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5220 University Pl, Detroit, MI, 48224

$68,500

Home List Price

$813*

Closing Credit

2 Bedrooms
1 Full Bath
1,001 SqFt
$68/SqFt
House

Location

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5220 University Pl, Detroit$68,500

Buyer Closing Credits

$813*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Faces Front, Detached
Garage1 space
Year Built1925
HeatingForced Air
BasementYes
MLS #24053949
Lot Size0.15 Acres
StatusActive

About 5220 University Pl

Great investment property. Can be sold as a package or solo. Sits right between a beautiful stretch of land and a nice starter home or investment opportunity. 24053950 and 24053937. Property is in probate, just needs an offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1925
  • Stories: 1
  • Living Area: 1,001 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (248) 886-4450
  • Listing Agent: Nancy Brooks

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Garage Faces Front, Detached

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: 94E to Cadieux, right on Cadieux, Left on Chalmers, right to University Pl.

Price Information

Listing Price Info

Price Summary:

  • List Price: $68,500
  • Price Per SqFt: $68/SqFt

Tax Information:

  • Annual Amount: $436
  • 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

5220 University Pl vs Detroit

40 DAYS ON ROCKET

-5 Days

$68,500

-$16.5K Less

$68/SqFt

-$6 Less

KEY TAKEAWAY

This property is $16.5K less than the Median Sold Price and $6/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24053949

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (248) 886-4450
  • Listing Agent: Nancy Brooks

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: 11/21/2024, 11:20:54 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

Jan 30, 2020Home Sold
$35,000

Tax History

YEARPROP. TAXASSESSMENT
2021$436$13,500
2020$774$12,200
2018$774$8,800
2017$771$9,000

History based on county public records data.

Payment Calculator

$409

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$272

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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-462054
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 1.18 miles

  • Public Charter Grades KG-6

school-card-donut-462055
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.26 miles

  • Public Charter Grades KG-5

school-card-donut-462056
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.28 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,125. Typical income of Detroit, MI residents is between $35k-100k annually. Typical family type 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 5220 University Pl

What is the listing price of this property?

The listing price of 5220 University Pl property is $68,500.

What type of property is this?

The property 5220 University Pl is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5220 University Pl 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 $436 (source: MLS/based on county public records data).

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

The last sale was on January 30, 2020 for $35,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5220 University Pl has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5220 University Pl is 1,001 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5220 University Pl is 1925.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5220 University Pl

This home is located at 5220 University Pl in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,001 square foot home, which was built in 1925, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 13, 2024 and is currently priced at $68,500.

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 number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. 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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