1 year on rocket

5035 Philip St, Detroit, MI, 48224

$46,500

Home List Price

$552*

Closing Credit

3 Bedrooms
1 Full Bath
1,158 SqFt
$40/SqFt
House

Location

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5035 Philip St, Detroit$46,500

Buyer Closing Credits

$552*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1940
HeatingNatural Gas, Forced Air
BasementYes
MLS #20230009724
Lot Size0.09 Acres
StatusActive

About 5035 Philip St

Investment opportunity on Detroit's East Side. 3 bedroom bungalow with full basement. Property needs rehab. Cash buyers only.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Stories: 2
  • Living Area: 1,158 SqFt

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: Benjamin Ness

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Warren...N on Philip

Price Information

Listing Price Info

Price Summary:

  • List Price: $46,500
  • Price Per SqFt: $40/SqFt

Tax Information:

  • Annual Amount: $1,335
  • 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

5035 Philip St vs Detroit

634 DAYS ON ROCKET

+589 Days

$46,500

-$38.5K Less

$40/SqFt

-$34 Less

KEY TAKEAWAY

This property is $38.5K less than the Median Sold Price and $34/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: #20230009724

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: Benjamin Ness

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: 11/5/2024, 8:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 18, 2017Home Sold
$24,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,335$7,900
2020$871$8,500
2018$871$7,300
2017$880$7,300

History based on county public records data.

Payment Calculator

$300

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$206

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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-1895766
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.28 miles

  • Public Charter Grades KG-5

school-card-donut-1895767
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.39 miles

  • Public District Grades KG-5

school-card-donut-1895768
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 2.94 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,302. The majority of Detroit, MI residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5035 Philip St

What is the listing price of this property?

The listing price of 5035 Philip St property is $46,500.

What type of property is this?

The property 5035 Philip St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5035 Philip 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 $1,335 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 18, 2017 for $24,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5035 Philip St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5035 Philip St is 1,158 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5035 Philip St is 1940.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5035 Philip St

This home is located at 5035 Philip St in Detroit, MI and zip code 48224 in the Chandler Park neighborhood. This 1,158 square foot home, which was built in 1940, sits on a 0.09 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since February 09, 2023 and is currently priced at $46,500.

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. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. In October 2024, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $85,000.

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

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