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5491 Oakman Blvd, Detroit, MI, 48204

$47,000

0.35 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #50157495
Lot Size0.35 Acres
StatusActive

About 5491 Oakman Blvd

Oakman Boulevard is a property uniquely situated in the historic Robert's Aviation neighborhood, an area currently experiencing a significant resurgence. The recent opening of a Starbucks, along with other new businesses expanding into the area, is a testament to growing vitality of the community and desirability of new residential developments. The combination of historic value and the growing commercial presence makes this a truly beautiful opportunity. This .35 acre is on CORNER LOT, just a 10 minute drive from Downtown Detroit with quick access to 96, and a bus stop on the corner for an easy commute. City water and sewer are available at the street.

Property Details

Property Features

Listing Office:

  • Office Name: Realty Executives Home Towne Chesterfield
  • Office Phone: (586) 949-8300
  • Listing Agent: Sydney Sheridan

Lot Features

Lot Information:

  • Lot: Sidewalk, Cleared
  • Lot Size: 0.35 Acres

School Info

School District Information:

  • School District: Detroit City School District

Price Information

Listing Price Info

Price Summary:

  • List Price: $47,000

Tax Information:

  • Annual Amount: $73
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

5491 Oakman Blvd vs Detroit

41 DAYS ON ROCKET

-4 Days

$47,000

-$38K Less

KEY TAKEAWAY

This property is $38K less than the Median Sold Price in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MiRealSource
  • MLS Number: #50157495

Listing Office:

  • Office Name: Realty Executives Home Towne Chesterfield
  • Office Phone: (586) 949-8300
  • Listing Agent: Sydney Sheridan

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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, 12:20:57 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$73$1,500
2020$129$1,500
2018$129$1,500
2017$132$1,500

History based on county public records data.

Payment Calculator

$302

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$207

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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-471845
2
/10
  • Barton Elementary School

  • 8530 Joy Rd

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-471846
5
/10
  • McDonald Elementary School

  • 10151 Diversey St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-471847
2
/10
  • Riverside Academy

  • 7124 Miller Rd

  • 1.07 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,586. Most Detroit, MI residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5491 Oakman Blvd

What is the listing price of this property?

The listing price of 5491 Oakman Blvd property is $47,000.

What type of property is this?

The property 5491 Oakman Blvd is land located in Detroit, Michigan, 48204.

Is this property for sale now?

Active Listing: 5491 Oakman Blvd 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 $73 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5491 Oakman Blvd is 0.35 acres.
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Rocket HomesMichiganWayne CountyDetroit482045491 Oakman Blvd

This home is located at 5491 Oakman Blvd in Detroit, MI and zip code 48204 in the Aviation Subdivision neighborhood. This home sits on a 0.35 acre lot. It has been listed on Rocket Homes since October 07, 2024 and is currently priced at $47,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of listings in Detroit, MI increased by 11.2% between September 2024 and October 2024. 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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