2 months on rocket

5307 Somerset Ave, Detroit, MI, 48224

$159,900

Home List Price

$1,899*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,491 SqFt
$107/SqFt
House

Location

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5307 Somerset Ave, Detroit$159,900

Buyer Closing Credits

$1,899*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1937
HeatingNatural Gas, Forced Air
CoolingCeiling Fan(s)
BasementYes
FireplaceLiving Room
MLS #20240070688
Lot Size0.11 Acres
StatusActive

About 5307 Somerset Ave

Beautifully renovated colonial located in Morningside. Glorious natural sunlight fills each room through large windows and bright airy spaces. Designer paint choices and updated flooring throughout. Full kitchen remodel with abundant storage space and a breakfast nook for those cozy mornings or those who like to host. A classic fireplace is situated in the middle of the living room adjacent to a flex space that can be used as a formal dining space, study, or whatever your imagination decides. Schedule a visit for yourself to see all the ways you'll make this house a home.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1937
  • Stories: 2
  • Living Area: 1,491 SqFt

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: LeAnn Allan

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Interior: Furnished - No
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s)

Other

Directions Information:

  • Directions: 94 East to Outer Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $159,900
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $1,281
  • 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

5307 Somerset Ave vs Detroit

63 DAYS ON ROCKET

+18 Days

$159,900

+$74.9K More

$107/SqFt

+$33 More

KEY TAKEAWAY

This property is $74.9K more than the Median Sold Price and $33/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: #20240070688

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: LeAnn Allan

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: 11/21/2024, 11:20:52 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$1,281 -
2020$120$19,600
2018$120 -

History based on county public records data.

Payment Calculator

$866

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$546

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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-463691
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.79 miles

  • Public Charter Grades KG-5

school-card-donut-463692
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 0.97 miles

  • Public District Grades PK-5

school-card-donut-463693
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.48 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 $22,021. The most common annual income of people living in Detroit, MI is less than $35k. Typical family type is single, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5307 Somerset Ave

What is the listing price of this property?

The listing price of 5307 Somerset Ave property is $159,900.

What type of property is this?

The property 5307 Somerset Ave is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5307 Somerset Ave 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 $1,281 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5307 Somerset Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 5307 Somerset Ave is 1,491 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5307 Somerset Ave is 1937.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5307 Somerset Ave

This home is located at 5307 Somerset Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,491 square foot home, which was built in 1937, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $159,900.

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. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. 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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