For Sale
5534 BISHOP Street, Detroit, MI 48224
$219,900
MLS # 20261036136 (Realcomp)
3 beds2 baths1,600 sqftBuilt 19350.1 acres
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Listing Description
This beautifully updated home has had both new features added to it while having some of its original features restored. This beautiful Colonial offers a warm and inviting feeling. As soon as you walk in you are greeted with beautiful hardwood floors and the fully restored original fireplace with a modern touch added to the space. New features in the kitchen and bathrooms have been added as well including new cabinetry, sinks and back-splashes. Along with new toilets added into the bathrooms as well. This home is within walking distance to the East Village prep school. New stainless-steel fridge and stove will be installed prior to closing. There is a privacy fence being placed at the back fenceline of the property as well. Special financing perks available through the seller's preferred lender!! Take advantage of all of the possible down payment assistance programs and grants!
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 3-bedroom, 2-bath, 1,600 sq ft, with original construction dating to 1935.
Listed at $219,900 (about $137/sq ft).
Estimated annual property tax: $5,757, or about $480 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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,600 sqft
Lot Size0.1 acres
Year Built1935
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/18/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,313
Tax Year2025
State Equalized Value$89,700
Assessed Value$89,700
Homestead (PRE)100%
Parcel #21073587.
Source: Public Records
Legal Description
E BISHOP 50 POUPARDS WOODLAND SUB L64 P45 PLATS, W C R 21/995 39 X 115.51A NEZ HOMESTEAD CERT #NH2008-0933, RELATED PARCEL #27080933.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Bashar G Nijem
Realtyflo Inc
Frequently Asked Questions about 5534 BISHOP Street, Detroit, MI 48224
Which school district serves 5534 BISHOP Street, Detroit, MI 48224?
Per MLS# 20261036136, 5534 BISHOP Street, 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.
What type of financing is accepted for this listing?
Per MLS# 20261036136, 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 5534 BISHOP Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $1,811. 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, 5534 BISHOP Street, Detroit, MI 48224 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 5534 BISHOP Street, 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 utilities serve 5534 BISHOP Street, 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$5,757
Monthly$480
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$1,906
Principal & interest$1,426
Property taxes$480
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
5534 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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