Sold
5243 BISHOP Street, Detroit, MI 48224
Sold on 07/11/2024 for$152,500
MLS # 20240040942 (Realcomp)
3 beds2 baths2,050 sqftBuilt 19360.11 acres
1 / 15
Listing Description
Charming 3 bed 1.1 bath bungalow located in one of the best communities in Metro Detroit, East English Village. This spacious bungalow is perfect for an owner ready to add value and have instant equity. Be only the 3rd owner of this family home in this prestigious neighborhood that offers all the character you are looking for, from its hardwood floors under the carpets, natural fireplace in living room, kitchen with eat in breakfast nook, upstairs offers a large bedroom and half bath which is very hard to come by in the area, plus a partially finished basement with gorgeous knotty pine walls and a remarkable built in bar. All the heavy lifting has been done from its newer roof, newer furnace, water heater and A/C, and updated windows. All the new owner has to do is make it their own with the cosmetic updates with comparable finished homes selling well over 200k. Do not miss this great opportunity to make this breathtaking bungalow your own!!!!!!
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,050 sq ft home built in 1936 sits in Finney in Detroit.
Final sale price: $152,500 (about $74/sq ft).
Annual property taxes run approximately $3,017 ($251/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Fiber internet is available at this address with download speeds up to 5,000 Mbps across 9 providers. Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,050 sqft
Lot Size0.11 acres
Year Built1936
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
BasementPartial
Garage2 spaces
HeatingForced Air
InteriorBasement Partially Finished
Sale & Financing
Listed6/11/2024
Sold Date7/10/2024
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,378
Tax Year2025
State Equalized Value$47,000
Assessed Value$47,000
Homestead (PRE)100%
Parcel #21073756.
Source: Public Records
Legal Description
W BISHOP RD 254 GR PTE VIEW SUB NO 1 L50 P23 PLATS, W C R 21/735 40 X 123.52A
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Spencer Ray
Jim Saros Real Estate Services
Frequently Asked Questions about 5243 BISHOP Street, Detroit, MI 48224
What school district is 5243 BISHOP Street, Detroit, MI 48224 in?
Per MLS# 20240040942, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20240040942, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20240040942, the most recent reported annual property tax for 5243 BISHOP Street, Detroit, MI 48224 is $1,148. 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 5243 BISHOP Street, Detroit, MI 48224 eligible for USDA financing?
Per USDA Rural Development boundary data, 5243 BISHOP Street, 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5243 BISHOP 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.
Is fiber internet available at 5243 BISHOP Street, Detroit, MI 48224?
Per FCC broadband data, this property has access to fiber internet service. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
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$3,017
Monthly$251
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$1,386
Principal & interest$1,134
Property taxes$251
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 SatelliteDSLSatellite
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
5243 BISHOP Street, 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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