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5208 Commonwealth St, Detroit, MI, 48208

$409,000

Home List Price

$4,857*

Closing Credit

5 Bedrooms
3 Full Baths
3,000 SqFt
$136/SqFt
House

Location

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5208 Commonwealth St, Detroit$409,000

Buyer Closing Credits

$4,857*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Faces Rear, Garage Door Opener, Detached
Garage112 spaces
Year Built1900
HeatingForced Air
BasementYes
MLS #24058975
Lot Size0.07 Acres
StatusActive

About 5208 Commonwealth St

Wonderful Woodbridge! Here's your opportunity to own your dream home in Woodbridge where everyone wants to live! Recent history shows this home as a 2 unit income property, converted from a single family home in 1997 but could easily be a single family once more. This solid brick home features nice sized rooms, most with hardwood flooring. Multiple bedrooms with a kitchen on the first and second floors. The third floor has the potential to be a spectacular main bedroom suite. As an income property recent rental income averaged an estimated $2200 per month with each unit having separate heating and electric. The Woodbridge Historic District is a highly desirable neighborhood near Wayne Sate University and Midtown, known for its diversity and strong sense of community. A special place.

Property Details

Property Features

Property Information:

  • Architectural Style: Historic
  • Year Built: 1900
  • Stories: 3
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Renaissance Investment Co. Inc
  • Office Phone: (313) 832-2286
  • Listing Agent: Margaret Palmer

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Garage Space: 112 spaces
  • Attached Garage: No
  • Parking: Garage Faces Rear, Garage Door Opener, Detached

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: North of Warren between Merrick and I-94, 1 block West of Trumbull.

Price Information

Listing Price Info

Price Summary:

  • List Price: $409,000
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $937
  • 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

5208 Commonwealth St vs Detroit

4 DAYS ON ROCKET

-41 Days

$409,000

+$324K More

$136/SqFt

+$62 More

KEY TAKEAWAY

This property is $324K more than the Median Sold Price and $62/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24058975

Listing Office:

  • Office Name: Renaissance Investment Co. Inc
  • Office Phone: (313) 832-2286
  • Listing Agent: Margaret Palmer

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 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

Tax History

YEARPROP. TAXASSESSMENT
2021$937$26,000
2020$899$24,200
2018$899$16,700
2017$896$13,900

History based on county public records data.

Payment Calculator

$2,109

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,293

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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-418281
1
/10

  • University Preparatory Academy (PSAD) Elementary School

  • 957 Holden St

  • 0.57 miles

  • Public Charter Grades KG-5

school-card-donut-418282
2
/10

  • University Preparatory Academy Psad Elementary School

  • 435 Amsterdam St

  • 0.87 miles

  • Public Charter Grades KG-5

school-card-donut-418283
2
/10

  • University Preparatory Art Design Elementary School

  • 10225 3rd St

  • 2.33 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 $37,530. Typical income of Detroit, MI residents is less than $35k annually. The most common type of family is single, no kids. 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 5208 Commonwealth St

What is the listing price of this property?

The listing price of 5208 Commonwealth St property is $409,000.

What type of property is this?

The property 5208 Commonwealth St is a house located in Detroit, Michigan, 48208.

Is this property for sale now?

Active Listing: 5208 Commonwealth 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 $937 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5208 Commonwealth St has 5 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5208 Commonwealth St is 3,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5208 Commonwealth St is 1900.

Rocket Homes›Michigan›Wayne County›Detroit›48208›5208 Commonwealth St

This home is located at 5208 Commonwealth St in Detroit, MI and zip code 48208 in the Jeffries neighborhood. This 3,000 square foot home, which was built in 1900, sits on a 0.07 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $409,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased 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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