3 months on rocket

5570 Townsend St, Detroit, MI, 48213

$34,000

Home List Price

$404*

Closing Credit

3 Bedrooms
1 Full Bath
1,412 SqFt
$24/SqFt
House

Location

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5570 Townsend St, Detroit$34,000

Buyer Closing Credits

$404*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNoGarage
Year Built1910
HeatingForced Air, Natural Gas
BasementYes
MLS #20240066859
Lot Size0.09 Acres
StatusActive

About 5570 Townsend St

This 3-bedroom, 1-bath home presents a perfect investment opportunity in Detroit’s growing real estate market. Featuring new 220 amp electrical, updated plumbing, and a 24/7 state-of-the-art security system, the major upgrades are already taken care of. The property will require a full cosmetic renovation, making it an ideal project for investors looking to capitalize on the rising values in the area. Situated near the revitalizing Jefferson-Chalmers neighborhood and other ongoing developments on Detroit’s East Side, this home offers great potential in a community poised for growth. Don’t miss out on transforming this property into a profitable asset!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1910
  • Living Area: 1,412 SqFt

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Thergam Alshara

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: NoGarage

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: North of Gratiot and west of Van Dyke

Price Information

Listing Price Info

Price Summary:

  • List Price: $34,000
  • Price Per SqFt: $24/SqFt
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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

5570 Townsend St vs Detroit

103 DAYS ON ROCKET

+54 Days

$34,000

-$51K Less

$24/SqFt

-$44 Less

KEY TAKEAWAY

This property is $51K less than the Median Sold Price and $44/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: #20240066859

Listing Office:

  • Office Name: Keller Williams Legacy
  • Office Phone: (313) 752-0000
  • Listing Agent: Thergam Alshara

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: 12/18/2024, 4:21:11 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 - -

History based on county public records data.

Payment Calculator

$237

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$168

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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-45962
2
/10

  • Oakland International Academy Elementary School

  • 4001 Miller St

  • 1.35 miles

  • Public Charter Grades 2-4

school-card-donut-45963
3
/10

  • Bridge Academy East

  • 9600 Buffalo St

  • 1.96 miles

  • Public Charter Grades PK-5

school-card-donut-45964
3
/10

  • Dickinson East Elementary School

  • 3385 Norwalk St

  • 2.11 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $9,643. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5570 Townsend St

What is the listing price of this property?

The listing price of 5570 Townsend St property is $34,000.

What type of property is this?

The property 5570 Townsend St is a house located in Detroit, Michigan, 48213.

Is this property for sale now?

Active Listing: 5570 Townsend St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5570 Townsend St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5570 Townsend St is 1,412 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5570 Townsend St is 1910.

Rocket Homes›Michigan›Wayne County›Detroit›48213›5570 Townsend St

This home is located at 5570 Townsend St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 1,412 square foot home, which was built in 1910, sits on a 0.09 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $34,000.

In November 2024, from all listings sold in Detroit, MI there were more than 94 sold above asking price, over 247 sold below and more than 55 were sold right at the asked price. 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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