Sold
605 Lakewood Street, Detroit, MI 48215
Sold on 12/05/2025 for$89,900
MLS # 25058452 (Michigan Regional Information Center (MichRIC))
2 beds1 bath1,374 sqftBuilt 19220.12 acres
1 / 28
Listing Description
Attention investors and motivated first-time buyers! Opportunity knocks with this charming 2-bed, 1-bath bungalow bursting with potential. The spacious upper level is just waiting to be finished into a third bedroom, office, or creative flex space—instant equity! The fully fenced backyard is perfect for summer cookouts and gatherings, and the fenced side lot offers rare privacy, room to expand, or endless outdoor options. Situated close to popular restaurants, shopping, and neighborhood parks, this home puts convenience right at your doorstep. Don't miss your chance to transform this property into something truly special!An additional lot is included in the price-599 Lakewood St. Parcel#21054997.
Source: SparkMLS
About this home
Located in East Riverside in Detroit, this property offers 2-bedroom, 1-bath, 1,374 sq ft, with original construction dating to 1922.
Final sale price: $89,900 (about $65/sq ft).
Property tax estimate: $1,042 per year ($87/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,374 sqft
Lot Size0.12 acres
Year Built1922
Stories1
Location
CityDetroit
MunicipalityDetroit City
Zip Code48215
CountyWayne
School DistrictDetroit City School District
Construction & Systems
ConstructionBrick
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorPantry
Sale & Financing
Listed11/13/2025
Sold Date12/4/2025
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,042
Tax Year2024
Assessed Value$741
Parcel #2105499 & 27090365
Source: SparkMLS
Legal Description
W LAKEWOOD 40 LAKEWOOD BLVD ADDITION SUB L30 P6 PLATS, W C R 21/401 40 X 129.66A .NEZ HOMESTEAD CERT #NH2009-0365 RELATED PARCEL #27090365.
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 Alana Paap
Investor's Prop Mgmt Detroit
Frequently Asked Questions about 605 Lakewood Street, Detroit, MI 48215
Which school district serves 605 Lakewood Street, Detroit, MI 48215?
Per MLS# 25058452, 605 Lakewood Street, Detroit, MI 48215 is in the Detroit City School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit City School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 25058452, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 605 Lakewood Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $1,042 (2024). 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, 605 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.
Is 605 Lakewood Street, Detroit, MI 48215 in a flood zone?
Per FEMA flood maps, this property is designated as Zone AE, a high-risk flood area. 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.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 605 Lakewood Street, Detroit, MI 48215. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 605 Lakewood Street, Detroit, MI 48215?
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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Mortgage Calculator
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Monthly payment$583
Principal & interest$583
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
605 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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