Investment property priced to sell. Set up like duplex with two meters available, but regestered with the county as single family. What that means is that after renovations the property can be financed with a bank, whether to resale as a flip with new buyers or refinance the home and still profit from separate metered rental units with tenants paying the utilities. Also owner can live in one and rent out the other.
Each unit has 2 bedrooms, 1 bath and kitchen. The property needs renovations. The bones are solid, only cosmetics are needed.
Home comes with a Warrantee Deed and all property taxes and water are paid and current.
Don't miss out on this deal!
Sold for $46,000
$46,000
5545 Ridgewood St, Detroit, MI 48204
4beds
1,688sqft
Single Family Residence
Built in 1923
6,534 Square Feet Lot
$118,300 Zestimate®
$27/sqft
$1,783 Estimated rent
Home value
$118,300
$86,000 - $153,000
$1,783/mo
Zestimate® history
Owner options
List your home for rent
$1,783/mo
Rent Zestimate®
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$1,783/mo
Rent Zestimate®
Refinance and save
$265/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$265/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Vincent Rush 734-680-5763,
EXP Z Real Estate
Bought with:
Stephanie Lewis, 6502433241
MI Property Xperts LLC
Source: Realcomp II,MLS#: 20240037833
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Hot Water, Natural Gas
Features
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,688 sqft
- Finished area above ground: 1,688
Property
Parking
- Total spaces: 1
- Parking features: One Car Garage, Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevel
- Pool features: None
Lot
- Size: 6,534 Square Feet
- Dimensions: 53.00 x 120.00
Details
- Parcel number: W16I004292S
- Special conditions: Short Sale No,Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Basement, Block
Condition
- New construction: No
- Year built: 1923
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: DAILEY PARK SUB (PLATS)
HOA
- Has HOA: No
Location
- Region: Detroit
Financial & listing details
- Price per square foot: $27/sqft
- Tax assessed value: $10,303
- Annual tax amount: $1,130
- Date on market: 5/31/2024
- Cumulative days on market: 125 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 10/18/2024 | Sold | $46,000-11.4%$27/sqft |
Source:  Realcomp II #20240037833 Report a problem | ||
| 10/8/2024 | Pending sale | $51,900$31/sqft |
Source: Realcomp II #20240037833 Report a problem | ||
| 7/14/2024 | Listed for sale | $51,900$31/sqft |
Source: Realcomp II #20240037833 Report a problem | ||
| 7/10/2024 | Pending sale | $51,900$31/sqft |
Source: Realcomp II #20240037833 Report a problem | ||
| 6/1/2024 | Listed for sale | $51,900+698.5%$31/sqft |
Source: Realcomp II #20240037833 Report a problem | ||
| 6/16/2017 | Sold | $6,500-43.5%$4/sqft |
Source: Agent Provided Report a problem | ||
| 3/2/2017 | Price change | $11,500-23.3%$7/sqft |
Source: Supreme Properties #217007369 Report a problem | ||
| 1/31/2017 | Listed for sale | $15,000-64.2%$9/sqft |
Source: Supreme Properties #217007369 Report a problem | ||
| 11/14/2005 | Sold | $41,893$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $17,200 +22.9% |
| 2024 | -- | $14,000 +18.6% |
| 2023 | -- | $11,800 +24.2% |
| 2022 | -- | $9,500 +4.4% |
| 2021 | -- | $9,100 |
| 2020 | $566 -47.6% | $9,100 -6.2% |
| 2019 | $1,079 | $9,700 |
| 2018 | $1,079 | $9,700 -2% |
| 2017 | -- | $9,900 -58.9% |
| 2016 | $1,109 | $24,100 +111.4% |
| 2015 | $1,109 -5.7% | $11,400 -28.1% |
| 2013 | $1,176 +6.1% | $15,860 -30.2% |
| 2010 | $1,109 | $22,724 -12% |
| 2009 | -- | $25,823 -10.5% |
| 2008 | -- | $28,852 |
| 2007 | -- | $28,852 +5.5% |
| 2005 | $118 | $27,348 +3% |
| 2004 | -- | $26,551 +201.8% |
| 2001 | $733 +10.1% | $8,798 +3.2% |
| 2000 | $665 | $8,525 |
Find assessor info on the county website
Neighborhood: Midwest
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Nearby schools
GreatSchools rating
- 4/10Sampsonwebber Leadership AcademyGrades: PK-8Distance: 1.1 mi
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Estimated market value
$118,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$118,300
- Michigan
- Wayne County
- Detroit
- 48204
- Midwest
- 5545 Ridgewood St
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