Sold
5050 THREE MILE Drive, Detroit, MI 48224
Sold on 07/16/2025 for$112,500
MLS # 20250029160 (Realcomp)
Built 19280.11 acres
1 / 32
Listing Description
Lovely brick Tudor multifamily home in Detroit featuring timeless curb appeal and great potential for homeowners or investors alike! This classic property offers two spacious units, each with two bedrooms and a full bath, perfect for versatile living or rental opportunities. The first-floor unit welcomes you with dark hardwood floors, beautiful wood trim, and elegant coved ceilings, plus a cozy natural fireplace as the centerpiece of the living room. Upstairs, the second unit boasts a partially updated interior with fresh touches, along with a large, bright kitchen. Both units feature generously sized kitchens ready for your personal flair. A shared basement offers extra storage and laundry space. Situated just minutes from Downtown, you'll be close to all the best restaurants, nightlife, and city amenities. Welcome Home!
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 2-bath, with original construction dating to 1928.
Closed at $112,500.
Property tax estimate: $1,707 per year ($142/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 5,000 Mbps across 9 providers.
Listing Property Details
Property TypeMulti Family
Bathrooms2
Lot Size0.11 acres
Year Built1928
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Wood Siding
HeatingForced Air
WaterPublic
Sale & Financing
Listed4/29/2025
Sold Date7/15/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,205
Tax Year2025
State Equalized Value$26,600
Assessed Value$26,600
Parcel #21071165.
Source: Public Records
Legal Description
E THREE MILE DRIVE 363 HENRY RUSSELLS THREE MILE DRIVE SUB NO 1 L46 P20 PLATS, W C R 21/699 40 X 120
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jim Shaffer
Good Company
Frequently Asked Questions about 5050 THREE MILE Drive, Detroit, MI 48224
Which school district serves 5050 THREE MILE Drive, Detroit, MI 48224?
Per MLS# 20250029160, 5050 THREE MILE Drive, 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.
Can I use FHA or VA financing for this property?
Per MLS# 20250029160, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5050 THREE MILE Drive, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $2,209. 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, 5050 THREE MILE Drive, 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 5050 THREE MILE Drive, 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 5050 THREE MILE Drive, Detroit, MI 48224. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5050 THREE MILE Drive, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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$1,707
Monthly$142
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$920
Principal & interest$778
Property taxes$142
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
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
5050 THREE MILE Drive, 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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