NOT LISTED FOR SALE

5548 Three Mile Dr Detroit, MI 48224

Morningside Neighborhood

Estimated Value: $125,000 - $147,000

3 Beds
1.5 Baths
1,608 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: December 29, 2023

Last sale price $123,000 $76 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $917 / mo

60 Days on Market

Highlights

  • Colonial Architecture
  • Covered Patio or Porch
  • Forced Air Heating System
  • No HOA
  • 2 Car Detached Garage
  • Dogs and Cats Allowed

About This Home

As of December 2023

**There is no furnace or water heater in the house. Security cameras and house sitter are watching the property.**Move-in ready 3 BR / 1.5 BA colonial home in the Morningside Neighborhood of Detroit and on a block with many recently rehabbed homes. The house was just professionally renovated, cleaned and is ready for you to move in! Freshly painted, newer windows and refinished hardwood floors throughout. Lots of character touches with built in cabinet in dining room, newer light fixtures, coved ceilings and molding. Living room features a natural wood-burning fireplace. Updated kitchen with hookup available for a gas stove. Unfinished basement ready for finishing or for storage needs. Updated PEX plumbing system installed. Yard features a two and a half car detached garage and plenty of private outdoor space as the sale includes the 6ft privacy fenced in lot next door at 5540 Three Mile. Title is clear and seller is ready to convey a warranty deed at closing! Seller has two other properties on this block as well as others nearby and may be open to negotiating a package deal. Contact listing agent for more info. The home is located 3 blocks from East Warren Ave, currently undergoing $8.2M streetscape makeover and commercial corridor revitalization efforts. Easy access to I-94 + all of Metro Detroit. Note: Property taxes currently 100% non-homestead. Owner occupant is eligible for 50-100% homestead + NEZ for significant property tax savings!

Last Agent to Sell the Property

Ryan Lally

KW Grosse Pointe License #6501398300 Listed on: 09/29/2023

KW Grosse Pointe

Co-Listed By

Marianne Mouton

KW Grosse Pointe License #6501429295

Last Buyer's Agent

Greg Majewski

Detroit Investment Company License #6501415616

Home Details

Home Type

  • Single Family

Est. Annual Taxes

Year Built

  • Built in 1927 | Remodeled in 2023

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 39.00 x 120.00
  • Back Yard Fenced

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,608 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • Ground Level

Community Details

  • No Home Owners Association
  • Henry Russells Three Mile Drive Sub No 1 Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I071195S

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,759

Year Built

Built in 1927 | Remodeled in 2023

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1927
  • State Equalized Value: 26700.0000
  • Year Renovated: 2023
  • Entry Location: Ground Level w/Steps
  • Pets Allowed: Cats OK, Dogs OK, Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Furnished - No
  • Fireplace: Yes
  • Fireplace Locations: Living Room
  • Total Bedrooms: 3
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 1608

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Block
  • Porch Type: Porch - Covered, Patio, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk
  • Sideof Street: E
  • Fencing: Back Yard, Fenced

Garage/Parking

  • Garage Size: 2 Car
  • Garage Features: Detached
  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Condo/Co-op/Association

  • Association Fee: No

Lot Info

  • Lot Size Area: 0.11
  • Lot Dimensions: 39.00 x 120.00
  • Parcel Number: W21I071195S

Tax Info

  • Tax Amount Summer: 1602.4600
  • Tax Amount Winter: 157.4900
  • Total Tax: 1759.0000
  • Taxable Value: 16809.0000

MLS Schools

  • School District: Detroit

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Dec 29, 2023
Sold by
Bought by
Seller's Agent
Ryan Lally
KW Grosse Pointe
Buyer's Agent
Greg Majewski
Detroit Investment Company
List Price
$150,000
Sold Price
$123,000
Premium/Discount to List
-$27,000
-18%
Views
77
Current Estimated Value
$135,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,927
Avg. Annual Appreciation
4.11%
Original Mortgage
$119,310
Outstanding Balance
$116,932
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$18,995

Purchase Details

Listed on
May 17, 2018
Closed on
Sep 4, 2018
Sold by
Bought by
Seller's Agent
Sonny Mandouh
RE/MAX Leading Edge
Buyer's Agent
Sherri Saad
RE/MAX Leading Edge
List Price
$19,900
Sold Price
$21,000
Premium/Discount to List
$1,100
5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.41%

Purchase Details

Listed on
May 7, 2015
Closed on
Aug 6, 2015
Sold by
Bought by
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$6,000
Sold Price
$2,500
Premium/Discount to List
-$3,500
-58.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
97.81%

Purchase Details

Listed on
May 7, 2015
Closed on
Jul 24, 2015
Sold by
Bought by
Seller's Agent
Albert Hakim
City Real Estate Group LLC
Buyer's Agent
. Non Mls Member
NON MLS Member
List Price
$6,000
Sold Price
$2,500
Premium/Discount to List
-$3,500
-58.33%

Purchase Details

Closed on
Apr 1, 2015
Sold by
Bought by

Purchase Details

Closed on
Mar 5, 2015
Sold by
Bought by

Purchase Details

Closed on
Feb 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2012
Sold by
Bought by

Purchase Details

Closed on
Nov 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 19, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 8, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 2, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$123,000 None Listed On Document
$21,000 Estates Title Agency
$40,500 None Available
-- None Available
-- None Available
-- None Available
-- None Available
$2,110 None Available
$4,000 None Available
$105,000 None Available
$154,000 Metro Title Corp
$141,784 --
$151,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $119,310
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2023 12/29/23 Sold $123,000 -3.1% $76 / Sq Ft
11/28/2023 11/28/23 Pending -- -- --
11/06/2023 11/06/23 Price Changed $126,900 -10.0% $79 / Sq Ft
10/03/2023 10/03/23 Price Changed $141,000 -6.0% $88 / Sq Ft
09/29/2023 09/29/23 For Sale $150,000 +614.3% $93 / Sq Ft
09/04/2018 09/04/18 Sold $21,000 +5.5% $13 / Sq Ft View Prior Sale
05/21/2018 05/21/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $19,900 +696.0% $12 / Sq Ft
07/24/2015 07/24/15 Sold $2,500 -58.3% $2 / Sq Ft View Prior Sale
07/20/2015 07/20/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $6,000 -- $4 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,205 $53,000 $0 $0
2024 $2,241 $34,000 $0 $0
2023 $1,534 $26,700 $0 $0
2022 $1,639 $22,100 $0 $0
2021 $1,593 $17,800 $0 $0
2020 $1,593 $16,500 $0 $0
2019 $1,567 $15,000 $0 $0
2018 $898 $13,200 $0 $0
2017 $159 $12,200 $0 $0
2016 $978 $9,800 $0 $0
2015 $980 $9,800 $0 $0
2013 $2,519 $25,186 $0 $0
2010 -- $36,926 $1,238 $35,688
Source: Public Records

Agents Affiliated with this Home

  • Ryan Lally

    Seller's Agent in 2023

    Ryan Lally

    KW Grosse Pointe

    (313) 288-0434

    16 in this area

    171 Total Sales

    Ryan Lally
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Marianne Mouton

    KW Grosse Pointe

  • Greg Majewski

    Buyer's Agent in 2023

    Greg Majewski

    Detroit Investment Company

    (248) 564-1972

    2 in this area

    93 Total Sales

    Greg Majewski
    Section Image
  • Sonny Mandouh

    Seller's Agent in 2018

    Sonny Mandouh

    RE/MAX of Southeast Michigan

    (313) 445-1999

    31 Total Sales

    Sonny Mandouh
    Section Image
  • Sherri Saad

    Buyer's Agent in 2018

    Sherri Saad

    RE/MAX

    (313) 598-5322

    6 in this area

    575 Total Sales

    Sherri Saad
    Section Image
  • Albert Hakim

    Seller's Agent in 2015

    Albert Hakim

    City Real Estate Group LLC

    (586) 495-0010

    4 in this area

    95 Total Sales

    Albert Hakim
    Section Image
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Map

Source: Realcomp

MLS Number: 20221057437

Realcomp

APN: 21-071195

Michigan Wayne County Detroit 48224 Morningside

5548 Three Mile Dr, Detroit, MI

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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