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$120,000

Beds
3
Baths
6.0
sq ft
1,420

5530 Grayton St, Detroit, MI 48224

5530 Grayton St

Detroit, MI 48224

  • 77 days on market
    • Price drop $5,000↓
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.

Details

Property type

Single Family Residence

Est. home value

$124,016

Lot size

5,663 sq ft

Price per sq ft

$85

Year built

1930

Annual property taxes

$13,940

Price History

10/29/2024
Realcomp

Realcomp #81024046773

Price change
$120,000
-4%
10/04/2024
Realcomp

Realcomp #81024046773

Price change
$125,000
-3.85%
09/06/2024
Realcomp

Realcomp #81024046773

Price change
$130,000
+18.18%

Schools & Community

Neighborhood: 

East English Village

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

Detroit

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Shore Mortgage

Loan start date

March 2004

Original loan amount

$117,075

Est. remaining balance

$58,757

Interest rate

5.66%

Loan type

FHA, 30 year

Seller

Lenise M Tucker

Lender

Shore Mortgage

Loan start date

March 2004

Original loan amount

$117,075

Est. remaining balance

$58,757

Interest rate

5.66%

Loan type

FHA, 30 year

Seller

Lenise M Tucker

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 4:40 AM

Listing updated: 10/29/2024 at 7:30 AM

Listed by: Kingsley Ifezue, Phone #: (586) 262-6757

MLS: Realcomp #81024046773

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