits on 2 lots (503 and 509 Mount Vernon) and features 4 bedrooms, 2 full and 2 half baths. The first floor boasts a bright and open floor plan. Kitchen features quartz countertops and stainless steel appliances. Second floor has 3 bedrooms to included the primary bedroom ensuite and a full bathroom with soaking tub and separate shower. Access to the 3rd floor was re-designed to allow for a 4th bedroom or flex space. All new windows, forced-air mechanicals and air conditioning. The bricks on the exterior of the home have been restored. Exterior features include new cement, free-standing deck and custom designed privacy fence creating a magnificent outdoor oasis. Located in the heart of North End and within minutes of the vibrant Milwaukee Junction, New Center, Henry Ford Health Campus, Midtown, etc.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1910
  • Living Area: 1,955 SqFt

Listing Office:

  • Office Name: Robinson Realty & Management Group Inc
  • Office Phone: (248) 593-9494
  • Listing Agent: Gaye A Butler

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven, Refrigerator
  • Basement: Yes
  • Fireplace: LivingRoom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: WOODWARD TO MOUNT VERNON

Price Information

Listing Price Info

Price Summary:

  • List Price: $409,000
  • Price Per SqFt: $209/SqFt

Tax Information:

  • Annual Amount: $1,058
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

503 Mount Vernon St vs Detroit

30 DAYS ON ROCKET

-19 Days

$409,000

+$323.9K More

$209/SqFt

+$141 More

KEY TAKEAWAY

This property is $323.9K more than the Median Sold Price and $141/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: #20240086503

Listing Office:

  • Office Name: Robinson Realty & Management Group Inc
  • Office Phone: (248) 593-9494
  • Listing Agent: Gaye A Butler

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: 12/18/2024, 5:21:01 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$1,058$15,400
2020$693$14,500
2018$693$10,100
2017$693$10,000

History based on county public records data.

Payment Calculator

$2,109

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,293

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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-4399152
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.87 miles

  • Public Charter Grades KG-5

school-card-donut-4399153
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 1.15 miles

  • Public Charter Grades KG-5

school-card-donut-4399154
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 1.26 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 $36,271. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Mount Vernon St

What is the listing price of this property?

The listing price of 503 Mount Vernon St property is $409,000.

What type of property is this?

The property 503 Mount Vernon St is a house located in Detroit, Michigan, 48202.

Is this property for sale now?

Active Listing: 503 Mount Vernon 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 $1,058 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 503 Mount Vernon St has 4 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 503 Mount Vernon St is 1,955 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Mount Vernon St is 1910.

Rocket Homes›Michigan›Wayne County›Detroit›48202›503 Mount Vernon St

This home is located at 503 Mount Vernon St in Detroit, MI and zip code 48202 in the Midtown neighborhood. This 1,955 square foot home, which was built in 1910, sits on a 0.04 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 17, 2024 and is currently priced at $409,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between October 2024 and November 2024 increased by 2%. The median list price of listings available in November 2024 was $85,016, 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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