NOT LISTED FOR SALE

4350 Grayton St Detroit, MI 48224

East English Village Neighborhood

Estimated Value: $180,000 - $244,000

4 Beds
6 Baths
1,992 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $140,000 $70 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,335/month

2 Days on Market

Highlights

  • Porch
  • Awning
  • High Speed Internet
  • Cass Technical High School Rated 10
  • Forced Air Heating System

About This Home

As of July 2019

Investors: Brilliant Brick upper and lower flat with 2 bedrooms and one bath in each unit is ready to be tenanted. Great curb appeal with nice landscaping and deck. Inside features hardwood floors throughout, a fireplace on the lower level built-in storage. That and solid roof and foundation makes this investment a no brainer! Expected rents totaling a minimum $1400 monthly with an annual NOI of over $11k after taxes, insurance and management fees. $1,995 transaction fee due from Buyer payable to IPS Realty at time of closing.

Last Agent to Sell the Property

Brent Maxwell

Propfoxx License #6501345023 Listed on: 05/28/2019

Last Buyer's Agent

Daniel Ericksen

O'Connor Realty Detroit, LLC License #6506047792

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1938

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 37.00x168.60

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof
  • Chimney Cap

Interior Spaces

  • 1,992 Sq Ft Home
  • 1.5-Story Property
  • Awning
  • Natural lighting in basement

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Arthur J Scullys Vogt Farm Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number W21I073941S
  • $4,200 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,488

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 1/2 Story
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 4.20
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Daylight
  • Sq Ft Combined: 1992
  • Total Sq Ft: 1992
  • Sq Ft Total Bsmt: 1275

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exterior Features: Awning/Overhang(s), Chimney Cap(s), Lighting
  • Foundation Materials: Block
  • Frontage Feet: 37
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Detroit

Lot Info

  • List Price per Acre: 1135714.2857
  • Lot Size Area: 0.14
  • Lot Dimensions: 37.00X168.60
  • Parcel Number: W21I073941S
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer
  • Monthly Rental Income: 1200

Tax Info

  • Tax Amount Summer: 1362.0000
  • Tax Amount Winter: 126.0000
  • Total Tax: 1488.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Two Bedroom Units: 2

MLS Schools

  • School District: Detroit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2019
Closed on
Jul 12, 2019
Sold by
Emmons Lisa
Bought by
Ericksen Daniel C and Cox Julia A
Seller's Agent
Brent Maxwell
Propfoxx
Buyer's Agent
Daniel Ericksen
O'Connor Realty Detroit, LLC
List Price
$159,000
Sold Price
$140,000
Premium/Discount to List
-$19,000
-11.95%
Current Estimated Value
$215,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,193
Avg. Annual Appreciation
6.64%
Original Mortgage
$137,464
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
May 3, 2015
Sold by
Detroit Land Bank Authority
Bought by
Emmons Lisa

Purchase Details

Closed on
Jan 6, 2015
Sold by
Treasurer Of The Charter County Of Wayne
Bought by
Detroit Land Bank Authority
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ericksen Daniel C $140,000 Amrock
Emmons Lisa $11,600 None Available
Detroit Land Bank Authority -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ericksen Daniel C $136,000
Closed Ericksen Daniel C $137,464
Previous Owner Emmons Lisa $60,541
Previous Owner Cacavas Gregory M $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $140,000 -11.9% $70 / Sq Ft
05/30/2019 05/30/19 Pending -- -- --
05/28/2019 05/28/19 For Sale $159,000 -- $80 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,262 $65,200 $0 $0
2024 $2,262 $56,000 $0 $0
2023 $2,444 $44,100 $0 $0
2022 $2,391 $38,600 $0 $0
2021 $2,326 $25,200 $0 $0
2020 $2,111 $22,300 $0 $0
2019 $1,543 $17,400 $0 $0
2018 $1,362 $15,200 $0 $0
2017 $247 $13,000 $0 $0
2016 $2,386 $24,200 $0 $0
2015 $2,420 $24,200 $0 $0
2013 $3,354 $33,544 $0 $0
2010 -- $46,558 $1,523 $45,035
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brent Maxwell

    Propfoxx

    Section Image
  • Daniel Ericksen

    Buyer's Agent in 2019

    Daniel Ericksen

    O'Connor Realty Detroit, LLC

    (248) 376-2231

    2 in this area

    125 Total Sales

    Daniel Ericksen
    Section Image

  • D

    Buyer's Agent in 2019

    Daniel Treder

    Signature Sotheby's International Realty GPF

    (248) 470-8590

    1 in this area

    71 Total Sales

    Daniel Treder
    Section Image
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Map

Source: Realcomp

MLS Number: 219048184

Realcomp

APN: 21-073941

Michigan Wayne County Detroit 48224 East English Village

4350 Grayton St, Detroit, MI

This home is located at 4350 Grayton St, Detroit, MI 48224 since 28 May 2019 and is currently estimated at $215,193, approximately $108 per square foot. This property was built in 1938. 4350 Grayton St is a home located in Wayne County with nearby schools including Marquette Elementary-Middle School, Edward 'Duke' Ellington Conservatory of Music and Art, and Charles L. Spain Elementary-Middle School.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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