Sold
5057 University Place, Detroit, MI 48224
Sold on 03/09/2026 for$110,000
MLS # 20251055046 (Realcomp)
3 beds1 bath1,301 sqftBuilt 19410.17 acres
1 / 21
Listing Description
Gorgeous, 3 bedrooms Brick colonial located in the Bald Duck Park Area. Close to Grosse Pointe shopping and St. John Hospital or Ascension. This home has a new roof install within 6 months. New windows less than 6 months. New interior doors and a gorgeous kitchen with quartz and high-end cabinets. This home is perfect for a starter or maybe a forever home with a spacious backyard with a new driveway and a new garage door. The bathroom has also been remodeled with beautiful tile and newer vanity and toilet. New luxury vinyl tile is installed in the upper bedroom. This home has been totally remodeled. This home is located next to E Warren Corridor Avenue of Fashion with a lot of developments and gentrification. This house is waiting on you to call it your home. *******Seller is willing to offer Stove Fridge and Microwave for full asking price with no concessions. Also, is willing to give Central Air.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 1,301 sq ft home built in 1941 sits in Finney in Detroit.
Final sale price: $110,000 (about $85/sq ft).
Estimated annual property tax: $2,837, or about $236 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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area1,301 sqft
Lot Size0.17 acres
Year Built1941
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementMichigan Basement
Garage1.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed11/17/2025
Sold Date3/8/2026
Original Price$121,000
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$1,639
Tax Year2025
State Equalized Value$44,200
Assessed Value$44,200
Homestead (PRE)100%
Parcel #21077511.
Source: Public Records
Legal Description
W UNIVERSITY PL 16 FARMBROOK SUB L51 P79 PLATS, W C R 21/849 55.30 X 133.69
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Randall Thomas
Randall Acquisition LLC
Frequently Asked Questions about 5057 University Place, Detroit, MI 48224
Which school district serves 5057 University Place, Detroit, MI 48224?
Per MLS# 20251055046, 5057 University Place, 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# 20251055046, this listing accepts Cash, Conventional, FHA 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 5057 University Place, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $1,385. 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, 5057 University Place, 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 5057 University Place, 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 5057 University Place, Detroit, MI 48224. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5057 University Place, 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$2,837
Monthly$236
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$1,008
Principal & interest$772
Property taxes$236
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteLicensed Fixed WirelessDSLSatellite
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
5057 University Place, 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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