5025 Somerset Ave, Detroit, MI 48224
SOLDAPR 12, 2024

5025 Somerset Ave
Detroit, MI 48224

Morningside
  • Studio
  • 2 Baths
  • 1,772 sqft
  • Studio
  • 2 Baths
  • 1,772 sqft

$29,000

Last Sold: Apr 12, 2024
28% below list $40K
$16/sqft
Est. Refi. Payment $267/mo*

Homes for Sale Near 5025 Somerset Ave

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from April 12, 2024
INVESTOR SPECIAL in MORNINGSIDE! Previously set up as a duplex, but could also be converted back to a large single family home. Offering 1,772 sq ft and an unfinished basement (approx 1000 sq ft), there's plenty of room to bring your ideas to life! Make it your own or have an income producing property as a SFH or DUPLEX. This home is sold as-is. Currently set up as duplex featuring 2 bedrooms/1 bath on main floor and 1 bed/1bath on the second floor. Main floor is approx 1,000 sq ft, second floor is approx 770 sq ft. Partially fenced back yard. The vacant land next door is currently owned by Detroit Land Bank. Projected monthly rental income is based of off similarly sized single family homes recently leased within 0.5 miles. There is no garage. The purchaser will be required to sign an agreement with the land bank in regards to fixing the property up in a timely manner. CASH ONLY. BATVAI.

Home Highlights

Parking
Garage
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$16/sqft
Listed
48 days ago

Home Details for 5025 Somerset Ave

Interior Features

Interior Details
Basement: UnfinishedNumber of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1772 Square Feet
Heating & Cooling
Heating: Hot Water,Natural GasNo CoolingHas HeatingHeating Fuel: Hot Water
Fireplace & Spa
No Fireplace
Levels, Entrance, & Accessibility
Stories: 2Levels: Two

Exterior Features

Exterior Home Features
Roof: AsphaltPatio / Porch: PorchFencing: FencedFoundation: BasementNo Private Pool
Parking & Garage
Has a GarageParking: Garage
Frontage
Road Surface Type: PavedNot on Waterfront
Farm & Range
Frontage Length: Frontage: 0'

Property Information

Year Built
Year Built: 1929
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family, DuplexStructure Type: DuplexArchitecture: Duplex
Building
Construction Materials: Aluminum, Brick
Property Information
Parcel Number: W21I067519S

Price & Status

Price
List Price: $40,000Price Per Sqft: $16/sqft
Status Change & Dates
Off Market Date: Wed Feb 28 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: Sold

Location

Direction & Address
City: DetroitCommunity: East Detroit Development Cos No 3 (plats)
School Information
Elementary School District: DetroitJr High / Middle School District: DetroitHigh School District: Detroit

Building

Building Area
Building Area: 1772 Square Feet

HOA

Association for this Listing: Realcomp II Ltd

Lot Information

Lot Area: 4791.6 sqft

Listing Info

Special Conditions: Short Sale - No

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash

Compensation

Buyer Agency Commission: 3Buyer Agency Commission Type: %Sub Agency Commission: 3Sub Agency Commission Type: %Transaction Broker Commission: 3Transaction Broker Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

BasementMls Number: 20230101357

Additional Information

Publish Sale Price: 1
Last check for updates: about 11 hours ago
Listed by Amanda Johnson Bashor, (734) 578-4091
Exclusive House of Real Estate
Bought with: Dashayla Walker, (248) 288-3500, KW Metro
Originating MLS: Realcomp II Ltd
Source: Realcomp II, MLS#20230101357

Price History for 5025 Somerset Ave

DatePriceEventSource
04/12/2024$29,000Sold
Realcomp II #20230101357
03/04/2024$40,000PendingRealcomp II #20230101357
02/21/2024$40,000PriceChange
Realcomp II #20230101357
12/21/2023$45,000PendingRealcomp II #20230101357
12/03/2023$45,000Listed For SaleRealcomp II #20230101357
11/28/2023ListingRemovedRealcomp II #20230052864
11/09/2023$50,000PriceChange
Realcomp II #20230052864
10/21/2023$60,000PriceChange
Realcomp II #20230052864
08/29/2023$69,000PriceChange
Realcomp II #20230052864
07/13/2023$75,000Listed For SaleRealcomp II #20230052864
10/03/2019$89,900Sold
N/A
10/11/2018$49,800ListingRemovedAgent Provided
08/22/2018$49,800PriceChange
Agent Provided
06/29/2018$49,900PriceChange
Agent Provided
06/18/2018$54,900PriceChange
Agent Provided
05/14/2018$55,000Listed For SaleAgent Provided
12/22/2005$85,000Sold
N/A

Property Taxes and Assessment

Year2023
Tax
Assessment$21,000
Home facts updated by county records

Comparable Sales for 5025 Somerset Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.14
Multi-Family Home
$62,450
06/28/23
2
2,247
0.34
Multi-Family Home
$47,944
02/13/24
2
1,920
0.26
Multi-Family Home
$95,000
01/29/24
2
1,704
0.23
Multi-Family Home
$85,000
09/19/23
2
1,490
0.33
Multi-Family Home
$13,966
12/04/23
2
2,223
0.46
Multi-Family Home
$69,000
02/16/24
2
2,050
0.58
Multi-Family Home
$42,500
08/01/23
2
2,039

Assigned Schools

These are the assigned schools for 5025 Somerset Ave.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Morningside

  • Trulia User
    "I lived on Courville from 1989-2007. The houses are nice houses, but the neighborhood is dying because people don’t care. Young people don’t know the value of owning something and maintaining it. "
    9
    Flag
  • Trulia User
    "I see people walking there dogs all the time and they are friendly and properly Train and I will feel safe with walking my dog if I had one and it’s a beautiful neighborhood and I will love too stay around this neighborhood."
    1
    Flag
  • Trulia User
    "it's a really nice neighborhood with everything one needs to live a great life. I've been here for over 3 years and I love it. I have great neighbors. "
    1
    Flag
  • Trulia User
    "Nothing at all . Everyone respect others and is very friendly. There are no loose dogs running around Unattended and they are very memorable"
    0
    Flag
  • Trulia User
    "Great neighbors, and they look after one another… I enjoying see the neighbors kids play together and make this a beautiful place to live."
    1
    Flag
  • Trulia User
    "The neighbors here are nice and peaceful. I’m just visiting with my mom and staying here for a week and the neighbors are nice. The community is quite and they keep each other safe."
    1
    Flag
  • Trulia User
    "It's gonna be the next up and coming neighborhood in Detroit. partially why I moved here. Despite what is said on the news, it's fairly safe area with lots to do around. I'd encourage any new home buyer(especially on a budget) to have no fear investing in the cool little neighborhood. "
    4
    Flag
  • Trulia User
    "Ok neighbor hood nice neighborhood friendly elderly people here and lots of children could be kept up better "
    0
    Flag
  • Trulia User
    "The homes are beautiful with character. Neighbors are friendly but not intrusive. Our neighborhood is quiet, it is an oasis in the city. "
    2
    Flag
  • Trulia User
    "My family has lived here for 30 years. The area has changed but is improving. There are many rehab projects happening now."
    0
    Flag
  • Diana R.
    "I the 48224 area it's so nice and safe and Friendly I just live this area and I would be blessed again to move back here"
    8
    Flag
  • Richard R. N.
    "I’ve lived in this neighborhood between Morningside, English Village and Mack Ave. is nice, and I hope it revives with the rest of the city. However, I dislike lack of cleaning and neighbors not respecting sleep time."
    12
    Flag
  • Cherina W.
    "Close to the freeway but one lane areas due to parking can make for a slow commute during busier times. "
    1
    Flag
  • Ashliu1
    "The area is pretty safe in Morningside and East English village. Really close to downtown area not more than 10-15 minutes. "
    1
    Flag
  • Michelle A.
    "We don’t have any community events that I know of. I’ve never been to any recently. But I would encourage the community to have more. "
    0
    Flag
  • Ena A. .
    "The neighborhood is good to a certain degree and do have schools in the neighborhood. Parents still have to watch and be mindful of the area. Good neighbors "
    2
    Flag
  • Rece D.
    "It feels great to see families coming back as well as new comers to Detroit. Homes are being worked on all the time and it’s time to buy! "
    3
    Flag
  • Xuanze C. C.
    "I love it , great Neighborhood great people hopefully becomes awesome in the next two years but does the neighborhood have a very good future and being patient is the only way to get the beauty of the neighborhood"
    9
    Flag
  • Xuanze C. C.
    "I love this neighborhood, everything is changing dramatically, made the right choice buying a house in this neighborhood , nice neighborhood, close to the fire department, close to the police precinct!! "
    20
    Flag
  • Wayburn House
    "My neighborhood has great access to major bus routes, freeways, and bike lanes. It's about a 35 minute commute to Fairlane in Dearborn, during morning rush hour traffic; and similar timing in the evening rush hour traffic coming home."
    2
    Flag
  • Terry D.
    "Every one looks out for each other and we all get alone with one another and have block club members and neighbors hood watch and security patrols "
    1
    Flag
  • Jessica J.
    "people are nice and decent well kept neighborhood. I highly recommend this area. pieceful and quiet "
    1
    Flag
  • Marion M.
    "Our neighborhood is friendly. We have a close knit street. Although no restaurants are close, they arent a far drive. "
    1
    Flag
  • Terrilenwood
    "I’m READY TO MOVE!!! My neighbors nor my neighborhood is the same anymore!!! To many renters moving in and not taking care of the homes "
    0
    Flag
  • Christhopherochoa
    "Morningside is a vibrant community with passionate people. Home to one of the oldest neighborhood associations in the city, Morningside is ever improving. A wonderful place to live. "
    41
    Flag

LGBTQ Local Legal Protections

IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-02-12 12:03:06 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR®- Lauren Buttazzoni - (313) 479-2702
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Homes for Rent Near 5025 Somerset Ave

Off Market Homes Near 5025 Somerset Ave

5025 Somerset Ave, Detroit, MI 48224 is a studio, 2 bathroom, 1,772 sqft multi-family built in 1929. 5025 Somerset Ave is located in Morningside, Detroit. This property is not currently available for sale. 5025 Somerset Ave was last sold on Apr 12, 2024 for $29,000 (28% lower than the asking price of $40,000). The current Trulia Estimate for 5025 Somerset Ave is $29,200.