For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Washtenaw 48197
5471 Grayfield Circle
$194,900
● House - Off Market

5471 Grayfield Circle

Ypsilanti, MI 48197
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,976 Ft²
$294,832
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Don't miss this updated home nestled on a large lot in the Smokler Textile sub of Ypsilanti.  Offering over 1700 sq ft of living space with a formal dining room, living room and  eat in kitchen.  The spacious family room with door wall opens to the deck and large backyard.  The upstairs master has two large closets and a private master bath.  There are three additional bedrooms upstairs with a hall bath. Updates include new paint and carpet throughout, new kitchen appliances, new master bath floor and some new light fixtures.  Easy access to freeway, parks, library and shopping. This home is move in ready.,   Primary Bath, Rec Room: Space
Unit Size
1,976 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$99
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1979

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MichRIC MLS #23084078)

Price History

Date / Event Date Event Price
Oct 17, 2018 Sold
Premium
Sold
Aug 3, 2018 Listed by The Charles Reinhart Company $194,900
Listed by The Charles Reinhart Company

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 672
  • Garage Type: 7
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,976
  • Building Area: 1,976
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,976
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SMOKLER TEXTILE SUB
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: YP#173-324 LOT 324 SMOKLER TEXTILE SUB NO.3

Neighborhood

  • School District Name: Lincoln Consolidated School District
  • School Tax School District: LINCOLN
  • Census Tract: 412700

Zoning

  • Zoning: RI

Geography

  • District: K
  • Parcel: K -11-22-167-324
  • Block: 167
  • Lot: 324
  • Meridian: SEC 22 TWN 3S RNG 7E
  • Municipality: YPSILANTI TWP
  • Latitude: 42.2107
  • Longitude: -83.5909

    Address

  • Full Address: 5471 Grayfield Cir
  • Address - House Number: 5471
  • Address - Street Name: Grayfield
  • Address - Suffix Type: Cir
  • State: MI
  • City Name: Ypsilanti
  • Carrier Code: C014
  • 4-Digit Zip Code: 7167
  • Zip Code: 48197

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $305,082
  • Tax Rate Code Area: K

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 79
  • Final Value: 333,754
  • High Value: 388,747
  • Low Value: 278,761

    Market Valuation

  • Market Total Value: $271,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $135,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2018
  • Current Sale Recording Date: Oct 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6444513
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Washtenaw

Stats & Trends

Median Asking:

$445,000

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

47

Average Home Size

2330 ft²

Average Home Age

56 years

Currently For Sale

652 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Elizabeth Brien, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23084078
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 5471 Grayfield Circle built and last sold?
The property at 5471 Grayfield Circle was built in 1979 and last sold on Sep 20, 2018 for $194,900.
How much is this home worth?
The estimated value of the home located at 5471 Grayfield Circle is $0.
What are some comparable homes to 5471 Grayfield Circle?
There are currently no comparable homes to 5471 Grayfield Circle.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Ypsilanti Homes for Sale
Ypsilanti Houses for Sale
Ypsilanti Condos for Sale
Ypsilanti Multifamily for Sale
Ypsilanti Land for Sale
Ypsilanti Commercial for Sale
Ypsilanti Homes with Basements
Ypsilanti Homes with Pools
Nearby Cities
Ann Arbor Homes for Sale
Milan Homes for Sale
Belleville Homes for Sale
Barton Hills Homes for Sale
Nearby Property Records
Wayne County, MI Property Records
Washtenaw County, MI Property Records
Monroe County, MI Property Records
Oakland County, MI Property Records
Livingston County, MI Property Records
Lenawee County, MI Property Records
Lucas County, OH Property Records
Jackson County, MI Property Records
Neighborhoods
Plansmart Real Estate
Downtown Ann Arbor Real Estate
Southeast Ann Arbor Real Estate
Glazier Way Real Estate
Greenview and Pioneer Nature Area Real Estate
North Area Real Estate
Old West Side Real Estate
Lawton Real Estate
Nearby Counties
Ann Arbor Homes for Sale
Canton Homes for Sale
Pittsfield Homes for Sale
Superior Homes for Sale
Van Buren Homes for Sale
York Homes for Sale
Ann Arbor Homes for Sale
Milan Homes for Sale
Top Real Estate Agents
Top Agents in Ypsilanti
Top Agents in Ann Arbor
Top Agents in Ann Arbor
Top Agents in 48197
Top Agents in Canton
Top Agents in Pittsfield
Top Agents in 48104
Top Agents in 48198