Great investment opportunity in Fox Creek? Located a few blocks off Mack Avenue, minutes away from Gross Pointe. This HUGE 3 bed, 1 bath home is ready for it’s next owner with construction experience. This property would be for an investor looking for a value-add opportunity to flip or rent out, or for an owner-occupant looking to make it their own. On the back yard is an additional house with 2beds, 1bath which could be great for Airbnb, owner’s private retreat, or for you to host family gatherings. Two-car detached garage.For investors interested in flipping: after repair value (ARV) of $200K+! Great location near Grosse Pointe, Belle Isle, I-94, hospital, restaurants, & shopping. So much potential for a visionary to turn this diamond in the rough into a cash cow or your new primary residence.This property is being sold AS-IS. Schedule your private showing today!
Property Details
Property Features
Property Information:
Architectural Style: Cape Cod
Year Built: 1926
Stories: 2
Living Area: 1,824 SqFt
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Nazareth Sanchez
Interior Features
Interior Information:
Basement: Yes
Interior: Cable Available
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 1 space
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Other
Directions Information:
Directions: CHANDLER PARK AREA, BETWEEN N MACK AVE AND E WARREN
Price Information
Listing Price Info
Price Summary:
List Price: $39,000
Price Per SqFt: $21/SqFt
Tax Information:
Annual Amount: $409
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Detroit, MI.
This property is $46K less than the Median Sold Price and $53/SqFt less than other homes in Detroit, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Realcomp II Ltd
MLS Number: #20240074764
Listing Office:
Office Name: RE/MAX Leading Edge
Office Phone: (313) 277-7777
Listing Agent: Nazareth Sanchez
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$262
Per Month
Principal & Interest
$195
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$183
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
George Defer Elementary School
15425 Kercheval Ave
Distance between this listing and this school1.63 miles
Public District Grades KG-5
1
/10
Marvin L. Winans Academy of Performing Arts Elementary School
9740 Mckinney St
Distance between this listing and this school1.88 miles
Public Charter Grades KG-5
1
/10
Tyrone Elementary School
19525 Tyrone St
Distance between this listing and this school3.57 miles
Public Magnet Grades 4-6
Nearby Schools
3
/10
Timbuktu Academy of Science and Technology
10800 E Canfield St
Distance between this listing and this school1.17 miles
Public Charter Grades KG-8
5
/10
Detroit Enterprise Academy
11224 Kercheval St
Distance between this listing and this school1.56 miles
Public Charter Grades KG-8
9
/10
Pierce Middle School
15430 Kercheval Ave
Distance between this listing and this school1.69 miles
Public District Grades 6-8
Nearby Schools
2
/10
Southeastern High School
3030 Fairview St
Distance between this listing and this school1.23 miles
Public Magnet Grades 9-12
2
/10
Denby High School
12800 Kelly Rd
Distance between this listing and this school2.53 miles
Public District Grades 9-12
1
/10
Covenant House Academy Detroit - East Site
7600 Goethe St
Distance between this listing and this school2.79 miles
The neighbors living near this home have an average income of $12,432. The most common annual income of people living in Detroit, MI is less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4827 Gray St
What is the listing price of this property?
The listing price of 4827 Gray St property is $39,000.
What type of property is this?
The property 4827 Gray St is a house located in Detroit, Michigan, 48215.
Is this property for sale now?
Active Listing: 4827 Gray St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $409 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 4827 Gray St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 4827 Gray St is 1,824 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 4827 Gray St is 1926.
This home is located at 4827 Gray St in Detroit, MI and zip code 48215 in the Chandler Park neighborhood. This 1,824 square foot home, which was built in 1926, sits on a 0.11 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $39,000.
Over 125 listings were sold over their listed price in October 2024 in Detroit, MI. In the same period over 257 listings were sold below the listed price and 93 listings were sold for the listed price. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. The median list price of listings available in October 2024 was $85,000, while the average time on the real estate market was 45 days.
From Rocket Homes Real Estate and based on county public records data.