For Sale322d on market
1508 Gray St
Detroit, MI, 48215 • Riverbend • Wayne County
$6,000
0.08 acLot
Property DNA
STERLING PARK (PLATS)
Riverbend
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
1 saves
Buyers have saved this home
322 days on market
Established listing
About this home
Lot
This property is sold in a bundle with 4 vacant lots 1528, 1514, 1522 Gray and 12905 Brooks totaling 20,128 sqft. Not sold separately. All lots sold together for 30k. Property needs full rehab. Buyer must submit a proposal to purchase. This should include detailed plans for rehab & financing plan with Proof Of Funds or Pre- Approval letter, or a new construction loan. Also include plans for the vacant lots with sketches and financing. Please note that the Detroit Land Bank Authority is entitled to a tax capture for the 5 tax years subsequent to transferring ownership of the property. The tax capture may be incompatible with tax abatement that are otherwise available to the selected purchaser. DLBA will review requests to waive its tax capture rights and may require a payment in lieu of taxes to approve such requests. The payment will be determined upon reviewing the development proforma and effect of any tax abatement on the purchase and development financing. See attached documents for guidelines and submission instructions. BATVAI
Estimated monthly payment
Based on current rates
$39/month
Principal & Interest$31
Property Tax$6
Insurance$2
Down payment20% ($1,200)
3%50%
Est. 6.75% rate · 30yr fixed · $4,800 loan
Full calculator →At a glance
Key facts and listing details
Property
Home typeLot
Sub-typeLand
Systems
Water / SewerPublic / Public Sewer
Parking & Outdoor
Lot3,484 sqft
Location & Tax
NeighborhoodRiverbend
Annual tax$18
Parcel21048453
Listing insights
Market data and value estimates
StatusFor Sale
Days on market322
Est. rent$1,478/mo
Tax rate1.83%
On marketMay 20, 2025
PostedMay 20, 2025
MLS updatedJul 15, 2025
Tour days6
Views8
Favorites1
How are the schools in Detroit?
2 schools rated nearby
Location
Detroit, MI, 48215
Price history
1 event
DateEventPrice$/sqftSource
May 20, 2025Listed For Sale$6,000—Realcomp II
Listed For Sale$6,000
May 20, 2025•Realcomp II
Tax history
18 years of records
YearTax paidAssessed value
Apr 8, 2025——
Apr 8, 2024——
Apr 8, 2023——
Apr 8, 2022——
Apr 8, 2021——
Apr 8, 2020$18—
Apr 8, 2019$18—
Apr 8, 2018$18$500
Apr 8, 2017—$500
Apr 8, 2016$26$200
Apr 8, 2015$26$200
Apr 8, 2013$33$334
Apr 8, 2010$26$388
Apr 8, 2009—$388
Apr 8, 2008—$388
Apr 8, 2007—$388
Apr 8, 2005$4$368
Apr 8, 2004—$357
Nearby homes
Neighborhood details
Local context around this listing
Detroit, MI • Wayne County
Nearby neighborhoods
BagleyBarton-McFarlandBrightmoorClaytownFranklin ParkHerman GardensMorningsideSouthwest DetroitSpringwellsWarrendale
Nearby cities
CantonDearbornDearborn HeightsDetroitLincoln ParkLivoniaNorthvilleRedford
Nearby zip codes
48205482124821948221482244822748228482344823548239
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