Sold
5050 Grayton Street, Detroit, MI 48224
Sold on 06/22/2026 for$75,000
MLS # 20261041540 (Realcomp)
3 beds3 baths2,421 sqftBuilt 19310.14 acres
1 / 16
Listing Description
OVER 1500 SQFT IN THIS ALL BRICK TUDUR HOME WITH FULL BASEMENT AND 2 CAR GARAGE. LOCATED CLOSE TO SCHOOLS, SHOPPING, AND MAJOR FREEWAYS. BUYER TO PAY $995 PROCESSING/TRANSACTION FEE TO LISTNG BROKERAGE AT CLOSING.
Source: SparkMLS
About this home
This 3-bedroom, 3-bath, 2,421 sq ft home built in 1931 sits in Finney in Detroit.
This home sold for $75,000 (about $31/sq ft).
Property tax estimate: $3,774 per year ($315/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
Bathrooms3
Living Area2,421 sqft
Lot Size0.14 acres
Year Built1931
Stories2
Location
CityDetroit
Zip Code48224
CountyWayne
School DistrictDetroit
Construction & Systems
ConstructionBrick
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished
Sale & Financing
Listed6/3/2026
Sold Date6/21/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,316
Tax Year2025
State Equalized Value$58,800
Assessed Value$58,800
Parcel #21073980.
Source: Public Records
Legal Description
E GRAYTON 476 EASTERN HEIGHTS LD COS SUB NO 1 L50 P4 PLATS, W C R 21/738 40 X 150
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Tarick M Salmaci
ARG Realty
Frequently Asked Questions about 5050 Grayton Street, Detroit, MI 48224
Which school district serves 5050 Grayton Street, Detroit, MI 48224?
Per MLS# 20261041540, 5050 Grayton Street, Detroit, MI 48224 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.
What financing options are available for 5050 Grayton Street, Detroit, MI 48224?
Per MLS# 20261041540, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5050 Grayton Street, Detroit, MI 48224?
Per public tax records, annual property taxes for this property are $2,757. 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, 5050 Grayton Street, Detroit, MI 48224 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 5050 Grayton Street, Detroit, MI 48224 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 5050 Grayton Street, Detroit, MI 48224?
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.
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Tax Estimate
$
Annual tax$3,774
Monthly$315
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$801
Principal & interest$486
Property taxes$315
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
5050 Grayton Street, Detroit, MI 48224
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Neighborhood
Finney
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Community
Detroit
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County
Wayne County
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