Sold
5534 OLDTOWN Street, Detroit, MI 48224
Sold on 10/31/2025 for$145,000
MLS # 20251023112 (Realcomp)
3 beds2 baths1,941 sqftBuilt 19390.09 acres
1 / 17
Listing Description
Welcome home to charming 3 bedroom and 2-bathroom brick bungalow located in a desirable Detroit neighborhood. This well-maintained home offers classic charm with modern updates, making it perfect for a first-time home buyer, families or investors. The home also features a beautiful hard wood floors through out, updated kitchen and a deck with a fenced in back yard. HOME IS BACK ON THE MARKET DUE TO BUYER FINANCING FALLING THROUGH.
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 3-bedroom, 2-bath, 1,941 sq ft, with original construction dating to 1939.
Final sale price: $145,000 (about $75/sq ft).
Property tax estimate: $3,055 per year ($255/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 9 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,941 sqft
Lot Size0.09 acres
Year Built1939
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air
WaterPublic
InteriorBasement Finished
Sale & Financing
Listed7/31/2025
Sold Date10/30/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$1,747
Tax Year2025
State Equalized Value$47,600
Assessed Value$47,600
Parcel #21075402.
Source: Public Records
Legal Description
E OLDTOWN 26 PAYE PARK SUB L61 P15 PLATS, W C R 21/962 39 X 105 NEZ HOMESTEAD CERT #NH2008-0672 RELATED PARCEL #27080672.
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by LaCretia Baldwin
EXP Realty Main
Frequently Asked Questions about 5534 OLDTOWN Street, Detroit, MI 48224
Which school district serves 5534 OLDTOWN Street, Detroit, MI 48224?
Per MLS# 20251023112, 5534 OLDTOWN 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.
Can I use FHA or VA financing for this property?
Per MLS# 20251023112, 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 OLDTOWN Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $1,723. 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 OLDTOWN 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.
Is 5534 OLDTOWN 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 5534 OLDTOWN Street, Detroit, MI 48224. The maximum advertised download speed is 5.0 Gbps. 9 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 5534 OLDTOWN Street, Detroit, MI 48224?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. 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$3,055
Monthly$255
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
$
%
$
$
$
Monthly payment$1,159
Principal & interest$905
Property taxes$255
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
5534 OLDTOWN Street, Detroit, MI 48224
View full property history →
Neighborhood
Finney
View all listings →
Community
Detroit
Explore neighborhoods →
County
Wayne County
View county overview →
Get email alerts for new listings near 5534 OLDTOWN Street
We'll notify you when something hits the market in Finney or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.