Sold
503 MOUNT VERNON Street, Detroit, MI 48202
Sold on 02/28/2025 for$366,000
MLS # 20240086503 (Realcomp)
4 beds4 baths1,955 sqftBuilt 19100.04 acres
1 / 41
Listing Description
Mount Vernon had been slated to be demolished by the City of Detroit. Thank goodness it was not. This home was purchased and renovated! Originally built in 1910, the current owners began a journey of restoring the home in 2023 and completion in 2024. The homes sits on 2 lots (503 and 509 Mount Vernon) and features 4 bedrooms, 2 full and 2 half baths. The first floor boasts a bright and open floor plan. Kitchen features quartz countertops and stainless steel appliances. Second floor has 3 bedrooms to included the primary bedroom ensuite and a full bathroom with soaking tub and separate shower. Access to the 3rd floor was re-designed to allow for a 4th bedroom or flex space. All new windows, forced-air mechanicals and air conditioning. The bricks on the exterior of the home have been restored. Exterior features include new cement, free-standing deck and custom designed privacy fence creating a magnificent outdoor oasis. Located in the heart of North End and within minutes of the vibrant Milwaukee Junction, New Center, Henry Ford Health Campus, Midtown, etc.
Source: SparkMLS
About this home
Located in Middle Woodward in Detroit, this property offers 4-bedroom, 4-bath, 1,955 sq ft, with original construction dating to 1910.
Closed at $366,000 (about $187/sq ft).
Estimated annual property tax: $3,119, or about $260 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 1,200 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms4
Living Area1,955 sqft
Lot Size0.04 acres
Year Built1910
Stories3
Location
CityDetroit
Zip Code48202
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Wood Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed11/16/2024
Sold Date2/27/2025
Original Price$409,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$4,860
Tax Year2025
State Equalized Value$48,600
Assessed Value$48,600
Parcel #03002084.
Source: Public Records
Legal Description
N MT VERNON S 60 FT 102 S 60 FT OF W 1 FT 101 KOCHS L8 P14 PLATS, W C R 3/95 30.5 X 60
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Gaye A Butler
Robinson Realty & Management Group Inc
Frequently Asked Questions about 503 MOUNT VERNON Street, Detroit, MI 48202
What school district is 503 MOUNT VERNON Street, Detroit, MI 48202 in?
Per MLS# 20240086503, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20240086503, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240086503, the most recent reported annual property tax for 503 MOUNT VERNON Street, Detroit, MI 48202 is $768. 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.
Is 503 MOUNT VERNON Street, Detroit, MI 48202 eligible for USDA financing?
Per USDA Rural Development boundary data, 503 MOUNT VERNON Street, Detroit, MI 48202 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 503 MOUNT VERNON Street, Detroit, MI 48202 is in flood zone X (minimal risk). 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.
Is fiber internet available at 503 MOUNT VERNON Street, Detroit, MI 48202?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 1.2 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Water: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Wayne County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
Map
Tax Estimate
$
Annual tax$3,119
Monthly$260
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
$
%
$
$
$
Monthly payment$2,783
Principal & interest$2,523
Property taxes$260
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 SatelliteDSLSatellite
9 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
503 MOUNT VERNON Street, Detroit, MI 48202
View full property history →
Neighborhood
Middle Woodward
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 503 MOUNT VERNON Street
We'll notify you when something hits the market in Middle Woodward or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.