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$499,900

Beds
5
Baths
3.0
sq ft
3,200

4505 Commonwealth St, Detroit, MI 48208

4505 Commonwealth St

Detroit, MI 48208

  • 48 days on market
    • Price drop $50,000↓
Remarkably renovated early 1900s built Victorian on tree-lined Commonwealth Street located in the desirable Woodbridge neighborhood. Beautifully covered front porch overlooks the oversized fenced in yard & offers views into the character filled home that was updated over the last 2 years. Lovely front foyer w/ original cream & emerald mosaic tile flooring, decorative leaded glass windows opening into the 117 year old main staircase w/ wood paneling details & intricate spindles. The entry level is the perfect balance of open concept + dedicated rooms for living, dining, home office or library & kitchen. The main living area's fireplace is the focal point tiled in a rich peacock blue. Craftsman columned posts separate the living room from the dining area but allow the spaces to flow together perfectly for when hosting & entertaining. Restored pocket doors w/ freshly polished hardware can close off the first floor library for a private home office. The completely renovated kitchen was designed with today's buyer in mind - stainless steel appliances, center island for an eat-in kitchen option, exposed brick and mortar, soft tan cabinetry with matte silver hardware & tons of natural light! Combination of new and original windows throughout, refinished hardwood flooring in a warm honey color. The trim & interior doors are cohesively painted in a deep green/blue shade that will stand the test of time. 5 bedrooms on the second level & a fully finished 3rd floor. The primary bedroom features an ornate fireplace for cozy winter nights in. All 3 full bathrooms have been renovated with timeless selections for shower tiling, vanities and lighting fixtures. New plumbing throughout the home, updated electrical, new roof, freshly painted exterior + tuckpointing brick work, newly poured fenced in concrete driveway to comfortably fit up to 2 or 3 vehicles. Walking distance to neighborhood staples such as The Roost - cafe & micro grocery, Bash Izakaya for sushi, Studio Vera for hair & skin services, Peace & Pilates for a workout!

Details

Property type

Single Family Residence

Est. home value

$359,679

Lot size

5,227 sq ft

Price per sq ft

$157

Year built

1907

Annual property taxes

$1,515

Price History

11/25/2024
Realcomp

Realcomp #20240083002

Price change
$499,900
-9.09%
11/03/2024
Realcomp

Realcomp #20240083002

Listed
$549,900
+168.24%
06/12/2023
Realcomp

Realcomp #20221044784

Sold
$205,000

Schools & Community

Neighborhood: 

Woodbridge

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Grand Properties Llc

Loan start date

June 2023

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Not Provided

Seller

Zaylam Investments Llc and Ali Khocheiche

Lender

Grand Properties Llc

Loan start date

June 2023

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.39%

Loan type

Not Provided

Seller

Zaylam Investments Llc and Ali Khocheiche

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 2:25 PM

Listing updated: 11/25/2024 at 5:40 PM

Listed by: Lindsay L Gorman, Nika & Co Phone #: (313) 858-6580

MLS: Realcomp #20240083002

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