new - 4 days on rocket

5111 Seyburn St, Detroit, MI, 48213

$40,000

Home List Price

$475*

Closing Credit

2 Full Baths
1,600 SqFt
$25/SqFt
Multi

Location

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5111 Seyburn St, Detroit$40,000

Buyer Closing Credits

$475*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1910
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240084191
Lot Size0.08 Acres
StatusActive

About 5111 Seyburn St

Calling investors or first time home buyers looking to live close to Downtown Detroit, this home is just 10 minutes from the heart of the city, this versatile property offers fantastic opportunities-whether you're looking to generate income by renting out one unit or planning to use it as an Airbnb as 2 units. Enjoy the convenience of city living with the comfort of a two unit home. It does require some TLC but it's worth putting it in to be in the heart of Detroit. Both units have a second room that can be another bedroom. Don't miss out on this unique investment. CASH ONLY SELL!

Property Details

Property Features

Property Information:

  • Architectural Style: Upper/Lower Apartment
  • Year Built: 1910
  • Stories: 2
  • Living Area: 1,600 SqFt

Listing Office:

  • Office Name: Keller Williams Advantage
  • Office Phone: (248) 380-8800
  • Listing Agent: Nicole L Sammons

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting, Private Entry

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Take Gratiot to Seyburn

Price Information

Listing Price Info

Price Summary:

  • List Price: $40,000
  • Price Per SqFt: $25/SqFt

Tax Information:

  • Annual Amount: $626
  • 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

5111 Seyburn St vs Detroit

4 DAYS ON ROCKET

-41 Days

$40,000

-$45K Less

$25/SqFt

-$49 Less

KEY TAKEAWAY

This property is $45K less than the Median Sold Price and $49/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: #20240084191

Listing Office:

  • Office Name: Keller Williams Advantage
  • Office Phone: (248) 380-8800
  • Listing Agent: Nicole L Sammons

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: 11/14/2024, 1:20:51 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$626$6,545
2020$615$5,500
2018$615$5,500
2017$640$6,100

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-114870
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.64 miles

  • Public Charter Grades 2-4

school-card-donut-114871
3
/10

  • University Preparatory Science and Math Elementary School

  • 2251 Antietam Ave

  • 2.14 miles

  • Public Charter Grades KG-5

school-card-donut-114872
3
/10

  • Bridge Academy East

  • 9600 Buffalo St

  • 2.25 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,000. Most Detroit, MI residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48213›5111 Seyburn St

This home is located at 5111 Seyburn St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 1,600 square foot home, which was built in 1910, sits on a 0.08 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $40,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

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

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