17 days on rocket

5395 Hereford St, Detroit, MI, 48224

$49,900

Home List Price

$593*

Closing Credit

3 Bedrooms
1 Full Bath
1,342 SqFt
$37/SqFt
House

Location

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5395 Hereford St, Detroit$49,900

Buyer Closing Credits

$593*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingTwoCarGarage, Detached
Garage2 spaces
Year Built1930
HeatingForced Air, Natural Gas
BasementYes
FireplaceLivingRoom, WoodBurning
MLS #20240088655
Lot Size0.19 Acres
StatusActive

About 5395 Hereford St

**OPPORTUNITY** This 3 bedroom, 1 bathroom brick colonial Tudor is located in the up & coming Cornerstone Village neighborhood and could be a perfect rental property with Section 8 rents as high as $1,350/month OR could be a good fix-n-flip with ARVs as high as 150-175K!! The property does require significant rehab and updating, but includes original hardwood flooring throughout most of the property, an oversized 2-car garage, a spacious kitchen, living room, and dining room, beautiful historic features like the exterior brick and the leaded glass interior front door, an updated 100 amp electrical panel, updated romex wiring, forced air heating, updated vinyl windows, a 3D architectural shingle roof, and so much more! Located just outside of the East Warren/Cadieux Strategic Neighborhood Fund area, which has seen tens of millions of public and private investment with more to come!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Tudor
  • Year Built: 1930
  • Living Area: 1,342 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
  • Fireplace: LivingRoom, WoodBurning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: TwoCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: From Warren turn North on Hereford

Price Information

Listing Price Info

Price Summary:

  • List Price: $49,900
  • Price Per SqFt: $37/SqFt

Tax Information:

  • Annual Amount: $1,776
  • 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

$67

Avg. Days On Market

49

# of Sold Homes

396

5395 Hereford St vs Detroit

17 DAYS ON ROCKET

-32 Days

$49,900

-$35.1K Less

$37/SqFt

-$31 Less

KEY TAKEAWAY

This property is $35.1K less than the Median Sold Price and $31/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: #20240088655

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: 12/22/2024, 8:21:08 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$1,776$16,400
2020$1,156$14,800
2018$1,156$10,600
2017$1,188$10,800

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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-920748
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.07 miles

  • Public Charter Grades KG-5

school-card-donut-920749
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 1.07 miles

  • Public Charter Grades KG-6

school-card-donut-920750
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.20 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. The most common annual income of people living in Detroit, MI is between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5395 Hereford St

What is the listing price of this property?

The listing price of 5395 Hereford St property is $49,900.

What type of property is this?

The property 5395 Hereford St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5395 Hereford 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 $1,776 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5395 Hereford St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5395 Hereford St is 1,342 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5395 Hereford St is 1930.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5395 Hereford St

This home is located at 5395 Hereford St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,342 square foot home, which was built in 1930, sits on a 0.19 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $49,900.

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. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. The median list price of listings available in November 2024 was $85,016, while the average time on the real estate market was 49 days.

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

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