9 days on rocket

5936 Grayton St, Detroit, MI, 48224

$264,000

Home List Price

$3,135*

Closing Credit

2 Full Baths
2,504 SqFt
$105/SqFt
Multi

Location

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5936 Grayton St, Detroit$264,000

Buyer Closing Credits

$3,135*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGarages
Year Built1930
HeatingNatural Gas, Radiant
BasementYes
MLS #20240084515
Lot Size0.14 Acres
StatusActive

About 5936 Grayton St

Welcome to this newly renovated investment gem in Detroit! Situated on the city's sought-after east side, this property offers exceptional versatility, with the option to function as either a duplex or a single-family home. Perfect for investors seeking flexibility, it provides an excellent opportunity to generate rental income or be transformed into a charming single-family residence. With its recent updates and prime location, this property is beaming with potential for both growth and profitability. Don't miss out on this versatile Detroit opportunity! Virtually staged photos. Appliances not included.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Duplex
  • Year Built: 1930
  • Stories: 2
  • Living Area: 2,504 SqFt

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Saverio A Montalto

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: Garages

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Radiant

Other

Directions Information:

  • Directions: N Chandler Park W of Cadieux

Price Information

Listing Price Info

Price Summary:

  • List Price: $264,000
  • Price Per SqFt: $105/SqFt

Tax Information:

  • Annual Amount: $2,159
  • 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

5936 Grayton St vs Detroit

9 DAYS ON ROCKET

-36 Days

$264,000

+$179K More

$105/SqFt

+$31 More

KEY TAKEAWAY

This property is $179K more than the Median Sold Price and $31/SqFt more 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: #20240084515

Listing Office:

  • Office Name: DOBI Real Estate
  • Office Phone: (248) 385-3350
  • Listing Agent: Saverio A Montalto

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, 1:20:52 PM 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$2,159$43,400
2020$2,038$41,600
2018$2,038$24,000
2017$2,031$21,500

History based on county public records data.

Payment Calculator

$1,385

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$858

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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-305049
1
/10

  • Marvin L Winans Academy Elementary School

  • 9740 McKinney St

  • 0.59 miles

  • Public Charter Grades KG-5

school-card-donut-305050
1
/10

  • Wayne Elementary School

  • 10633 Courville St

  • 1.05 miles

  • Public District Grades PK-5

school-card-donut-305051
1
/10

  • Carleton Elementary School

  • 11724 Casino St

  • 1.14 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 $53,686. The majority of Detroit, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Wayne County›Detroit›48224›5936 Grayton St

This home is located at 5936 Grayton St in Detroit, MI and zip code 48224 in the Lower East neighborhood. This 2,504 square foot home, which was built in 1930, sits on a 0.14 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $264,000.

In October 2024, from all listings sold in Detroit, MI there were more than 125 sold above asking price, over 257 sold below and more than 93 were sold right at the asked price. The number of homes for sale in Detroit, MI increased by 11.2% between September 2024 and October 2024. 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.

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