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5900 Seminole St, Detroit, MI, 48213

$500,000

Home List Price

$5,938*

Closing Credit

4 Full Baths
3,600 SqFt
$139/SqFt
Multi

Location

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5900 Seminole St, Detroit$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1923
HeatingNatural Gas, Hot Water
BasementYes
MLS #20240070471
Lot Size0.08 Acres
StatusActive

About 5900 Seminole St

LOCATED 6 MINUTES FROM THE HISTORIC INDIAN VILLAGE AND WEST VILLAGE, YOU WILL FIND 5900 SEMINOLE NESTLED ON A 3,484 SQUARE FOOT LOT IN A QUIET NEIGHBORHOOD OF HOMEOWNERS. THIS JEWEL HAS A BRAND NEW TEAR OFF 40 YEAR CROWN ROOF AND CONSISTS OF 4 RECENTLY REMODELED, TWO BED ROOM HOMES. SHE HAS BEEN CAREFULLY UPGRADED AND HAS NEWLY INSTALLED FURNACE’S AND HOT WATER TANKS. IN ADDITION, EACH UNIT HAS BRAND NEW PLUMBING BRAND NEW ELECTRICAL AS WELL TO INSURE MAINTENANCE FREE CASH FLOW. EACH SPACIOUS DWELLING HAS FRESHLY ROLLED PAINT AND BRAND NEW CARPET WITH TOP OF THE LINE UNDERLAYMENT. THIS BEAUTY HAS JUST BEEN LEASED WITH 2 OF 4 SECTION 8 TENANTS AND THE MONTHLY DIVIDENDS OF 2,370 ARE PAID IN FULL BY THE FEDERAL GOVERNMENT. THE OTHER 2 UNITS ARE WAITING 4 SECTION 8 INSPECTION.TENANTS PAY ALL THE UTILITIES WHICH ALLOWS THIS INVESTMENT TO PAY A RETURN OF JUST UNDER 20 % THE TAXES HAVE BEEN REDUCED TO ROUGHLY $100 PER MONTH. THIS DIAMOND WILL BE WRAPPED AROUND A LUCKY OWNER'S FINGER SOON! NO SHOWINGS WITHOUT ACCEPTED FULL LIST OFFER.

Property Details

Property Features

Property Information:

  • Architectural Style: Quadruplex
  • Year Built: 1923
  • Stories: 2
  • Living Area: 3,600 SqFt

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water

Other

Directions Information:

  • Directions: Seminole & Medbury

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $139/SqFt

Tax Information:

  • Annual Amount: $639
  • 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

$72

Avg. Days On Market

51

# of Sold Homes

387

5900 Seminole St vs Detroit

1 DAY ON ROCKET

-50 Days

$500,000

+$415K More

$139/SqFt

+$66 More

KEY TAKEAWAY

This property is $415K more than the Median Sold Price and $66/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: #20240070471

Listing Office:

  • Office Name: 1st Michigan Real Estate
  • Listing Agent: Marta Kopania

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: 9/19/2024, 2:20:53 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$639$28,900
2020$713$30,800
2018$713$20,600
2017$712$23,100

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-3526459
2
/10

  • Oakland International Academy - Elementary School

  • 4001 Miller St

  • 1.41 miles

  • Public Charter Grades 2-4

school-card-donut-3526460
7
/10

  • The James and Grace Lee Boggs School

  • 4141 Mitchell St

  • 1.88 miles

  • Public Charter Grades KG-4

school-card-donut-3526461
3
/10

  • Bridge Academy - Elementary School

  • 9600 Buffalo St

  • 1.92 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,704. The majority of Detroit, MI residents have income less than $35k annually. 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

Rocket Homes›Michigan›Wayne County›Detroit›48213›5900 Seminole St

This home is located at 5900 Seminole St in Detroit, MI and zip code 48213 in the Lower East neighborhood. This 3,600 square foot home, which was built in 1923, sits on a 0.08 acre lot. Features: 4 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $500,000.

In August 2024, from all listings sold in Detroit, MI there were more than 104 sold above asking price, over 209 sold below and more than 74 were sold right at the asked price. The inventory of homes for sale in Detroit, MI between July 2024 and August 2024 increased by 12.2%. In August 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $85,000.

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

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