49520 Gratiot Avenue
Chesterfield, MI 48051
Single Family Residence · MLS # 58050226315 · Listing courtesy of RE/MAX First
About this home
Excellent investment opportunity along highly traveled Gratiot Avenue in Chesterfield Township! This unique property offers approximately 50 feet of road frontage and 200 feet of depth, with an existing 1 ½-story home situated on the property. Ideal opportunity for investors, renovators, or developers looking to capitalize on this highly visible location. The adjacent property at 49510 Gratiot Avenue is also available for purchase, offering the potential to assemble approximately 100 feet of Gratiot frontage. Additional commercial property nearby is also being offered for sale, creating further possibilities for redevelopment. All potential uses subject to township zoning and approval.
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 $225,000, or $263 per square foot, 72% 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 $2,838 a year. A buyer who lives here would pay about $888 to $3,885 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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