5503 Somerset Avenue, Detroit, MI 48224 - Photo 1

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1/19

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$137,500

For Sale
Active
Single Family
3 Beds
2 Full Baths
1 Partial Bath
1,304 Sq. Ft.
Updated 10 days ago

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1/19

Property Description

Newly updated STARTER HOME!! Buyer financing fell through. Inspection, and appraisal came back with no issues, just needs a new Buyer!! This one is ready for you to move in and add your personal touches. Fresh paint, new carpet throughout, and a NEW ROOF installed. A new A/C unit to be included before closing!! This bungalow has a very nice bedroom on the upper level with a full bath. This basement has recessed lighting and a roomy half bath. You can make this basement into another living area. Schedule a showing today, and move into this home before the leaves start to fall.

Full Property Details

Full Property Details for 5503 Somerset Ave

General

Price: $137,500
Taxes: $1,403
Status: Active
Type: Single Family
Source: SWMRIC_MLS
MLS ID: 24040521
Updated: 12/17/2024
Added to Site: 43 day(s) ago

Interior

Number of Rooms: 6
Fireplace: Yes
Number of Fireplaces: 1

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 3

Other Rooms

Laundry: Gas Dryer Hookup

Location

Area: Wayne County - 100
County: Wayne
Subdivision: EAST DETROIT DEVELOPMENT COS NO 4
Cross Streets: Outer Dr. & Alter Rd.
Driving Directions: East of Alter Rd. South of Outer Dr.

Heating & Cooling

Heating Type: Forced Air

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Bungalow
Construction: Brick
Basement: Yes
Stories/Levels: 2
Square Feet: 1,304
Living Area: 1,304 Sq. Ft.
Year Built: 1938

Lot Features

Lot Size (Acres): 0.11
Lot Size (Sq. Ft.): 4,792
Lot Dimensions: 40.00 x 120.00

Financial Considerations

Tax Amount: $1,403.88
Terms: Cash, FHA, VA Loan, MSHDA, Conventional

Disclosures and Reports

Legal Description: W SOMERSET 1890 E DETROIT DEVELOPMENT COS SUB NO 4 L42 P9 PLATS, W C R 21/615 40 X 120
Property ID: 21067492

Listed by Timeless Real Estate, Michael Cohill

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Listing agent

— 5503 Somerset Ave —

Michael Cohill

Timeless Real Estate

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Schools

Schools serving 5503 Somerset Ave

School District:Detroit Public Schools Community District

Name	Grades	Distance
Ronald Brown Academy 11530 E Outer Dr, Detroit, MI 48224	PK-6	0.2 mi
Edward 'duke' Ellington Conservatory Of Music & Art At Beckham Academy 9860 Park Dr, Detroit, MI 48213	PK-8	1.6 mi
Spain Elementary-Middle School 3700 Beaubien St, Detroit, MI 48201	PK-8	6.3 mi
Frederick Douglass Academy For Young Men 2001 W Warren Ave, Detroit, MI 48208	6-12	7.7 mi
East English Village Preparatory Academy 5020 Cadieux Rd, Detroit, MI 48224	9-12	1.1 mi
Detroit School Of Arts 123 Selden St, Detroit, MI 48201	9-12	6.8 mi
Cass Technical High School 2501 2nd Ave, Detroit, MI 48201	9-12	7.2 mi
Detroit International Academy For Young Women 9026 Woodward Ave, Detroit, MI 48202	PK-12	6.8 mi
Clippert Academy 1981 McKinstry St, Detroit, MI 48209	5-8	9.5 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5503 Somerset Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/17/2024

Price Reduced

$137,500

-1.79%

MLS

8/10/2024

Listed

$140,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 5503 Somerset Ave

Year

Property Taxes

Change

Tax Assessment

Change

2023

$1,404

$28,700

27%

2020

$1,324

114%

$22,600

10%

2022

$620

-53%

$20,500

24%

2020

$1,324

—

$16,500

2020

$1,324

$15,200

2019

$1,304

$13,900

12%

2018

$1,255

—

$12,400

2017

$1,249

-9%

$11,500

-9%

2016

$1,370

-12%

$12,700

-15%

2015

$1,551

-19%

$14,900

-22%

2014

$1,911

-3%

$19,060

-5%

2013

$1,978

—

$20,063

—

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Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 5503 Somerset Ave

5503 Somerset Avenue, Detroit, MI 48224 (MLS# 24040521) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 5503 Somerset Avenue is currently listed for $137,500 and was received on November 15, 2024. Want to learn more about 5503 Somerset Avenue? Do you have questions about finding other Single Family real estate for sale in Detroit? You can browse all Detroit real estate or contact a Coldwell Banker agent to request more information.

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5503 Somerset Ave Detroit, MI 48224