5216 Avery Street
Detroit, MI 48208
Condominium · MLS # 20261089873 · Listing courtesy of Berkshire Hathaway HomeServices The Loft Warehouse
About this home
OPEN HOUSES HELD AT OUR MODEL UNIT AT 1636 MERRICK ST! ASK ABOUT OUR PREFERRED LENDER'S DOWN PAYMENT AND CLOSING COST GRANT! AVAILABLE FOR IMMEDIATE OCCUPANCY! The Terraces at Woodbridge is a new condominium development located at the corner of Avery and Merrick Streets in Detroit's highly sought-after Woodbridge neighborhood. This second-floor residence offers an open-concept layout, abundant natural light, a private attached garage, two tandem surface parking spaces, and your very own rooftop terrace—perfect for relaxing or entertaining. The spacious primary suite features an en-suite bathroom and walk-in closet, while the second bedroom sits adjacent to a full hall bathroom, offering flexibility for guests or a home office. A long, window-lined hallway brings natural light throughout the home, creating a bright and inviting atmosphere. Enjoy a walkable neighborhood just a block from Woodbridge Pub, Pie Sci Pizza, Lexington Bar, and Bash Izakaya, with Wayne State University, Midtown, BARDA, Puma, and Vesper Books & Coffee just a short walk away. ELIGIBLE FOR A 15-YEAR NEZ NEW CONSTRUCTION PROPERTY TAX ABATEMENT FOR QUALIFYING PRINCIPAL RESIDENTS!
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Detroit
Over the last 90 days, 1,214 homes sold in Detroit for a median of $99,950, about $71 per square foot, and the typical one went under contract in 29 days. This home is listed at $384,900, or $317 per square foot, 346% above the city median, and has been on the market 9 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Detroit sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $3,409 a year. A buyer who lives here would pay about $0 to $12,476 a year once the taxable value resets after the sale, at the 2025 homestead rate of 64.18 mills for Detroit City and Detroit schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Detroit
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