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5554 Lemay St, Detroit, MI, 48213

$35,900

Home List Price

$426*

Closing Credit

3 Bedrooms
1 Full Bath
1,950 SqFt
$18/SqFt
House

Location

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5554 Lemay St, Detroit$35,900

Buyer Closing Credits

$426*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1922
HeatingForced Air, Natural Gas
BasementYes
MLS #81024063724
Lot Size0.07 Acres
StatusActive

About 5554 Lemay St

Welcome to you next investment property! Opportunity on Detroit's East Side. 3 bedroom 1 full bath distressed property in need of a full rehab. Cash buyers only.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1922
  • Stories: 2
  • Living Area: 1,950 SqFt

Listing Office:

  • Office Name: Legacy Park Realty Inc
  • Office Phone: (313) 478-5938
  • Listing Agent: Timia Carter

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: From Downtown Detroit (general directions):Head east on Jefferson Ave toward Chene St.Continue on Jefferson Ave, turning onto Mound Rd or Gratiot Ave to reach the 48213 area.From Mound Rd or Gratiot Ave, take the appropriate exit toward Lemay St.Continue north on Lemay St to 5554 Lemay St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $35,900
  • Price Per SqFt: $18/SqFt

Tax Information:

  • Annual Amount: $304
  • 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

5554 Lemay St vs Detroit

1 DAY ON ROCKET

-48 Days

$35,900

-$49.1K Less

$18/SqFt

-$50 Less

KEY TAKEAWAY

This property is $49.1K less than the Median Sold Price and $50/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Metropolitan Association of REALTORS
  • MLS Number: #81024063724

Listing Office:

  • Office Name: Legacy Park Realty Inc
  • Office Phone: (313) 478-5938
  • Listing Agent: Timia Carter

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, 2:21:01 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$304$5,185
2020$551$5,900
2018$551$5,500
2017$550$5,600

History based on county public records data.

Payment Calculator

$247

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$174

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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-852300
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 2.51 miles

  • Public District Grades PK-5

school-card-donut-852301
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 2.52 miles

  • Public Charter Grades 2-4

school-card-donut-852302
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 2.76 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,761. Residents of Detroit, MI typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5554 Lemay St

What is the listing price of this property?

The listing price of 5554 Lemay St property is $35,900.

What type of property is this?

The property 5554 Lemay St is a house located in Detroit, Michigan, 48213.

Is this property for sale now?

Active Listing: 5554 Lemay 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 $304 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5554 Lemay St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5554 Lemay St is 1,950 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5554 Lemay St is 1922.

Rocket Homes›Michigan›Wayne County›Detroit›48213›5554 Lemay St

This home is located at 5554 Lemay St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 1,950 square foot home, which was built in 1922, sits on a 0.07 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 21, 2024 and is currently priced at $35,900.

Detroit, MI housing market in November 2024 saw over 94 listings sold above listed price, more than 55 sold at listed price and over 247 sold below. Between October 2024 and November 2024, Detroit, MI real estate market has seen increase in the number of listings by 2%. While the average time on the market in November 2024 was 49 days, the median list price was $85,016.

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

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