2 months on rocket

5530 Grayton St, Detroit, MI, 48224

$120,000

Home List Price

$1,425*

Closing Credit

3 Bedrooms
1 Full Bath, 10 Partial
1,420 SqFt
$85/SqFt
House

Location

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5530 Grayton St, Detroit$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage1 space
Year Built1930
HeatingForced Air
BasementYes
MLS #24046773
Lot Size0.13 Acres
StatusActive

About 5530 Grayton St

Charming 3-bedroom, 1.5-bathroom home located in the heart of the desirable English Village neighborhood! This 1,420 sq. ft. property offers an excellent investment opportunity as a Section 8 rental, currently bringing in $1,025 per month with guaranteed payments. With its spacious layout, this home is perfect for tenants looking for comfort and convenience. The property has been well-maintained and is situated in a prime rental market. Don't miss your chance to invest in this income-generating property! Professionally managed by reputable property management company.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1930
  • Stories: 2
  • Living Area: 1,420 SqFt

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 10
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Take the nearest exit from I-94 E. Merge onto Harper Ave and continue for about a mile. Turn right onto Cadieux Rd and drive for approximately 1 mile. Then, turn left onto W Warren Ave. After half a mile, make a right turn onto Grayton St. Continue down and you'll find 5530 Grayton St on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $85/SqFt

Tax Information:

  • Annual Amount: $741
  • Tax Year: 2021
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Housing Market Comparison

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

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Detroit, MI

City

Med. Sold Price

$85K

Med. Price/SqFt

$73

Avg. Days On Market

45

# of Sold Homes

475

5530 Grayton St vs Detroit

76 DAYS ON ROCKET

+31 Days

$120,000

+$35K More

$85/SqFt

+$11 More

KEY TAKEAWAY

This property is $35K more than the Median Sold Price and $11/SqFt more than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24046773

Listing Office:

  • Office Name: iTech Realty
  • Office Phone: (586) 262-6757
  • Listing Agent: Kingsley Ifezue

Broker Reciprocity Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
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, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 25, 2017Home Sold
$60,000
May 13, 2004Home Sold
$118,000

Tax History

YEARPROP. TAXASSESSMENT
2021$741$19,900
2020$1,290$19,100
2018$1,290$13,300
2017$1,284$11,900

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-310064
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.76 miles

  • Public Charter Grades KG-5

school-card-donut-310065
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.22 miles

  • Public District Grades PK-5

school-card-donut-310066
1
/10

  • Distinctive College Preparatory

  • 19360 Harper Ave

  • 1.39 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,472. Typical income of Detroit, MI residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5530 Grayton St

What is the listing price of this property?

The listing price of 5530 Grayton St property is $120,000.

What type of property is this?

The property 5530 Grayton St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5530 Grayton 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 $741 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 25, 2017 for $60,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5530 Grayton St has 3 bedrooms and 1 full and 10 half bathrooms.

What is the square footage of this property?

The property 5530 Grayton St is 1,420 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5530 Grayton St is 1930.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5530 Grayton St

This home is located at 5530 Grayton St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 1,420 square foot home, which was built in 1930, sits on a 0.13 acre lot. Features: 3 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $120,000.

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%. While the average time on the market in October 2024 was 45 days, the median list price was $85,000.

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

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