For Sale
725 Lakewood Street, Detroit, MI 48215
$200,000
MLS # 20261025878 (Realcomp)
3 beds2 baths1,796 sqftBuilt 19220.12 acres
1 / 40
Listing Description
Welcome to this beautifully remodeled brick Craftsman bungalow, thoughtfully updated in 2025 and filled with stunning details throughout. A charming covered porch spans the front of the home—perfect for morning coffee or unwinding in the evening—while inside, you’ll find the perfect blend of classic character and modern finishes. Luxury vinyl flooring flows seamlessly through the main living areas, and a cozy fireplace with built-in shelving creates a warm and inviting focal point in the living room—plus so much natural light, you might just need your sunglasses! Designed for both comfort and convenience, this home features three spacious bedrooms—each with its own walk-in closet—along with a stylish full bath showcasing a dual vanity. Brand new carpeting in the bedrooms adds a soft, comfortable touch, and main floor laundry enhances everyday ease. Every update has been carefully selected to balance functionality with elevated design. Step outside to a small back deck overlooking a huge backyard—ideal for entertaining, relaxing, or simply enjoying the outdoors. The fully fenced yard offers privacy and flexibility, while the unfinished basement provides endless potential for future living space, a home gym, or additional storage. As an added perk, enjoy easy access to Alfred Brush Ford Park, a scenic riverfront destination featuring expansive green space, waterfront gathering areas, walking paths, and recreational amenities perfect for relaxing or staying active outdoors. This move-in ready bungalow combines timeless charm with modern updates in all the right places.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 1,796 sq ft home built in 1922 sits in East Riverside in Detroit.
Listed at $200,000 (about $111/sq ft).
Estimated annual property tax: $1,046, or about $87 monthly. 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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,796 sqft
Lot Size0.12 acres
Year Built1922
Stories2
Location
CityDetroit
Zip Code48215
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick, Vinyl Siding
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/15/2026
Original Price$250,000
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$922
Tax Year2025
State Equalized Value$16,300
Assessed Value$16,300
Parcel #21054983.
Source: Public Records
Legal Description
W LAKEWOOD 24 LAKEWOOD BLVD ADDITION SUB L30 P6 PLATS, W C R 21/401 40 X 129.69A
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 Danny Dedic
EXP Realty Main
Frequently Asked Questions about 725 Lakewood Street, Detroit, MI 48215
Which school district serves 725 Lakewood Street, Detroit, MI 48215?
Per MLS# 20261025878, 725 Lakewood Street, Detroit, MI 48215 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.
What type of financing is accepted for this listing?
Per MLS# 20261025878, 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 725 Lakewood Street, Detroit, MI 48215?
Per public tax records, annual property taxes for this property are $961. 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, 725 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 725 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 utilities serve 725 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.
Map
Tax Estimate
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Annual tax$1,046
Monthly$87
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$1,384
Principal & interest$1,297
Property taxes$87
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
725 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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