Sold
5220 University Place, Detroit, MI 48224
Sold on 06/11/2026 for$40,000
MLS # 25053083 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,001 sqftBuilt 19250.15 acres
1 / 9
Listing Description
Great investment property set on a huge double lot, A huge double lot right next door is a separate parcel that can be purchased as a package to develop, put a tiny home, container home, extend, fence in or grow a garden, the possiblities are endless. Entertaining at home would be epic! Can be sold as a pakage or solo. MLS 25053085 Will entertain all reasonable offers. Probate property subject to court approval. Motion has already been filed, just need an offer.
Source: SparkMLS
About this home
2-bedroom, 1-bath, 1,001 sq ft home in Finney in Detroit built in 1925.
This home sold for $40,000 (about $40/sq ft).
Property tax estimate: $2,144 per year ($179/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 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,001 sqft
Lot Size0.15 acres
Year Built1925
Stories1
Location
CityDetroit
MunicipalityDetroit City
Zip Code48224
CountyWayne
School DistrictEast Detroit
Construction & Systems
ConstructionBrick
BasementMichigan Basement
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed2/9/2026
Sold Date6/10/2026
Original Price$65,000
Terms AcceptedCash, Land Contract, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,537
Tax Year2025
State Equalized Value$33,400
Assessed Value$33,400
Parcel #21077344.
Source: Public Records
Legal Description
E UNIVERSITY PL 26 FARMBROOK SUB L51 P79 PLATS, W C R 21/849 48 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 Nancy Brooks
eXp Realty, LLC
Frequently Asked Questions about 5220 University Place, Detroit, MI 48224
Which school district serves 5220 University Place, Detroit, MI 48224?
Per MLS# 25053083, 5220 University Place, Detroit, MI 48224 is in the East Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact East Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 25053083, this listing accepts Cash, Land Contract, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5220 University Place, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $1,408 (2025). 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, 5220 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 5220 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 5220 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 5220 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.
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Tax Estimate
$
Annual tax$2,144
Monthly$179
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$555
Principal & interest$376
Property taxes$179
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteSatelliteDSLLicensed Fixed Wireless
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
5220 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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