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561 Lakewood St, Detroit, MI, 48215

$125,000

Home List Price

$1,484*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
2,230 SqFt
$56/SqFt
House

Location

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561 Lakewood St, Detroit$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOneCarGarage, Detached
Garage1 space
Year Built1923
HeatingHot Water, Natural Gas
BasementYes
FireplaceWoodBurning
MLS #20240091503
Lot Size0.13 Acres
StatusActive

About 561 Lakewood St

Fixer upper on Lakewood in Jefferson Chalmers - one of the best streets in Detroit! This home has lovely original character throughout the interior and exterior, a wood burning fireplace, butler's pantry, large primary bedroom with walk in closet, one car garage, and fully fenced in yard. Over 2,200 sq ft of living space, with 4 bedrooms, and 1.1 bathrooms. Basement has higher ceilings, plenty of storage space, and is clean. Resale value is in the $300k-$350k range, depending on quality of finishes. Great bones and ready for the next owner.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1923
  • Living Area: 2,230 SqFt

Listing Office:

  • Office Name: @properties Christies Intl R.E. Detroit
  • Office Phone: (313) 230-0510
  • Listing Agent: Gustaf Andreasen

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: EntranceFoyer
  • Fireplace: WoodBurning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Awnings, Balcony

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: OneCarGarage, Detached

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Hot Water, Natural Gas

Other

Directions Information:

  • Directions: Jefferson to Lakewood

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $56/SqFt

Tax Information:

  • Annual Amount: $1,489
  • 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

561 Lakewood St vs Detroit

1 DAY ON ROCKET

-48 Days

$125,000

+$39.9K More

$56/SqFt

-$12 Less

KEY TAKEAWAY

This property is $39.9K more than the Median Sold Price and $12/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: #20240091503

Listing Office:

  • Office Name: @properties Christies Intl R.E. Detroit
  • Office Phone: (313) 230-0510
  • Listing Agent: Gustaf Andreasen

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: 12/11/2024, 6:21:09 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$1,489$25,700
2020$973$22,000
2018$973$16,500
2017$972$16,900

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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-1782752
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.13 miles

  • Public District Grades KG-5

school-card-donut-1782753
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 3.22 miles

  • Public Charter Grades KG-5

school-card-donut-1782754
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 3.41 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,804. Most Detroit, MI residents have annual incomes less than $35k. Typical family type is 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 561 Lakewood St

What is the listing price of this property?

The listing price of 561 Lakewood St property is $125,000.

What type of property is this?

The property 561 Lakewood St is a house located in Detroit, Michigan, 48215.

Is this property for sale now?

Active Listing: 561 Lakewood 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 $1,489 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 561 Lakewood St has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 561 Lakewood St is 2,230 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 561 Lakewood St is 1923.

Rocket Homes›Michigan›Wayne County›Detroit›48215›561 Lakewood St

This home is located at 561 Lakewood St in Detroit, MI and zip code 48215 in the Lower East neighborhood. This 2,230 square foot home, which was built in 1923, sits on a 0.13 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $125,000.

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. The number of listings in Detroit, MI increased by 2% between October 2024 and November 2024. 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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