For Sale
5123 Commonwealth Street, Detroit, MI 48208
$50,000
MLS # 20261018716 (Realcomp)
0.09 acres
1 / 1
Listing Description
Build your dream home in the heart of the city. Lots of new construction going on around this neighborhood.
Source: SparkMLS
About this home
Listed at $50,000.
Estimated annual property tax: $5,770, or about $481 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.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.09 acres
Location
CityDetroit
Zip Code48208
CountyWayne
School DistrictDetroit
Sale & Financing
Listed3/22/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,229
Tax Year2025
State Equalized Value$89,900
Assessed Value$89,900
Parcel #08006201.
Source: Public Records
Legal Description
W COMMONWEALTH S 5 FT 35 34 J L MC CLOUDS SUB L6 P85 PLATS, W C R 8/93 ALSO S 25 FT OF E 44.17 FT OF O L 5 SUB OF REAR P C NO 27 L21 P300 DEEDS, W C R 8/72 40 IRREG
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Nancy Cuddihy
Premiere Realty Group LLC
Frequently Asked Questions about 5123 Commonwealth Street, Detroit, MI 48208
What school district is 5123 Commonwealth Street, Detroit, MI 48208 in?
Per MLS# 20261018716, 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# 20261018716, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261018716, the most recent reported annual property tax for 5123 Commonwealth Street, Detroit, MI 48208 is $2,542. 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 5123 Commonwealth Street, Detroit, MI 48208 eligible for USDA financing?
Per USDA Rural Development boundary data, 5123 Commonwealth Street, Detroit, MI 48208 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, 5123 Commonwealth Street, Detroit, MI 48208 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. 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$5,770
Monthly$481
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$805
Principal & interest$324
Property taxes$481
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
5123 Commonwealth Street, Detroit, MI 48208
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Neighborhood
Jeffries
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Community
Detroit
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County
Wayne County
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