Backup offers
#20250023195, Bailee Clanton, Listing office: Home Source Realty LLC
$76,500 List price
5050 Somerset Ave Detroit, MI 48224
3 beds
1 full
1,356 sqft
0.1 acres
$56 / sqft
House
Property details
About 5050 Somerset Ave
Solid brick colonial on nice block in NE Detroit. Newer kitchen. Currently leased. Good investment income or minor reno for retail mkt. Needs a little work but would be well worth the effort. Do Not approach the tenants! No showings until accepted offer.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
Size1,356 sqft
Lot size0.11 Acres
Year built1928
ParkingTwo Car Garage, Detached
MLS #20251004812
Summary
- Full Bathrooms: 1
- Basement: No
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Two Car Garage, Detached
- Architectural Style: Colonial
- Heating: Forced Air, Natural Gas
- List Price: $76,500
- Price/SqFt: $56
- Annual Tax Amount: $1,682
- Tax Year: 2024
- Directions: West bound Warren to Somerset. North to property
- Year Built: 1928
- Living Area: 1,356 SqFt
- Lot Size: 0.11 Acres
- MLS Number: 20251004812
- MLS Name: Realcomp II Ltd
- Office Name: Jim Saros Real Estate Services
- Office Phone: (313) 886-9030
- Listing Agent: John C Costa
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/30/2025, 3:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 16, 2004 | Home Sold | $150,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $37,500 | $1,682 |
| 2023 | $29,400 | $1,682 |
| 2022 | $23,700 | $2,446 |
| 2021 | $19,000 | $2,446 |
| 2020 | $17,600 | $- |
| 2017 | $13,100 | $1,389 |
History based on county public records data.
Nearby schools
1
Marvin L Winans Academy Elementary School
Public Charter KG-5
0.9 mi
•9740 McKinney St
1
Wayne Elementary School
Public District PK-5
1.1 mi
•10633 Courville St
6
George Defer Elementary School
Public District KG-5
1.3 mi
•15425 Kercheval Ave
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 $22,021. Residents of Detroit, MI typically earn less than $<35k each year. Residents typically live in single, with kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
71%
<35k
20%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
42%
Single, with Kids
8%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
14%
12-17 yrs old
23%
18-34 yrs old
31%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Where do the neighbors shop?
Foot Locker
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Little Caesars
White Castle
Jack In The Box
What do the neighbors drive?
Dodge
Kia
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5050 Somerset Ave
The listing price of 5050 Somerset Ave property is $76,500.
The property 5050 Somerset Ave is a house located in Detroit, Michigan, 48224.
Active Listing: 5050 Somerset Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5050 Somerset Ave are: Marvin L Winans Academy Elementary School (GreatSchools Rating 1/10), Wayne Elementary School (GreatSchools Rating 1/10), George Defer Elementary School (GreatSchools Rating 6/10), Ronald Brown Academy (GreatSchools Rating 1/10), J E Clark Preparatory Academy (GreatSchools Rating 1/10), Marvin L Winans Academy Middle School (GreatSchools Rating 3/10), East English Village Preparatory Academy at Finney (GreatSchools Rating 1/10), Capstone Academy Charter Schoolmayfield (GreatSchools Rating 1/10), Denby High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $1,682 (source: MLS/based on county public records data).
The last sale was on April 16, 2004 for $150,000 (source: MLS/tax record).
The property at 5050 Somerset Ave has 3 bedrooms and 1 bathroom.
The property 5050 Somerset Ave is 1,356 SqFt (source: MLS/tax record).
The year of construction for 5050 Somerset Ave is 1928.
This home is located at 5050 Somerset Ave in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,356 square foot home, which was built in 1928, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 3, 2025 and is currently priced at $76,500.
While more than 79 listings in Detroit, MI in June 2025 were sold above asking price, there were more than 74 listings sold at asking price, and more than 144 were sold below. Between May and June 2025, Detroit, MI real estate market has seen increase in the number of listings by 16.7%. The median list price of listings available in June 2025 was $92,746, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.