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Image 1 - 5251 Farmbrook St, Detroit, Michigan, 48224 - House for sale

Image 2 - 5251 Farmbrook St, Detroit, Michigan, 48224 - House for sale

Image 3 - 5251 Farmbrook St, Detroit, Michigan, 48224 - House for sale

Image 4 - 5251 Farmbrook St, Detroit, Michigan, 48224 - House for sale

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Image 8 - 5251 Farmbrook St, Detroit, Michigan, 48224 - House for sale

Farmbrook St, Detroit, Home For Sale

5251 Farmbrook St, Detroit, Michigan, 48224

Farmbrook St, Detroit, Home For Sale

house for sale

3 views

Listed: 08/09/24

5251 Farmbrook St, Detroit, Michigan, 48224

3 Bed:

1 Bath:

1,005 Sq Ft Living Area:

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Price

$ 79,900

Price: Lower

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About This House

This charming home is an excellent opportunity for first-time home buyers or investors. With the potential to rent out for $1400 a month through the Section 8 program, this property promises a steady and reliable income stream. Well-maintained and located in a desirable neighborhood with convenient access to schools, shopping, and public transportation, it offers both comfort and practicality. Whether you're looking to start your homeownership journey or expand your investment portfolio, this home is a fantastic choice. Dont miss out on this versatile and valuable property! Call for a showing! Furnace and hot water tank will be installed after an accepted offer. (Property has an alarm.)

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Cornerstone Village Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$123,344 (+2.1%)
Jul 2024	$120,865 (-1.3%)
Jun 2024	$122,412 (+5.8%)
May 2024	$115,743 (+8.9%)
Apr 2024	$106,291 (-18.1%)
Mar 2024	$129,772 (0%)

In August 2024, the asking price for 3 bed houses for sale in/near Cornerstone Village, Detroit, United States averaged $123,344, an increase of 2.1% from the previous month.

Median price trends for properties for sale in Cornerstone Village, Detroit, United States as of August 2024.

Household Income

Median household income: $31,283

Number of households: 266,333

The average household income in Detroit, MI grew from $30,344 to $31,283 in the past year. This data is an estimate based upon 266,333 households in Detroit, MI.
The chart below presents how household income is distributed in Detroit, MI in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Detroit, MI compared to median property taxes around the country. The prevalent amount of property taxes in Detroit, MI equals $800-$1,500 , which is less than the national average.

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