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15786 Tracey St, Detroit, MI, 48227

2beds
2baths
948sqft
$54,900
$58price/sqft
$728/moest. monthly cost
$29,120/yrincome needed

About This Home

A charming brick bungalow offering exceptional value for both first-time buyers and savvy investors! This 3-bedroom, 1-bath home features a spacious living room with a cozy fireplace, a formal dining room, and a large attic with a bedroom suite feel. The full basement provides ample storage or future finishing opportunities. Situated on a generous corner lot with off-street parking for two vehicles, this home is conveniently located near major highways, shopping, restaurants, and everyday amenities. Cash, FHA203k loan eligible B/BATVAI, this is a bank owned property, this property may also be marketed via an auction event at www.hubzu.com. Seller will review offers submitted through the auction site and through listing agent.

Getting Around

66
WalkingSomewhat Walkable
41
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

3/10
2/10
Ford High SchoolGrades 9-123.6 mi

Construction

Condition

  • Year built: 1938

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Basement: Full

Bathroom1

  • Level: Main
  • Area: 40
  • Dimensions: 8.00 x 5.00

Bedroom2

  • Level: Main
  • Area: 110
  • Dimensions: 11.00 x 10.00

Bedroom3

  • Level: Main
  • Area: 110
  • Dimensions: 11.00 x 10.00

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main
  • Area: 120
  • Dimensions: 12.00 x 10.00

Features

  • Flooring: Laminate,Wood
  • Number of fireplaces: 1
  • Fireplace features: Formal Dining
  • Fireplace: Yes
  • Finished area below ground: 0

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 948
  • Total interior livable area: 948 sqft

Kitchen

  • Level: Main
  • Area: 80
  • Dimensions: 10.00 x 8.00

Living Room

  • Level: Main
  • Area: 192
  • Dimensions: 16.00 x 12.00

Master Bedroom

  • Level: Upper
  • Area: 256
  • Dimensions: 16.00 x 16.00

Property

Details

  • Parcel number: 22031351.

Features

  • Stories: 1

Lot

  • Lot size: 4,356 sqft
  • Features: Corner Lot,Sidewalk
  • Lot size dimensions: 40 x 104

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters in Wayne County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $277$3,324
Home Insurance *$196$2,352
Property Taxes $67$804
Electricity $188$2,259
Total$728$8,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$24,960/yr
40% on housing$21,840/yr
45% on housing$19,413/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.0%
9.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$58This listing

vs Other Active Listings

Avg $/sqft

ZIP 48227$57
Wayne County$99

vs Homes Sold Last Month

Median $/sqft

ZIP 48227$55
Wayne County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-30Listed for sale$54,900
2025-07-02Sold$54,750

For Sale by Agent

AgentAnthony Stephens
BrokerageVylla Homes

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