Sold
561 Lakewood Street, Detroit, MI 48215
Sold on 01/09/2026 for$305,000
MLS # 20251022003 (Realcomp)
5 beds4 baths2,230 sqftBuilt 19230.13 acres
1 / 47
Listing Description
New reduced price and move-in Ready Colonial in Jefferson Chalmers. Welcome to this stunning, fully renovated five-bedroom, three and a half-bath brick Colonial in vibrant Jefferson Chalmers—ideally situated between downtown Detroit and Grosse Pointe. This turnkey home blends timeless architecture with modern upgrades, offering the perfect move-in-ready opportunity for today’s urban buyer. Step into a bright living room with a classic natural fireplace and beautifully restored hardwood floors that flow seamlessly into the dining room. The spacious, reimagined kitchen is a showstopper—featuring brand-new cabinetry, stretches of granite countertops, and sleek ceramic tile floors. A stylish powder room and convenient side entry make daily living a breeze. Just off the kitchen, a bright first-floor bedroom with its own ensuite full bath adds flexibility for guests, work-from-home, or single-level living. Upstairs, find four comfortable bedrooms, including a private primary suite with a full bath. The generous, unfinished basement offers plenty of storage and potential for future finishing. Behind the walls, all the work is done—with new electrical, plumbing, and central air on the second floor. NEZ-Homestead eligible for potential property tax savings, this home offers both value and lifestyle in one of Detroit’s most exciting, historic neighborhoods. Move in, settle down, and enjoy your urban oasis—schedule your private tour today.
Source: SparkMLS
About this home
Located in East Riverside in Detroit, this property offers 5-bedroom, 4-bath, 2,230 sq ft, with original construction dating to 1923.
This home sold for $305,000 (about $137/sq ft).
Property tax estimate: $3,851 per year ($321/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
Bedrooms5
Bathrooms4
Living Area2,230 sqft
Lot Size0.13 acres
Year Built1923
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage1 space
HeatingForced Air, Steam
WaterPublic
SewerPublic
Sale & Financing
Listed8/3/2025
Sold Date1/8/2026
Original Price$329,900
Terms AcceptedCash, Conventional, FHA
Source: SparkMLS
Tax Information
Annual Tax$1,295
Tax Year2025
State Equalized Value$60,000
Assessed Value$60,000
Homestead (PRE)100%
Parcel #21055002.
Source: Public Records
Legal Description
W LAKEWOOD S 2 FT 45 46 LAKEWOOD BLVD ADDITION SUB L30 P6 PLATS, W C R 21/401 42 X 129.64A
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Michael Coffindaffer
Max Broock, REALTORS®-Detroit
Frequently Asked Questions about 561 Lakewood Street, Detroit, MI 48215
What school district is 561 Lakewood Street, Detroit, MI 48215 in?
Per MLS# 20251022003, 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 561 Lakewood Street, Detroit, MI 48215?
Per MLS# 20251022003, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251022003, the most recent reported annual property tax for 561 Lakewood Street, Detroit, MI 48215 is $2,228. 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 561 Lakewood Street, Detroit, MI 48215 eligible for USDA financing?
Per USDA Rural Development boundary data, 561 Lakewood Street, Detroit, MI 48215 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, 561 Lakewood Street, Detroit, MI 48215 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 561 Lakewood Street, Detroit, MI 48215?
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$3,851
Monthly$321
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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Monthly payment$2,364
Principal & interest$2,043
Property taxes$321
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 SatelliteSatelliteDSL
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
561 Lakewood Street, Detroit, MI 48215
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Neighborhood
East Riverside
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Community
Detroit
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County
Wayne County
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