For Sale
5045 Wayburn Street, Detroit, MI 48224
$94,900
MLS # 20261052804 (Realcomp)
3 beds1 bath1,176 sqftBuilt 19360.09 acres
1 / 16
Listing Description
Move-in Ready Opportunity in Detroit's Emerging Morningside Neighborhood! This charming bungalow offers an affordable path to homeownership at under $100,000. Featuring beautiful hardwood floors, vinyl replacement windows throughout, and solid bones, this home is move-in ready while still offering an excellent opportunity to add your own personal touches and build instant equity. Whether you're a first-time homebuyer looking for an affordable place to call home or an investor seeking your next rental or value-add property, this home delivers outstanding potential. Don't miss your chance to own in one of Detroit's up-and-coming neighborhoods at an exceptional price.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,176 sq ft home built in 1936 sits in Finney in Detroit.
Asking $94,900 (about $81/sq ft).
Annual property taxes run approximately $1,996 ($166/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,176 sqft
Lot Size0.09 acres
Year Built1936
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed7/8/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,427
Tax Year2025
State Equalized Value$31,100
Assessed Value$31,100
Homestead (PRE)100%
Parcel #21063913.
Source: Public Records
Legal Description
W WAYBURN 18 WINNETKA PARK SUB L38 P68 PLATS, W C R 21/520 35 IRREG
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Danny Peterson
EXP Realty Main
Frequently Asked Questions about 5045 Wayburn Street, Detroit, MI 48224
What school district is 5045 Wayburn Street, Detroit, MI 48224 in?
Per MLS# 20261052804, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 5045 Wayburn Street, Detroit, MI 48224?
Per MLS# 20261052804, 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# 20261052804, the most recent reported annual property tax for 5045 Wayburn Street, Detroit, MI 48224 is $1,750. 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 5045 Wayburn Street, Detroit, MI 48224 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5045 Wayburn Street, Detroit, MI 48224 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.
Who are the utility providers for this property?
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.
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$1,996
Monthly$166
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$782
Principal & interest$616
Property taxes$166
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5045 Wayburn Street, Detroit, MI 48224
View full property history →
Neighborhood
Finney
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 5045 Wayburn Street
We'll notify you when something hits the market in Finney or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.