5 months on rocket

5562 Marseilles St, Detroit, MI, 48224

$65,000

Home List Price

$772*

Closing Credit

2 Bedrooms
1 Full Bath
730 SqFt
$89/SqFt
House

Location

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5562 Marseilles St, Detroit$65,000

Buyer Closing Credits

$772*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Year Built1938
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240034886
Lot Size0.10 Acres
StatusActive

About 5562 Marseilles St

Cozy Ranch in Cornerstone Village. Good candidate for a flip or fix and rent investor. Great location one block off Chandler Park Drive. Needs clean up and light rehab. Cash buyers only.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1938
  • Stories: 1
  • Living Area: 730 SqFt

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: Benjamin Ness

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From Chandler Park...S on Marseilles

Price Information

Listing Price Info

Price Summary:

  • List Price: $65,000
  • Price Per SqFt: $89/SqFt

Tax Information:

  • Annual Amount: $1,576
  • 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

5562 Marseilles St vs Detroit

167 DAYS ON ROCKET

+122 Days

$65,000

-$20K Less

$89/SqFt

+$15 More

KEY TAKEAWAY

This property is $20K 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: #20240034886

Listing Office:

  • Office Name: Clyde Realty LLC
  • Office Phone: (313) 974-1830
  • Listing Agent: Benjamin Ness

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: 11/5/2024, 8:20:53 AM 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 15, 2019Home Sold
$20,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,576$10,500
2020$819$9,500
2018$819$6,700
2017$597$6,800

History based on county public records data.

Payment Calculator

$392

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$261

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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-1961061
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 1.13 miles

  • Public Magnet Grades 4-6

school-card-donut-1961062
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 1.19 miles

  • Public Charter Grades KG-5

school-card-donut-1961063
4
/10

  • John Monteith Elementary School

  • 1275 Cook Rd

  • 1.28 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 $53,125. Typical income of Detroit, MI residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5562 Marseilles St

What is the listing price of this property?

The listing price of 5562 Marseilles St property is $65,000.

What type of property is this?

The property 5562 Marseilles St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5562 Marseilles 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 $1,576 (source: MLS/based on county public records data).

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

The last sale was on January 15, 2019 for $20,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5562 Marseilles St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5562 Marseilles St is 730 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5562 Marseilles St is 1938.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5562 Marseilles St

This home is located at 5562 Marseilles St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 730 square foot home, which was built in 1938, sits on a 0.10 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $65,000.

In October 2024 more than 125 listings in Detroit, MI were sold above the asking price. During the same period more than 93 listings were sold at asking price, while more than 257 were sold below. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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