Sold
5540 Grayfield Circle, Ypsilanti, MI 48197
Sold on 06/23/2023 for$296,000
MLS # 23129248 (Michigan Regional Information Center (MichRIC))
4 beds3 baths1,976 sqftBuilt 19790.17 acres
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Listing Description
Here's a great opportunity to purchase a move-in ready home located in the Township with Lincoln Schools for under $300,000. Freshly painted and equipped with new carpet this 4 bedroom 2.5 bath Colonial style home will surely not disappoint. The warm welcoming feel you'll receive upon walking through the doors will instantly let you know that this home has been cared for with love. It has served it's purpose for its previous owners and now is ready to help you start your next chapter of memories. Main level offers a formal living and dinning room along with a family room just off the kitchen which leads to a completely fenced in backyard. Upstairs consists of your sleeping quarters with a fully equipped master bedroom. Other features include a first floor laundry and guest bathroom.
Source: SparkMLS
About this home
Located in Ford Lake Village in Ypsilanti, this property offers 4-bedroom, 3-bath, 1,976 sq ft, with original construction dating to 1979.
This home sold for $296,000 (about $150/sq ft).
Estimated annual property tax: $3,612, or about $301 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms3
Living Area1,976 sqft
Lot Size0.17 acres
Year Built1979
Stories2
Location
CityYpsilanti
MunicipalityYpsilanti Twp
Zip Code48197
CountyWashtenaw
School DistrictLincoln Consolidated School District
Construction & Systems
StyleColonial
ConstructionVinyl Siding
BasementFull, Slab
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesNatural Gas Connected, Storm Sewer
InteriorGarage Door Opener
Sale & Financing
Listed5/16/2023
Sold Date6/22/2023
Terms AcceptedCash, FHA, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$3,612
Tax Year2022
Assessed Value$73,556
Parcel #K-11-22-429-295
Source: SparkMLS
Legal Description
YP#173-295 LOT 295 SMOKLER TEXTILE SUB NO.3
Property Records
USDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Demetrius Traylor
Real Estate One Inc
Frequently Asked Questions about 5540 Grayfield Circle, Ypsilanti, MI 48197
Which school district serves 5540 Grayfield Circle, Ypsilanti, MI 48197?
Per MLS# 23129248, 5540 Grayfield Circle, Ypsilanti, MI 48197 is in the Lincoln Consolidated School District boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lincoln Consolidated School District directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 23129248, this listing accepts Cash, FHA, MSHDA, Conventional financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5540 Grayfield Circle, Ypsilanti, MI 48197?
Per public tax records, annual property taxes for this property are $3,612 (2022). 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, 5540 Grayfield Circle, Ypsilanti, MI 48197 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.
What utilities serve 5540 Grayfield Circle, Ypsilanti, MI 48197?
Per Michigan Public Service Commission service territory data: 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. Washtenaw 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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Monthly payment$1,849
Principal & interest$1,849
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Property
5540 Grayfield Circle, Ypsilanti, MI 48197
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Neighborhood
Ford Lake Village
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Community
Ypsilanti
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County
Washtenaw County
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