#20251005821, David Dawood, Listing office: Detroit Progress Realty LLC
5050 Somerset Ave Detroit, MI 48224
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
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: $84,900
- Price/SqFt: $62
- 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
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Last updated on: 7/4/2025, 2:50:33 PM 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. Typical income of Detroit, MI residents is less than $<35k annually. Typical family type is single, with kids. Typical level of education for residents in this area is high school diploma.
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Frequently asked questions
About 5050 Somerset Ave
The listing price of 5050 Somerset Ave property is $84,900.
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 $84,900.
In June 2025 more than 79 listings in Detroit, MI were sold above the asking price. During the same period more than 74 listings were sold at asking price, while more than 144 were sold below. 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.