Property details
About 5040 Fernwood St
This is a land-based site. This vacant lot is sold with 5054,5060, 5066, and 5074 Fernwood. Totaling= 47,720 sqft. Not sold separately. Zoned R3. The DLBA is seeking proposals to support the activation and stewardship of vacant land sites, including urban agriculture, gardening, or beautification, whether for profit or community activation. Interested buyers should consult our proposal guidelines for land-based sites and DLBA Guide to Plot Plan, Site Design, and Maintenance. The DLBA also recommends reviewing relevant Neighborhood Framework Plans from the City of Detroit’s Planning and Development Department for additional context about the neighborhood. BATVAI. All offers must be supported by Proof of Funds (funds should meet or exceed development costs). Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 3
- Attached Garage: No
- List Price: $35,000
- Directions: Take Livernois headed south, pass Joy Rd. Make left onto Tireman. Then make a left onto Ironwood. This will turn into Fernwood.
- MLS Number: 20240040769
- MLS Name: Realcomp II Ltd
- Office Name: RCH Brokerage Legacy Inc
- Office Phone: (248) 440-2268
- Listing Agent: Leonard A Pickett III, Clarence R Wilson
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Last updated on: 7/21/2025, 7:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
2
Barton Elementary School
Public District KG-5
1.4 mi
•8530 Joy Rd
5
McDonald Elementary School
Public District PK-5
1.9 mi
•10151 Diversey St
1
Cesar Chavez Academy Intermediate School
Public Charter 3-5
2.2 mi
•4100 Martin St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $27,857. The most common annual income of people living in Detroit, MI is less than $<35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Frequently asked questions
About 5040 Fernwood St
The listing price of 5040 Fernwood St property is $35,000.
The property 5040 Fernwood St is land located in Detroit, Michigan, 48204.
Active Listing: 5040 Fernwood St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5040 Fernwood St are: Barton Elementary School (GreatSchools Rating 2/10), McDonald Elementary School (GreatSchools Rating 5/10), Cesar Chavez Academy Intermediate School (GreatSchools Rating 1/10), Sampson-Webber Leadership Academy (GreatSchools Rating 1/10), Hope Academy (GreatSchools Rating 2/10), Thirkell Elementary-Middle School (GreatSchools Rating 1/10), Northwestern High School (GreatSchools Rating 3/10), Central Academy and High School (GreatSchools Rating 1/10), West Side Academy of Information Technology and Cyber Securi (GreatSchools Rating 1/10).
This home is located at 5040 Fernwood St in Detroit, MI and zip code 48204 in the Tireman neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $35,000.
In June 2025, from all listings sold in Detroit, MI there were more than 79 sold above asking price, over 144 sold below and more than 74 were sold right at the asked price. In June 2025 in Detroit, MI there were 16.7% more homes for sale than in May. While the average time on the market in June 2025 was 45 days, the median list price was $92,746.