Sold
5555 FARMBROOK Street, Detroit, MI 48224
Sold on 05/15/2024 for$57,000
MLS # 20240019779 (Realcomp)
3 beds1 bath837 sqftBuilt 19410.1 acres
1 / 23
Listing Description
Check out this quaint bungalow in the Cornerstone Village neighborhood of Detroit. This home is in a strong community of Detroit with the amenities of Grosse Pointe just minutes away including major grocery stores, shops, and restaurants just around the corner. Also, Balduck Park is a short walk away. This home would make a great starter home or an excellent investment property. Perspective tenants have literally left notes in the door asking to lease this home! Schedule your tour before it's gone.
Source: SparkMLS
About this home
This 3-bedroom, 1-bath, 837 sq ft home built in 1941 sits in Finney in Detroit.
Closed at $57,000 (about $68/sq ft).
Annual property taxes run approximately $2,606 ($217/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 8 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
Bathrooms1
Living Area837 sqft
Lot Size0.1 acres
Year Built1941
Stories1
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed3/28/2024
Sold Date5/14/2024
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,824
Tax Year2025
State Equalized Value$40,600
Assessed Value$40,600
Parcel #21078156.
Source: Public Records
Legal Description
W FARMBROOK 56 RIVARD VILLAS SUB L60 P1 PLATS, W C R 21/945 40 X 103.44 NEZH CERT # 2007-0994, RELATED # 27070994
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Lionez Kimber
Berkshire Hathaway HomeServices The Loft Warehouse
Frequently Asked Questions about 5555 FARMBROOK Street, Detroit, MI 48224
What school district is 5555 FARMBROOK Street, Detroit, MI 48224 in?
Per MLS# 20240019779, this property is served by Detroit. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 5555 FARMBROOK Street, Detroit, MI 48224?
Per MLS# 20240019779, 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# 20240019779, the most recent reported annual property tax for 5555 FARMBROOK Street, Detroit, MI 48224 is $1,742. 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 5555 FARMBROOK Street, Detroit, MI 48224 eligible for USDA financing?
Per USDA Rural Development boundary data, 5555 FARMBROOK 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, 5555 FARMBROOK 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 5555 FARMBROOK 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. 8 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. Sewer: Public. Water: Public. 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$2,606
Monthly$217
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$639
Principal & interest$422
Property taxes$217
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
5555 FARMBROOK 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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