Sold
2048 Richards Street, Adrian, MI 49221
Sold on 04/13/2026 for$120,000
MLS # 20261013959 (Realcomp)
3 beds1 bath908 sqftBuilt 19420.34 acres
1 / 24
Listing Description
This property presents a great opportunity for buyers looking to renovate and add value. The home is in fair condition and offers solid fundamentals with room for cosmetic updates and improvements. Functional layout with good natural light, spacious living areas, and well-proportioned bedrooms.Interior shows signs of wear consistent with age, including dated finishes and deferred maintenance. Kitchen and bathrooms are serviceable but would benefit from updating. Flooring, paint, and fixtures may require replacement or refurbishment.Exterior is structurally sound overall, though some repairs and maintenance are recommended. Systems are operational to the best of the seller’s knowledge, but buyers are encouraged to conduct their own due diligence.Ideal for investors, renovators, or owner-occupants seeking to customize to their taste. Priced accordingly to reflect condition and potential.Please note this property is being sold AS-IS, and the Seller will not pay the owner’s title policy at closing.
Source: SparkMLS
About this home
3-bedroom, 1-bath, 908 sq ft home in Madison Township in Adrian built in 1942.
This home sold for $120,000 (about $132/sq ft).
Estimated annual property tax: $2,049, or about $171 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Midwest Energy Cooperative; natural gas by Citizens Gas Fuel Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms1
Living Area908 sqft
Lot Size0.34 acres
Year Built1942
Stories1
Location
CityAdrian
MunicipalityMadison Twp
Zip Code49221
CountyLenawee
School DistrictMadison
Construction & Systems
ConstructionAluminum Siding
Garage1 space
HeatingForced Air
WaterWell
Sale & Financing
Listed3/3/2026
Sold Date4/12/2026
Terms AcceptedCash
Source: SparkMLS
Tax Information
Annual Tax$1,687
State Equalized Value$72,300
Taxable Value$65,386
Homestead (PRE)100%
Parcel #MD0640010000
Source: Public Records
Legal Description
LOT 10 HOME ACRES
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Erick Monzo
Keller Williams Realty-Great Lakes
Frequently Asked Questions about 2048 Richards Street, Adrian, MI 49221
Which school district serves 2048 Richards Street, Adrian, MI 49221?
Per MLS# 20261013959, 2048 Richards Street, Adrian, MI 49221 is in the Madison boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Madison directly to confirm enrollment eligibility.
What financing options are available for 2048 Richards Street, Adrian, MI 49221?
Per MLS# 20261013959, this listing accepts Cash financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 2048 Richards Street, Adrian, MI 49221?
Per public tax records, annual property taxes for this property are $1,687. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 2048 Richards Street, Adrian, MI 49221 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 2048 Richards Street, Adrian, MI 49221 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 2048 Richards Street, Adrian, MI 49221?
Per Michigan Public Service Commission service territory data: Electric: Midwest Energy Cooperative. Gas: Citizens Gas Fuel Company. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Madison Twp police department or the Lenawee County sheriff's office.
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Tax Estimate
$
Annual tax$2,049
Monthly$171
Millage rate28.3468 mills
Municipality: Madison TOWNSHIP
School district: MADISON SCHOOL DISTRICT
County: Lenawee
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$1,046
Principal & interest$876
Property taxes$171
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Midwest Energy Cooperative
Co-op
Citizens Gas Fuel Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
2048 Richards Street, Adrian, MI 49221
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Municipality
Madison Township
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County
Lenawee County
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