2 months on rocket

5541 Grayton St, Detroit, MI, 48224

$110,000

Home List Price

$1,306*

Closing Credit

3 Bedrooms
2 Full Baths
2,054 SqFt
$54/SqFt
House

Location

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5541 Grayton St, Detroit$110,000

Buyer Closing Credits

$1,306*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage1 space
Year Built1930
HeatingForced Air
BasementYes
MLS #24046256
Lot Size0.13 Acres
StatusActive

About 5541 Grayton St

**Turnkey 4-Bedroom Rental in East English Village, Detroit** Investors, don't miss this prime opportunity in Detroit's desirable East English Village! This 4-bedroom, 1-bathroom turnkey rental property is already income-producing, with a long-term tenant of 12 years in place, paying $1,100 per month. Professionally managed by a reliable property management company, this property offers hassle-free ownership and consistent cash flow. Located on the east side of Detroit, East English Village is known for its strong community vibe and well-maintained homes. Whether you're looking to expand your portfolio or secure your first rental property, this gem provides stability and peace of mind.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1930
  • Stories: 2
  • Living Area: 2,054 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • 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: To reach 5541 Grayton St, Detroit, MI 48224, start by taking the nearest exit from I-94 E. Merge onto Harper Ave and continue for about a mile. Then, take a right onto Cadieux Rd and drive straight for another mile. Turn left onto W Warren Ave, and after about half a mile, turn right onto Grayton St. Property will be on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $110,000
  • Price Per SqFt: $54/SqFt

Tax Information:

  • Annual Amount: $642
  • 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

5541 Grayton St vs Detroit

78 DAYS ON ROCKET

+33 Days

$110,000

+$25K More

$54/SqFt

-$20 Less

KEY TAKEAWAY

This property is $25K more than the Median Sold Price and $20/SqFt less than other homes in Detroit, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24046256

Listing Office:

  • Office Name: Detroit Metro 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, 12:20:55 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

Apr 25, 2016Home Sold
$32,000
May 02, 2013Home Sold
$55,500

Tax History

YEARPROP. TAXASSESSMENT
2021$642$17,700
2020$1,122$17,000
2018$1,122$11,100
2017$1,117$10,000

History based on county public records data.

Payment Calculator

$617

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$396

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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-297869
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.73 miles

  • Public Charter Grades KG-5

school-card-donut-297870
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.19 miles

  • Public District Grades PK-5

school-card-donut-297871
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 1.39 miles

  • Public District Grades PK-5

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. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5541 Grayton St

What is the listing price of this property?

The listing price of 5541 Grayton St property is $110,000.

What type of property is this?

The property 5541 Grayton St is a house located in Detroit, Michigan, 48224.

Is this property for sale now?

Active Listing: 5541 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 $642 (source: MLS/based on county public records data).

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

The last sale was on April 25, 2016 for $32,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5541 Grayton St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5541 Grayton St is 2,054 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5541 Grayton St is 1930.

Rocket Homes›Michigan›Wayne County›Detroit›48224›5541 Grayton St

This home is located at 5541 Grayton St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,054 square foot home, which was built in 1930, sits on a 0.13 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $110,000.

While more than 125 listings in Detroit, MI in October 2024 were sold above asking price, there were more than 93 listings sold at asking price, and more than 257 were sold below. Between September 2024 and October 2024, Detroit, MI real estate market has seen increase in the number of listings by 11.2%. 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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