2 months on rocket

5051 Bishop St, Detroit, MI, 48224

$260,000

Home List Price

$3,088*

Closing Credit

3 Full Baths, 1 Partial
1,712 SqFt
$152/SqFt
Multi

Location

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5051 Bishop St, Detroit$260,000

Buyer Closing Credits

$3,088*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingTwoCarGarage
Garage2 spaces
Year Built1929
HeatingHot Water, Natural Gas
BasementYes
MLS #20240067017
Lot Size0.11 Acres
StatusActive

About 5051 Bishop St

Welcome to East English Village, here is a lovely 2 up 2 down bedroom 3full bathrooms multifamily property. Very well kept home in a thriving neighborhood. Nice size back yard with a 2 car garage. Rather for living or an investment property this property is move in ready up an down. B.A.T.V.A.I WARRANTY DEED AT CLOSE, BUYER PAYS 495 TRANSACTION FEE TO LISTING BROKERAGE AT CLOSE PLEASE GIVE 24-48HR FOR SHOWING REQUEST NO SAME DAY SHOWINGS WILL BE GRANTED

Property Details

Property Features

Property Information:

  • Architectural Style: UpperLowerApartment
  • Year Built: 1929
  • Living Area: 1,712 SqFt

Listing Office:

  • Office Name: Reach Realty Group
  • Office Phone: (313) 766-4000
  • Listing Agent: Ricqwain L Johnson

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: East of E Outer DR North of E Warren

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
  • Price Per SqFt: $152/SqFt

Tax Information:

  • Annual Amount: $2,005
  • 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

5051 Bishop St vs Detroit

88 DAYS ON ROCKET

+39 Days

$260,000

+$174.9K More

$152/SqFt

+$84 More

KEY TAKEAWAY

This property is $174.9K more than the Median Sold Price and $84/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: #20240067017

Listing Office:

  • Office Name: Reach Realty Group
  • Office Phone: (313) 766-4000
  • Listing Agent: Ricqwain L Johnson

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: 12/4/2024, 2:20:57 PM 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$2,005$23,700
2020$1,306$22,700
2018$1,306$15,100
2017$1,302$13,500

History based on county public records data.

Payment Calculator

$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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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-72346
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.91 miles

  • Public Charter Grades KG-5

school-card-donut-72347
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.35 miles

  • Public District Grades PK-5

school-card-donut-72348
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.55 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 $48,456. The most common annual income of people living in Detroit, MI is between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›5051 Bishop St

This home is located at 5051 Bishop St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,712 square foot home, which was built in 1929, sits on a 0.11 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since September 07, 2024 and is currently priced at $260,000.

Over 94 listings were sold over their listed price in November 2024 in Detroit, MI. In the same period over 247 listings were sold below the listed price and 55 listings were sold for the listed price. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. In November 2024 median list price was $85,016 and the average listing age was 49 days.

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

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