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Detroit home comparisons: What can $550K buy right now?

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Earlier today, we were a bit bewildered by a Woodbridge income property that needed to be restored. It listed for $525,000, which is crazy expensive for what its condition. For this week’s comparisons, we’re taking a look at finished properties around the city that you can own for a similar price. We’re broadening our scope to fit some homes within $25,000 of this week’s price: $550,000.


3290 Sherbourne Road

This six-bedroom Sherwood Forest castle-like home was recently flipped and has refinished hardwood floors, fresh paint, a new kitchen, and some remaining details in the windows and fireplace. It’s 5,300 square feet and located near Livernois and 7 Mile. The house is right on budget at $549,999.


41 Winder Street

Perhaps you’re looking to be closer to all the action downtown? This two bedroom, three bath townhouse is located right across from the Little Caesars Arena, close to the QLINE, Eastern Market, Midtown, and downtown. The three-story townhouse has an open living space for the kitchen and living room, plus a two-car garage. It’s now listed for $527,000.


2405 Burns

This Indian Village mansion has been on the market for a couple months now. It has six bedrooms, beautiful detailing and built-ins, an odd kitchen, and a big backyard. It originally listed for $600,000, but it’s now marked down to $560,000.


525 West Lafayette, Unit 18B

More condos are becoming available at the Fort Shelby, including this three bedroom, two bath option on the 18th floor. The condo has new finishes and an open layout. It’s located on the west side of downtown with views of the Ambassador Bridge and the city skyline. It’s listed for $555,000.

Poll

Which $550K home would you choose?

This poll is closed

  • 39%
    Sherwood Forest Tudor
    (267 votes)
  • 5%
    Brush Park townhouse
    (34 votes)
  • 43%
    Indian Village mansion
    (291 votes)
  • 11%
    Fort Shelby downtown condo
    (79 votes)
671 votes total Vote Now