Both units are basically the same living room, dining room, kitchen, two bedrooms, and one full bath. Add this to your investment portfolio. Located in the up-and-coming city of Detroit. Near great restaurants, local stores, and entertainment, and just a few minutes from the highway! You will not want to miss out on this one, book your showing today!
Property Details
Property Features
Property Information:
Architectural Style: Colonial
Year Built: 1919
Stories: 2
Living Area: 2,280 SqFt
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Sherri Saad
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: Gratiot Ave & E Warren Ave
Price Information
Listing Price Info
Price Summary:
List Price: $85,000
Price Per SqFt: $37/SqFt
Tax Information:
Annual Amount: $1,744
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $0 less than the Median Sold Price and $37/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: #20240066909
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Sherri Saad
Disclaimer: 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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$492
Per Month
Principal & Interest
$425
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$321
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Oakland International Academy Elementary School
4001 Miller St
Distance between this listing and this school1.84 miles
Public Charter Grades 2-4
3
/10
University Preparatory Science and Math Elementary School
2251 Antietam Ave
Distance between this listing and this school2.33 miles
Public Charter Grades KG-5
3
/10
Bridge Academy East
9600 Buffalo St
Distance between this listing and this school2.41 miles
Public Charter Grades PK-5
Nearby Schools
5
/10
Detroit Preparatory
8411 Sylvester St
Distance between this listing and this school0.51 miles
Public Charter Grades KG-8
2
/10
Blackwell Institute
9330 Shoemaker St
Distance between this listing and this school0.80 miles
Public District Grades PK-8
2
/10
Nichols Elementary-Middle School
3000 Burns St
Distance between this listing and this school0.94 miles
Public District Grades PK-8
Nearby Schools
1
/10
Covenant House Academy Detroit East Site
9100 Gratiot Ave Ste 101
Distance between this listing and this school0.74 miles
Public Charter Grades 9-12
3
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.61 miles
Public Magnet Grades 9-12
2
/10
Pathways Academy
11340 E Jefferson Ave
Distance between this listing and this school2.17 miles
The neighbors living near this home have an average income of $18,837. Most Detroit, MI residents have annual incomes less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
This home is located at 5037 Iroquois St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 2,280 square foot home, which was built in 1919, sits on a 0.09 acre lot. Features: 3 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $85,000.
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. In October 2024 median list price was $85,000 and the average listing age was 45 days.
From Rocket Homes Real Estate and based on county public records data.