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4827 Gray St, Detroit, MI, 48215

$39,000

Home List Price

$463*

Closing Credit

3 Bedrooms
1 Full Bath
1,824 SqFt
$21/SqFt
House

Location

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4827 Gray St, Detroit$39,000

Buyer Closing Credits

$463*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached
Garage1 space
Year Built1926
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240074764
Lot Size0.11 Acres
StatusActive

About 4827 Gray St

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
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Housing Market Comparison

See how this home compares to others in Detroit, MI.

Map thumbnail provided by MapBox

Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

4827 Gray St vs Detroit

47 DAYS ON ROCKET

+2 Days

$39,000

-$46K Less

$21/SqFt

-$53 Less

KEY TAKEAWAY

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

IDXDisclaimer: 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.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$409$10,900
2020$729$10,900
2018$729$10,200
2017$727$10,500

History based on county public records data.

Payment Calculator

$262

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$183

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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.

Nearby Schools

school-card-donut-271942
6
/10

  • George Defer Elementary School

  • 15425 Kercheval Ave

  • 1.64 miles

  • Public District Grades KG-5

school-card-donut-271943
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.81 miles

  • Public District Grades PK-5

school-card-donut-271944
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 1.87 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $12,432. The majority of Detroit, MI residents have income less than $35k annually. Typical family type is single, no kids. The majority of 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.

Rocket Homes›Michigan›Wayne County›Detroit›48215›4827 Gray St

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. In October 2024 in Detroit, MI there were 11.2% more homes for sale than in September 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $85,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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