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5298 Neff Ave, Detroit, MI, 48224

$59,900

Home List Price

$711*

Closing Credit

2 Bedrooms
1 Full Bath
720 SqFt
$83/SqFt
House

Location

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5298 Neff Ave, Detroit$59,900

Buyer Closing Credits

$711*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneandHalfCarGarage, Detached
Garage1 space
Year Built1950
HeatingForced Air, Natural Gas
BasementYes
MLS #20240089080
Lot Size0.15 Acres
StatusActive

About 5298 Neff Ave

**OPPORTUNITY** This 2 bedroom, 1 bathroom Cornerstone Village home could be perfect for a first-time homebuyer who isn't afraid of generating a little sweat equity or it could also be perfect for an investor looking to start or expand their portfolio! With Section 8 rents for similar properties as high as $1,100/month, the ROI on this property would be sky-high! The property features hardwood flooring throughout almost all of the property, an updated kitchen, an bathroom that would need very minimal work to make it nice, forced air heating, wrought-iron windows w/ storm windows, a 3D architectural shingle roof, a 3 seasons room, an oversized 1.5 car garage, and so much more! Best of all, the property is located in the East Warren/Cadieux Strategic Neighborhood Fund area, which has enabled the renovation of the Warren streetscape and has brought in tens of millions of dollars of both public and private investment, with more to come! NO SELLER FINANCING - VA OR FHA MAY BE CONSIDERED @ NO COST TO SELLER

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1950
  • Living Area: 720 SqFt

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain, Samuel Kain

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: OneandHalfCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: From Chandler Park turn South on Neff

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,900
  • Price Per SqFt: $83/SqFt
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$67

Avg. Days On Market

49

# of Sold Homes

396

5298 Neff Ave vs Detroit

1 DAY ON ROCKET

-48 Days

$59,900

-$25.1K Less

$83/SqFt

+$15 More

KEY TAKEAWAY

This property is $25.1K less than the Median Sold Price and $15/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: #20240089080

Listing Office:

  • Office Name: RE/MAX Leading Edge
  • Office Phone: (734) 404-8800
  • Listing Agent: Ryan E Kain, Samuel Kain

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: 12/17/2024, 11:56:03 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 17, 2019Home Sold
$26,900
Jan 17, 2019Home Sold
$58,500
May 20, 2013Home Sold
$71,728

History based on county public records data.

Payment Calculator

$366

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-4287161
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.10 miles

  • Public Charter Grades KG-5

school-card-donut-4287162
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 1.18 miles

  • Public Charter Grades KG-6

school-card-donut-4287163
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.31 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. Most Detroit, MI residents have annual incomes between $35k-100k. 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 5298 Neff Ave

What is the listing price of this property?

The listing price of 5298 Neff Ave property is $59,900.

What type of property is this?

The property 5298 Neff Ave is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5298 Neff Ave is For Sale (Active/New) which means the seller is accepting offers.

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

The last sale was on January 17, 2019 for $26,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5298 Neff Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5298 Neff Ave is 720 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5298 Neff Ave is 1950.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5298 Neff Ave

This home is located at 5298 Neff Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 720 square foot home, which was built in 1950, sits on a 0.15 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $59,900.

While more than 94 listings in Detroit, MI in November 2024 were sold above asking price, there were more than 55 listings sold at asking price, and more than 247 were sold below. In November 2024 in Detroit, MI there were 2% more homes for sale than in October 2024. In November 2024, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $85,016.

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

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