Sold
18642 Tracey Street, Detroit, MI 48235
Sold on 07/16/2026 for$110,000
MLS # 20261028199 (Realcomp)
3 beds2 baths1,431 sqftBuilt 19490.12 acres
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Listing Description
This all-brick Tudor is an approximately 80% completed, offering a prime opportunity for investors to step in and finish strong. Major updates have already been started, including two full bathroom renovations, new flooring, new carpet throughout, and updated plumbing, HVAC, and electrical. The home features classic Tudor charm, a functional layout, and an unfinished basement ready for additional value-add potential. Outside, you’ll find a detached two-car garage and a solid brick exterior that adds long-term durability and curb appeal.Sold as-is, cash only. Please see legal description regarding property being allegedly exempt from taxes until 12/30/26. Perfect for anyone looking for their next project with much of the heavy lifting already underway.
Source: SparkMLS
About this home
3-bedroom, 2-bath, 1,431 sq ft home in Bagley in Detroit built in 1949.
Final sale price: $110,000 (about $77/sq ft).
Property tax estimate: $3,132 per year ($261/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area1,431 sqft
Lot Size0.12 acres
Year Built1949
Stories2
Location
CityDetroit
Zip Code48235
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed4/23/2026
Sold Date7/15/2026
Original Price$135,000
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$4,564
Tax Year2025
State Equalized Value$48,800
Assessed Value$48,800
Parcel #22031481.
Source: Public Records
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2026. E TRACEY 71 AND W 10 FT OF VAC ALLEY ADJ AMENDED PLAT OF RAMM & COS N W HWY SUB NO 1 L49 P37 PLATS, W C R 22/239 40 X 130
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by James T Silver
Keller Williams Somerset
Frequently Asked Questions about 18642 Tracey Street, Detroit, MI 48235
Which school district serves 18642 Tracey Street, Detroit, MI 48235?
Per MLS# 20261028199, 18642 Tracey Street, Detroit, MI 48235 is in the Detroit boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Detroit directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261028199, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 18642 Tracey Street, Detroit, MI 48235?
Per public tax records, annual property taxes for this property are $9,219. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 18642 Tracey Street, Detroit, MI 48235 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 18642 Tracey Street, Detroit, MI 48235 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 18642 Tracey Street, Detroit, MI 48235?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Wayne County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
Map
Tax Estimate
$
Annual tax$3,132
Monthly$261
Millage rate64.1844 mills
Municipality: Detroit
School district: DETROIT CITY SCHOOL DISTRICT
County: Wayne
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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%
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Monthly payment$1,039
Principal & interest$778
Property taxes$261
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
18642 Tracey Street, Detroit, MI 48235
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Neighborhood
Bagley
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Community
Detroit
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County
Wayne County
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