3 months on rocket

5586 Lemay St, Detroit, MI, 48213

$20,000

Home List Price

$238*

Closing Credit

4 Bedrooms
1 Full Bath
1,065 SqFt
$19/SqFt
House

Location

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5586 Lemay St, Detroit$20,000

Buyer Closing Credits

$238*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage2 spaces
Year Built1922
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240057837
Lot Size0.07 Acres
StatusActive

About 5586 Lemay St

Unlock the potential of 5586 Lemay St, a prime investment opportunity in the heart of Detroit. This property, in need of a complete rehab, offers a blank canvas for your renovation dreams. With its classic architecture and solid structure, transform this house into a stunning modern home. The spacious layout and large backyard provide ample room for creativity. This home is perfect for visionary homeowners or investors looking to add value. Don't miss this chance to create your dream space. Schedule a private showing today and explore the possibilities at 5586 Lemay St. BATVAI

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1922
  • Stories: 1
  • Living Area: 1,065 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jayla Littles

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: From the East (Grosse Pointe area): Head west on I-94 W toward Detroit. Take exit 215C for Chene St. Turn right onto Chene St. Turn left onto E Warren Ave. Turn right onto Lemay St. 5586 Lemay St will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $20,000
  • Price Per SqFt: $19/SqFt

Tax Information:

  • Annual Amount: $565
  • 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

5586 Lemay St vs Detroit

90 DAYS ON ROCKET

+45 Days

$20,000

-$65K Less

$19/SqFt

-$55 Less

KEY TAKEAWAY

This property is $65K less than the Median Sold Price and $55/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: #20240057837

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (888) 501-7085
  • Listing Agent: Jayla Littles

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, 3:20:53 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$565$5,525
2020$373$6,400
2018$373$5,700
2017$373$5,900

History based on county public records data.

Payment Calculator

$167

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$126

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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-2054310
2
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 2.52 miles

  • Public Charter Grades 2-4

school-card-donut-2054311
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 2.77 miles

  • Public Charter Grades KG-5

school-card-donut-2054312
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 2.83 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 $25,761. Typical income of Detroit, MI residents is less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5586 Lemay St

What is the listing price of this property?

The listing price of 5586 Lemay St property is $20,000.

What type of property is this?

The property 5586 Lemay St is a house located in Detroit, Michigan, 48213.

Is this property for sale now?

Active Listing: 5586 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 $565 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5586 Lemay St has 4 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5586 Lemay St is 1,065 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5586 Lemay St is 1922.

Rocket Homes›Michigan›Wayne County›Detroit›48213›5586 Lemay St

This home is located at 5586 Lemay St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 1,065 square foot home, which was built in 1922, sits on a 0.07 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $20,000.

Detroit, MI housing market in October 2024 saw over 125 listings sold above listed price, more than 93 sold at listed price and over 257 sold below. The inventory of homes for sale in Detroit, MI between September 2024 and October 2024 increased by 11.2%. 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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