Sold
4626 LAKEWOOD Street, Detroit, MI 48215
Sold on 10/08/2024 for$65,000
MLS # 20240020855 (Realcomp)
5 beds3 baths4,130 sqftBuilt 19260.19 acres
1 / 30
Listing Description
Welcome to 4626 Lakewood, a beautiful and stately home with historic classic charm. This home has a spacious two-story layout with 5 bedrooms and 2.5 bathrooms. Sturdy brick construction with historical architectural elements and ample fenced lot is perfect for creating outdoor living spaces or additions.Some Recent Improvements:- Newly installed electrical box ensuring modern electrical compliance.- Upgraded plumbing system with new radiator valves.- Replacement of original boiler pipes with new piping.- A completely new plumbing stack, enhancing long-term reliability.- Fresh drywall throughout, primed for final finishes.- A finished basement that adds valuable living space and functionality.This beautiful neighborhood has strong investment growth and renovation momentum. Active rental market potential for future cash flow or resale opportunities. The combination of historical features with substantial structural updates makes this home a standout project, ready for its next chapter. Don’t miss out on this investment primed for completion and poised for profit.*This home had already begun being renovated when a small fire occurred in the stairway.*
Source: SparkMLS
About this home
Located in Chandler Park in Detroit, this property offers 5-bedroom, 3-bath, 4,130 sq ft, with original construction dating to 1926.
Final sale price: $65,000 (about $16/sq ft).
Estimated annual property tax: $2,272, or about $189 monthly. 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. Broadband is available with download speeds up to 2,000 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms3
Living Area4,130 sqft
Lot Size0.19 acres
Year Built1926
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionBrick
BasementPartial
HeatingRadiant
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed4/3/2024
Sold Date10/7/2024
Original Price$129,900
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$968
Tax Year2025
State Equalized Value$35,400
Assessed Value$35,400
Parcel #21054655.
Source: Public Records
Legal Description
E LAKEWOOD 105 JOHN A HAGERS ONEIDA PARK SUB L33 P82 PLATS, W C R 21/441 50 X 161.69A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Arianna Lee
National Realty Centers, Inc
Frequently Asked Questions about 4626 LAKEWOOD Street, Detroit, MI 48215
Which school district serves 4626 LAKEWOOD Street, Detroit, MI 48215?
Per MLS# 20240020855, 4626 LAKEWOOD Street, Detroit, MI 48215 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
What financing options are available for 4626 LAKEWOOD Street, Detroit, MI 48215?
Per MLS# 20240020855, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4626 LAKEWOOD Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $1,037. 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, 4626 LAKEWOOD Street, Detroit, MI 48215 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 4626 LAKEWOOD Street, Detroit, MI 48215 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 not currently available at 4626 LAKEWOOD Street, Detroit, MI 48215. The maximum advertised download speed is 2.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 4626 LAKEWOOD Street, Detroit, MI 48215?
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
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Annual tax$2,272
Monthly$189
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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%
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Monthly payment$611
Principal & interest$422
Property taxes$189
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
2 Gbps
Upload
250 Mbps
CableLicensed 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
4626 LAKEWOOD Street, Detroit, MI 48215
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Neighborhood
Chandler Park
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Community
Detroit
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County
Wayne County
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