Pending
5957 OLDTOWN Street, Detroit, MI 48224
$32,000
MLS # 20221043254 (Realcomp)
4 beds2 baths2,238 sqftBuilt 19300.1 acres
1 / 12
Listing Description
4 Home Bundle Sale in the Cornerstone Village Neighborhood. 5957 Oldtown, 4700 Neff, 4880 Lodewyck and 5103 Neff included in this sale for the Total Price of $32,000 For All Four Homes. Excellent income property opportunity. Newer roof and many immediate upgrades to surrounding area. All offers must be supported by Proof of Funds for both the Purchase Price, as well as the construction costs. No Land Contracts. Buyer to have the property inspected as their is no property inspection report on file. The sale of said property is open to homeowners, investors and developers. All proposals must answer all of the questions in the attached document title DLBA proposal requirements for bundled single family homes. Seller Addendum's to be provided upon acceptance of qualifying offer. This sale is contingent upon Buyer & Seller execution of a Development Agreement. Buyer to verify all room sizes. Contact broker with additional questions. See Additional Attachments for Offer Requirements. BTVAI & Sizes.
Source: SparkMLS
About this home
Located in Finney in Detroit, this property offers 4-bedroom, 2-bath, 2,238 sq ft, with original construction dating to 1930.
Asking $32,000 (about $14/sq ft).
Annual property taxes run approximately $340 ($28/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms2
Living Area2,238 sqft
Lot Size0.1 acres
Year Built1930
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingHot Water
Sale & Financing
Listed9/21/2022
Original Price$20,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$0
Tax Year2025
Assessed Value$0
Parcel #21075477.
Source: Public Records
Legal Description
W OLDTOWN 24 AND E 10 FT OF VAC ALLEY ADJ CADIEUX GARDENS SUB L60 P100 PLATS, W C R 21/955 40 X 110
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James Bufalino
Premier Property Services LLC
Frequently Asked Questions about 5957 OLDTOWN Street, Detroit, MI 48224
What school district is 5957 OLDTOWN Street, Detroit, MI 48224 in?
Per MLS# 20221043254, 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# 20221043254, the seller has indicated this property accepts the following financing types: Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20221043254, the most recent reported annual property tax for 5957 OLDTOWN Street, Detroit, MI 48224 is $340. 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 5957 OLDTOWN Street, Detroit, MI 48224 eligible for USDA financing?
Per USDA Rural Development boundary data, 5957 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.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5957 OLDTOWN 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.
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
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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$208
Principal & interest$208
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
5957 OLDTOWN 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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