49510 Gratiot Avenue
Chesterfield, MI 48051
Single Family Residence · MLS # 58050226311 · Listing courtesy of RE/MAX First
About this home
Prime Gratiot Avenue Opportunity in Chesterfield Township! Bring your vision to this property offering excellent potential for redevelopment, renovation, or a complete rebuild. The existing 1 ½-story bungalow has been extensively gutted on the main level and requires major structural repairs or possible demolition. The second floor is inaccessible due to deteriorated stairs, and the overall condition of the structure is unknown. Property is being sold AS-IS, with no repairs to be made by the seller. Situated along highly traveled Gratiot Avenue, this location offers excellent exposure and potential for a variety of future uses, subject to township approval and zoning requirements. Property is vacant and may be purchased in conjunction with the neighboring property, which is also available for sale. An excellent opportunity for investors, builders, and developers looking for a project in a desirable, high-visibility location. No interior access permitted without prior authorization due to unsafe conditions.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Chesterfield
Over the last 90 days, 67 homes sold in Chesterfield for a median of $302,500, about $153 per square foot, and the typical one went under contract in 10 days. This home is listed at $175,000, or $204 per square foot, 33% above the city median, and has been on the market 1 day. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Chesterfield sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,716 a year. A buyer who lives here would pay about $888 to $3,022 a year once the taxable value resets after the sale, at the 2025 homestead rate of 34.19 mills for Chesterfield Twp and Lanse Creuse schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Chesterfield
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