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5903 Somerset Ave, Detroit, MI, 48224

$74,900

Home List Price

$889*

Closing Credit

3 Bedrooms
1 Full Bath
650 SqFt
$115/SqFt
House

Location

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5903 Somerset Ave, Detroit$74,900

Buyer Closing Credits

$889*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage2 spaces
Year Built1938
HeatingForced Air
BasementYes
FireplaceLiving Room
MLS #24056532
Lot Size0.69 Acres
StatusActive

About 5903 Somerset Ave

3 Bedroom bungalow with a full basement and 2 car detached garage in the Morningside Neighborhood. With a little TLC this will make for a great home or investment property. Home was recently vacated by tenants.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1938
  • Stories: 2
  • Living Area: 650 SqFt

Listing Office:

  • Office Name: Grant and Main, LLC
  • Office Phone: (313) 261-2921
  • Listing Agent: Stacey Leid

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.69 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: South of I94, East of Alter

Price Information

Listing Price Info

Price Summary:

  • List Price: $74,900
  • Price Per SqFt: $115/SqFt

Tax Information:

  • Annual Amount: $594
  • 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

$84.9K

Med. Price/SqFt

$72

Avg. Days On Market

45

# of Sold Homes

404

5903 Somerset Ave vs Detroit

3 DAYS ON ROCKET

-42 Days

$74,900

-$10K Less

$115/SqFt

+$42 More

KEY TAKEAWAY

This property is $10K less than the Median Sold Price and $42/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24056532

Listing Office:

  • Office Name: Grant and Main, LLC
  • Office Phone: (313) 261-2921
  • Listing Agent: Stacey Leid

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 11, 2018Home Sold
$25,000
Mar 21, 2012Home Sold
$71,694

Tax History

YEARPROP. TAXASSESSMENT
2021$594$11,400
2020$937$10,500
2018$937$8,500
2017$933$7,900

History based on county public records data.

Payment Calculator

$441

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

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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-878238
1
/10

  • Marvin L. Winans Academy of Performing Arts Elementary School

  • 9740 Mckinney St

  • 0.58 miles

  • Public Charter Grades KG-5

school-card-donut-878239
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.76 miles

  • Public District Grades KG-5

school-card-donut-878240
1
/10

  • Tyrone Elementary School

  • 19525 Tyrone St

  • 2.28 miles

  • Public Magnet Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,742. The most common annual income of people living in Detroit, MI is between $35k-100k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5903 Somerset Ave

What is the listing price of this property?

The listing price of 5903 Somerset Ave property is $74,900.

What type of property is this?

The property 5903 Somerset Ave is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5903 Somerset Ave 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 $594 (source: MLS/based on county public records data).

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

The last sale was on December 11, 2018 for $25,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5903 Somerset Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5903 Somerset Ave is 650 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5903 Somerset Ave is 1938.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5903 Somerset Ave

This home is located at 5903 Somerset Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 650 square foot home, which was built in 1938, sits on a 0.69 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 28, 2024 and is currently priced at $74,900.

Over 110 listings were sold over their listed price in September 2024 in Detroit, MI. In the same period over 221 listings were sold below the listed price and 73 listings were sold for the listed price. The number of homes for sale in Detroit, MI increased by 10.5% between August 2024 and September 2024. In September 2024 median list price was $84,971 and the average listing age was 45 days.

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

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