Sold
4394 SOMERSET Avenue, Detroit, MI 48224
Sold on 05/22/2024 for$25,000
MLS # 20240016146 (Realcomp)
3 beds1 bath1,262 sqftBuilt 19380.11 acres
1 / 17
Listing Description
WOW. Amazing opportunity on this 3 bedroom brick bungalow. Endless opportunities on this one. Cash only sale. The property right next door at 4386 Somerset is also available for sale as a separate purchase for $24,900. Seller will not do any package deals. Buyer and agent to verify all information. Seller will NOT be responsible for any unpaid real estate taxes and/or assessments, levies, homeowner/condo association fees, costs and/or charges, utilities, code violations and any other charges. The buyer is fully responsible for performing the required diligence to verify any possible liens, judgements and/or assessments. Seller will provide a Quit Claim Deed for all cash sales with no title insurance. If title insurance purchased by the buyer, the Seller will provide a Special Warranty Deed. Current back taxes due are $5,347.20
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,262 sq ft home built in 1938 sits in Finney in Detroit.
This home sold for $25,000 (about $20/sq ft).
Annual property taxes run approximately $1,232 ($103/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company. Fiber internet is available at this address with download speeds up to 1,200 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,262 sqft
Lot Size0.11 acres
Year Built1938
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/20/2024
Sold Date5/21/2024
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,108
Tax Year2025
State Equalized Value$19,200
Assessed Value$19,200
Parcel #21067073.
Source: Public Records
Legal Description
E SOMERSET 1744 E DETROIT DEVELOPMENT COS SUB NO 3 L38 P32 PLATS, W C R 21/468 40 X 121.87A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Sam Hantosh
RE/MAX Team 2000
Frequently Asked Questions about 4394 SOMERSET Avenue, Detroit, MI 48224
Which school district serves 4394 SOMERSET Avenue, Detroit, MI 48224?
Per MLS# 20240016146, 4394 SOMERSET Avenue, Detroit, MI 48224 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
What financing options are available for 4394 SOMERSET Avenue, Detroit, MI 48224?
Per MLS# 20240016146, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4394 SOMERSET Avenue, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $1,152. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4394 SOMERSET Avenue, Detroit, MI 48224 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 4394 SOMERSET Avenue, Detroit, MI 48224 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 4394 SOMERSET Avenue, Detroit, MI 48224. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 4394 SOMERSET Avenue, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$1,232
Monthly$103
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
$
%
$
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Monthly payment$264
Principal & interest$162
Property taxes$103
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
1.2 Gbps
Upload
1 Gbps
CableFiberLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4394 SOMERSET Avenue, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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