5050 Somerset Avenue Detroit, MI ^$ 84,900

5050 Somerset Avenue

^$ 84,900

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Recently Listed

5050 Somerset Avenue

Detroit, MI, 48224

^$ 84,900

Bedrooms3 Baths1.0 Sq 1,356

Monthly Estimate*

^$ 523

5050 Somerset Avenue, Detroit, MI 48224 - Image 1

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5050 Somerset Avenue, Detroit, MI 48224 - Image 9

Single Family Home for sale in Detroit, MI

for $84,900 with 3 bedrooms and 1 full bath. This 1,356 square foot home was built in 1928 on a lot size of 0.11.

Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented, offering immediate income for the right buyer. Updated kitchen and bathroom. Located close to shopping and a major expressway for an easy commute, this property sits in a convenient, in-demand area that appeals to renters. *****Please do not disturb the tenants. Showings will not be allowed until an offer is accepted, with no exceptions.*****Owner has other rentals properties to sell and this can be bought individually or as a package deal. All information deemed reliable but not guaranteed. Buyers or buyer's agent to verify all information.

Single Family Active

Price

^$ 84,900

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 3,710

Style

Colonial

Lot Size

0.11

Year Built

1928

Town/City

Detroit

County/Region

Wayne

MLS | Web ID

60977835

Features

General

Heating Forced Air

Kitchen Level Entry

Possession Subject To Tenant Rights

Garage Detached Garage

Water Public Water

Status Active Active

Full Baths 1

Half Baths 0

Bathrooms 1

Year Built 1928

Subdivision East Detroit Dev Cos 3 MI

Water Heater Gas

Style Colonial

County Wayne

Class RESIDENTIAL

Type Single Family

Ownership Private

Municipality Detroit

Sale/Rent For Sale

Status Detail 0

Structure Style 2 Story

Area Detroit (82001)

Primary City Detroit

Directions Take Warren to Somerset then north on Somerset

City Detroit

School District Detroit City School District

Financial Terms Cash Conventional

Legal Description PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2021. E SOMERSET 1639 E DETROIT DEVELOPMENT COS SUB NO 3 L38 P32 PLATS

DOM 0

Postal Code 48224

Price Per Sq Ft Total AG 62.61

Public Remarks Investment-ready opportunity: a solid 3-bedroom ranch that's currently rented

Interior

Dining Room Level Entry

Basement Unfinished

Bedroom 3 Level Second

Bedroom 1 Level Second

Bedroom 2 Level Second

Beds 3

Fireplace? No

Total Rooms 7

Exterior

Exterior Brick

Frontage 40

Lot Size Area 0.11

Pool (Y/N) No

Lot Dimensions 40X124.09

Roads Paved Street

Waterfront Y/N No

* Excluded Features

List By

James Haidar

Listing Agent

Re/Max First

Broker

JAMESHAIDAR@YAHOO.COM

Affordability Calculator

$832

Per Month

Monthly Principal & Interest: $523
Monthly Property Taxes: $309
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Detroit, MI

Average List Price ^$128,510

Percent of Sale Price 51%

About Detroit, MI

633,657 Population

-33% Since 2002

^$26,977 Median Income

36.23 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

759604 Elementary School

760475 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/22/2026	$84,900		Listed Price

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5050 Somerset Avenue, Detroit, MI, 48224 is a Single Family Home for sale at $84,900 with 1,356 sqft and a lot size of 0.11. 5050 Somerset Avenue has 3 bedrooms, 1.0 baths, and was built in 1928. The property's zip code is 48224 which is in Detroit, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

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5050 Somerset Avenue

Single Family Home for sale in Detroit, MI

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