16 days on rocket

5036 Farmbrook St, Detroit, MI, 48224

$39,900

Home List Price

$474*

Closing Credit

2 Bedrooms
1 Full Bath
670 SqFt
$60/SqFt
House

Location

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5036 Farmbrook St, Detroit$39,900

Buyer Closing Credits

$474*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1940
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240077901
Lot Size0.10 Acres
StatusActive

About 5036 Farmbrook St

**Investor Special!** This property presents a fantastic opportunity for seasoned investors or those looking to dive into a renovation project. This home is in need of full rehabilitation and is being sold as-is, offering you the chance to customize and transform it into your vision. Please note that the seller will not be making any repairs, so come prepared to see the potential that lies within. This sale is strictly cash offers only. Don’t miss out on this chance to invest in a property with endless possibilities! all information deemed reliable but not guaranteed. Buyer or buyer's agent to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1940
  • Stories: 1
  • Living Area: 670 SqFt

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (586) 781-2900
  • Listing Agent: James A Haidar

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

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: TAKE CHANDLER PARK TO FARMBROOK

Price Information

Listing Price Info

Price Summary:

  • List Price: $39,900
  • Price Per SqFt: $60/SqFt

Tax Information:

  • Annual Amount: $831
  • 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

$84.9K

Med. Price/SqFt

$72

Avg. Days On Market

45

# of Sold Homes

404

5036 Farmbrook St vs Detroit

16 DAYS ON ROCKET

-29 Days

$39,900

-$45K Less

$60/SqFt

-$13 Less

KEY TAKEAWAY

This property is $45K less than the Median Sold Price and $13/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: #20240077901

Listing Office:

  • Office Name: RE/MAX First
  • Office Phone: (586) 781-2900
  • Listing Agent: James A Haidar

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: 10/31/2024, 9:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2021Home Sold
$75,000

Tax History

YEARPROP. TAXASSESSMENT
2021$831$9,600
2020$793$8,700
2018$793$6,400

History based on county public records data.

Payment Calculator

$267

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$186

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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-870197
4
/10

  • John Monteith Elementary School

  • 1275 Cook Rd

  • 1.28 miles

  • Public District Grades KG-5

school-card-donut-870198
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.33 miles

  • Public Magnet Grades 4-6

school-card-donut-870199
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.42 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 $53,125. The majority of Detroit, MI residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5036 Farmbrook St

What is the listing price of this property?

The listing price of 5036 Farmbrook St property is $39,900.

What type of property is this?

The property 5036 Farmbrook St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5036 Farmbrook 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 $831 (source: MLS/based on county public records data).

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

The last sale was on March 2, 2021 for $75,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5036 Farmbrook St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5036 Farmbrook St is 670 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5036 Farmbrook St is 1940.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5036 Farmbrook St

This home is located at 5036 Farmbrook St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 670 square foot home, which was built in 1940, sits on a 0.10 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $39,900.

Detroit, MI housing market in September 2024 saw over 110 listings sold above listed price, more than 73 sold at listed price and over 221 sold below. Between August 2024 and September 2024, Detroit, MI real estate market has seen increase in the number of listings by 10.5%. Listings spent 45 days on the market in September 2024, and had a median list price of $84,971 during the same period.

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

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